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Maureen L. Heafey passed away at the Baystate Medical Center on Nov. 27, 2023, after a sudden and brief illness. Her family was at her bedside during her peaceful passing. ....
Sound Off: Is it a good idea to buy (or sell) a home in 2021? Feb. 4, 2021 FacebookTwitterEmail Q: Is it a good idea to buy (or sell) a home in 2021? A: Yes it is both a good time to buy and sell a home in 2021. The biggest benefit for the buyer in 2021 is the incredibly low interest rates on loans. As a buyer you probably won’t find lower interest rates than where they are now. These historic lower rates are allowing buyers to borrow more with less interest. Our economy in the bay area, driven largely by the Tech sector, has enabled wealth creation through initial public offerings and stock options. This wealth has also allowed buyers to make sizable down payments, which helps with putting together a quick clean offer helping you get into escrow easily. ....
Sound Off: Why are interest rates so low and how long will they stay this way? Dec. 21, 2020 FacebookTwitterEmail Q: Why are interest rates so low and how long will they stay this way? A: The Federal Reserve lowers interest rates in order to stimulate growth during a period of economic decline and uncertainty, which means that borrowing costs become cheaper. Low interest rates are good for homeowners as it reduces their monthly mortgage payments. The interest rates are so low largely because the economy is so weak. Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, according to Federal Reserve Chairman Jerome Powell. He was quoted as saying “We think that the economy’s going to need low interest rates, which support economic activity for an extended period of time it will be measured in years. However long it takes, we’re going to be there we’re not going to prematurely withdraw the supp ....