Boston Real Estate & Some Highlights:
- With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
- According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
- The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
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How Interest Rates Affect affordability of Beacon Hill condos
When I first sit down with a client interested in purchasing a Beacon Hill condo for sale, we always have to address the issue of affordability. After all…no matter what you like in terms of personal preferences…the value of Beacon Hill Condos will always be tied to it’s affordability. For the last year and a half…interest rates have been artificially low in the mid to low 3% range. Currently, the interest rates have “jumped” up a bit and are now in the mid-high 4% range. Many of our lending partners are calling the high end of 4% interest rates the “new normal”. They and other experts expect the rates to continue in rise thorough 2019 for quite some time now in order for the housing market to continue to support national economic growth.
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Perform a simple search to find 60 Beacon Hill apartments for rent on this website. Some will discount broker fees. Discover the best apartments for rent that are available now
Continue reading to learn more about Beacon Hill apartments for rent and to discover if it’s a good fit for you and your family or roommates.
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