Is the 30 year fixed rate mortgage an endangered species?

Discussion about mortgage rates normally focuses on the 30 year fixed rate mortgage (FRM). As the table below shows, the US is unique in developed countries in having FRMs as the dominant product:


Only Denmark and France have significant FRM markets and their products differ from the US in certain ways. (more…)

Year end reviews

I shall be publishing year-end reviews over the course of this weekend. The best way to know when they are published is to sign up on to receive email alerts of new articles. Here’s a screenshot showing where you can sign up on the home page.



If you are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 781.631.1223 or

Andrew Oliver is a Realtor with Harborside Realty in Marblehead

New FHFA Head moves to delay fee increases

According to the Wall Street Journal’s Nick Timiraos, Rep. Mel Watt (D., N.C.), the incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac, said on Friday night he would delay an increase in mortgage fees charged by the housing-finance giants, which was announced earlier this month by that agency.

Upon being sworn in, “I intend to announce that the FHFA will delay implementation of the loan-fee increases until such time as I have had the opportunity to evaluate fully the rationale for the plan,” said Mr. Watt in a statement.