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Old 10-29-2009, 02:05 PM
 
1 posts, read 1,738 times
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Hi, does anyone know where can one find information on how many mortgages in Massachusetts (by county or town) are Option ARMs / Alt-A mortgages? From what I know these will start resetting peaking around 2012.

I want to find out how health the Massachusetts housing market is, particularly in towns like Canton, Norwood, Needham, Acton, etc.

As bad as the subprime debacle is, Massachusetts seem to do a lot better than CA/FL/NV, etc. I want to know if the more Prime mortgages will cause housing in MA value to go down further.

I am debating should I wait until then for a cheaper house but risk having a bigger 30yr fixed rate, or buy it now if price won't go down any further because mortgages are healthier in those area.

Thanks.
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