To refinance, or not to refinance

With the incredibly low interest rates of recent months, many homeowners are wondering when exactly is the best time to refinance. Is it now? Well, three economists weigh in on a CS Monitor story and have created a calculator that takes a lot of factors under consideration, including your income tax rate and number of years you plan to remain in the home.

For more information or to use the refi calculator, go to CSMonitor.com.

Real Estate Update: Mortgage agents are very busy following Obama plan

Reuters.com reported that mortgage agents are working hard to keep up with the recent spike in demand for refinancing and new mortgages. All of this is purportedly due to the $275 billion housing plan from President Obama.

Read the full article on Reuters.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Boston Real Estate Update: Local banks move into the mortgage biz

A recent article on Boston.com detailed an interesting change in the mortgage market. Many nationwide companies who offer mortgages have been hard hit by defaults and tightening restrictions. In some cases, the local banks were not hit nearly as hard and are now able to offer more beneficial loans. So, if you are in the market for a new home, try stopping by your local bank to see what they can do for you.

Read the full article on boston.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

CNBC host encourages buying a home

Mad Money host, Jim Cramer encouraged investors to buy a home on Tuesday – in fact, he commanded it! He celebrated the Fed’s move to lower interest rates and believes the housing market will soon rebound.

View the complete clip on CNBC.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.