Sullivan & Company Real Estate, LLC | Brimfield Real Estate, Sturbridge Real Estate


Mortgage interest rates have a remarkable effect on the overall long-term cost of buying a property through financing. Mortgage borrowers are looking for the highest possible rates while lenders have to manage their risk by charging interest rates. Borrowers with good credit histories and stable finances are those who can access a mortgage with lower interest rates. The financial status of borrowers has a significant impact on the interest they can get; government fiscal policy and other economic factors can affect mortgage rates on a global level. Below are some of the factors that can affect your mortgage interest rates:

Inflation 

Inflation causes the price to rise gradually. It is a critical factor in the overall economy and an essential element for mortgage lenders. It reduces the purchasing power of dollars. And, mortgage lenders manage the interest rates such that it will be able to withstand the reduction of purchasing power through inflation to make sure that there is a real net profit on their interest returns.

The Level of Economic Growth

The gross domestic product and the employment rates are the economic growth indicators that have a remarkable effect on mortgage rates. When economic growth rates increase, there is higher income, and there is an increase in the level of consumer's spending which translates to a rise in consumers seeking mortgage loans. 

Federal Reserve Monetary Policy

The monetary policy of the Federal Reserve Bank is one of the essential factors that affect mortgage interest rates and the overall economy. The Federal Reserve Bank does not stipulate a specific price in the mortgage market, but the establishment of the federal funds' rates and the adjustment of money supply upward or downward have a pronounced effect on the mortgage interest rates that are available to borrowers.

Generally, a rise in the supply of money pressures rates downward while a reduction in money supply puts upward pressure on rates.

Housing Market Condition

The conditions and trends in the housing markets can influence mortgage rates. When there is a decrease in the number of new constructions, there is will a reduction in home purchases which automatically leads to a decline in demand for mortgages. This situation makes the interest rates to reduce. Another trend that affects the mortgage rate is the number of consumers renting an apartment instead of buying a home.

The rise and decline of mortgage interest rates operate based on the basic rules of demand and supply. All the factors mentioned above have a pronounced influence on mortgage rates. Most importantly, your financial standing affects your mortgage rate. It is essential to speak to a financial advisor before deciding on starting a home purchase and mortgage process.



181 Brimfield Rd, Holland, MA 01521

Single-Family

$169,900
Price

5
Rooms
3
Beds
1
Baths
This updated ranch is move in ready with new flooring, fresh paint and new appliances including hot water heater and water softener. Set on a beautiful corner lot with stonewalls close to Hamilton Reservoir.
Open House
No scheduled Open Houses

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10 Echo Rd, Brimfield, MA 01010

Single-Family

$24,900
Price

6
Rooms
3
Beds
1
Baths
This is your opportunity to build your dream home in an up and coming Brimfield neighborhood. Union 61 school district. Current building is most likely a tear down but you can't beat the location! Surrounded by new construction,rehabs and newly paved roads, just a minute walk to Sherman Pond beach. Public boat launch down the street. Sherman Pond is a fully recreational lake with great fishing and activities all year round.
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135 Town Farm Rd, Brookfield, MA 01506

Single-Family

$380,000
Price

6
Rooms
2
Beds
2
Baths
Live the simple life in this 19th-century antique country home on 30 acres with 2 greenhouses, mature planting of hybrid flowers, fruit trees & berry bushes, fenced-in yard, and woodland trails. The former home of the award-winning Town Farm Gardens, known for its specialty pickles, condiments, and salsa, this property is set up for a turn-key business with a separate, certified commercial kitchen and hundreds of product planted this season. The 1830 post and beam home maintains many original features and all the character of earlier days. There are currently 2 bedrooms on the second floor with a large, unfinished room with a cathedral ceiling ready to be finished as a master bedroom suite. Septic system is for a 3- bedroom and Title V inspection completed. Property includes 2 separate parcels with 550'+ road frontage. A rare opportunity for anyone looking for an antique home and land in the most quintessential country setting. The property will be transferred in Chapter 61.
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This Single-Family in Sturbridge, MA recently sold for $580,000. This Contemporary style home was sold by Office Sullivan - Sullivan & Company Real Estate, INC.


22 Birch St, Sturbridge, MA 01566

Single-Family

$599,900
Price
$580,000
Sale Price

9
Rooms
5
Beds
3/1
Full/Half Baths
Make vacation last all year long on this 3500 sq.ft., 5 bedroom home on Cedar Lake. Room for overnight guests or an in-law option in the finished lower level complete with great room, private bedroom & bath with direct access to the lake. The main level is a true open living space with large picture windows and doors to bring the waterfront views to every room. Custom kitchen with cherry cabinets, and granite countertops, and hardwood floors, fireplaced living area, and formal dining room. First-floor master suite includes a full bath with spa tub, walk-in closet, and a private waterfront deck. Three bedrooms are located on the second floor with a full bath. An outside patio with wet bar, deck and screened in porch make this house truly an entertainer's delight. Home sits on a double 1/4 acre lot with nearly 100' of water frontage and boat launch access on the fully recreational Cedar Lake. A rare find on any Sturbridge lake. Virtual 3-D tour and drone video attached to listing.

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