For struggling families in Greater Boston, there are new foreclosure laws to help homeowners keep their property. Learn more about these laws by speaking with a housing counselor. Asian Community Development Corporation’s Comprehensive Housing Opportunities Program has housing counselors who can help.
Saving for a home is an excellent goal for 2013. Property values are stable and interest rates are still low. Current 30-year fixed mortgage rates are in the 3 percent range and 15-year rates are in the 2 percent range. This trend is predicted to last until late 2013. Households that can take advantage of this trend should be able to get a favorable mortgage.