Mill Creek, 165 Cottage Street, Chelsea โ a 1-bed, 1.5-bath condo (930 sq ft). Sold for $380,000 on September 29, 2023 (MLS #73144948).
mortgages
An archived recommendation by Jeffrey Bowen for mortgage professional Roger Brasil, preserved as part of the blogโs history.
Jeff Bowen's August 24, 2010 market note records the ten-year Treasury yield falling to 2.50% and argues 30-year fixed mortgages could see 4% with no points โ a call to move money out of stocks and into Boston real estate, foreclosures and multi-families.
Jeff Bowen's July 2010 note compares a 7/1 ARM at about 3.5% with a 30-year fixed at 4.75% and records a client refinancing out of a 5.75% fixed loan into a 7/1 at 3.5%, saving $400 a month.
Jeff Bowen's July 4, 2010 market note marvels at 30-year fixed mortgage rates of 4.5% with no points โ the lowest in 50 years โ with mortgage applications booming on refinancing and investors positioned to profit by buying and holding 7 to 10 years.