The best stimulus for Boston real estate owners: Low mortgage rates
Boston Real Estate in 2025
The best stimulus for Boston real estate owners: Low mortgage rates
Low mortgage rates not only helps Boston condo for sale buyers, but it also increases Boston condo for sale inventory, a more Boston condo owners are stimulated too put their property on the market.
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South Boston Condos 60% buyer rebates
We provide 60% rebates on our sales commission to you the buyer. Use our rebates for closing costs, or furniture. I’ll even buy you a beer after the closing. Call Ford Realty at 617-595–3712. You can also text us at that number 24/7
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Why are you paying 4% perhaps 5% or even 6% Boston condo broker fees? You should only pay 2% fees to sell a South Boston condo.
The best stimulus for Boston real estate owners: Low mortgage rates
Mortgage rates fall below 5% — for the first time since April
The 30-year fixed-rate mortgage (FRM) averaged 4.99% as of August. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.
Still, it’s high compared to one year ago when the 30-year FRM averaged just 2.77%.
“Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth,” said Sam Khater, Freddie Mac’s Chief Economist.
Commenting on the sudden fluctuation, Freddie Mac Chief Economist Sam Khater said that mortgage rates have remained volatile amidst an economic slowdown. “The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable,” he said. “Especially as the Federal Reserve attempts to navigate the current economic environment.”
On June 27, the Fed raised interest rates by 0.75% for the second time this summer.
Like the 30-year, the 15-year FRM also declined, averaging 4.26% on Aug. 4. That’s a week-over-week decline of 0.6% and a year-over-year increase of 2.16%.
Updated: Boston Real Estate 2025
Mortgage interest rates are now at record lows. Some downtown Boston condo owners have managed to refinance. Refinancing can mean lower monthly payments. For those who are facing unemployment now or could be in the future, this is the best time to refinance.
Lower interest rates will provide a little relief for homebuyers who will be experiencing high prices and a strong seller’s market in 2021.
The rates in the chart are averages from FreddieMac and are available to people who have great credit scores and incomes that afford mortgage payments.
Boston real estate mortgage rates 2021
At one point I thought Boston real estate mortgage interest rates would not go below 3%. I am very happy to be wrong about this.
Boston Real Estate in 2025
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