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Author:
Draper & Kramer Mortgage Corp
About S. John
Over the past 33 years, mortgage originator John Murray has personally closed over 9,800 loans and is one of only a handful of originators in the country to have funded over $2 billion in personal loan production.
John has built a team of experienced mortgage professionals that is second to none in New England, and they have helped him to be named among the top 1 percent of all mortgage originators in America for each of the last eighteen years. John has been featured as an industry leader in Mortgage Market Guide, American Banker, Loan Toolbox, Mortgage Originator magazine, Originator Network News and Broker magazine. He is also a contributing faculty member on the advisory board for a mortgage automation and customer relationship management company.
From first-time homebuyers to seasoned real estate investors, John is proud to help everyone reach their home financing goals. His specialties include no-point, no-closing-cost mortgages and jumbo loans. John's No. 1 priority with every client is to provide a smooth and stress-free financing experience from start to finish.
John graduated from the University of Michigan with a Bachelor of Science in Economics. He and his wife, Laurie, live in Wenham, Massachusetts with their three children and spend winter weekends skiing with family at Black Mountain in Jackson, New Hampshire, where they have a second home.
Don't hesitate to contact John with any questions you have about purchasing or financing a home. He welcomes the opportunity to put his decades of mortgage experience to work for you.
Comments:
Brought to you by John Murray of Draper & Kramer Mortgage
Whether you’re looking to buy
or sell, there’s great motivation to be in the housing market,
especially with mortgage rates hovering at this historic all-time low.
According to the latest FreddieMac Quarterly Forecast,
mortgage interest rates have fallen to historically low levels this
spring and they’re projected to remain low. This means there’s a huge
incentive for buyers who are ready to purchase. And homeowners looking
for eager buyers can take advantage of this opportune time to sell as
well.
There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:
“Going forward, we forecast the 30-year fixed-rate
mortgage to remain low, falling to a yearly average of 3.4% in 2020 and
3.2% in 2021.”
With mortgage rates hovering at such compelling places, ongoing buyer interest
is bound to keep driving the housing market forward. Rates also reached
another record low last week, so homebuyers are in what
FreddieMac is identifying as the buying mood:
“While the rebound in the economy is uneven, one
segment that is exhibiting strength is the housing market. Purchase
demand activity is up over twenty percent from a year ago, the highest
since January 2009.
Mortgage rates have hit another record low due to declining inflationary pressures, putting many homebuyers in the buying mood.
However, it will be difficult to sustain the momentum in demand as
unsold inventory was at near record lows coming into the pandemic and it
has only dropped since then.”
There’s no doubt that even though buyers are ready to purchase, it’s hard for many of them to find a home to buy today. Mortgage rates aren’t the only thing hovering near all-time lows; homes available for sale are too. With housing inventory as scarce as it is today – a nearly 20% year-over-year decline in available homes to purchase – keeping buyers in the purchasing mood may be tough if they can’t find a home to buy
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7/7/2020