Boston condo brokers Thoughts on mortgage rates for condos

Boston Condos for Sale and Apartments for Rent

Boston condo brokers Thoughts on mortgage rates for condos

June 7,2025: Mortgage rates are unchanged today. These days, it’s good news when they don’t move higher. According to Zillow, today’s 30-year fixed mortgage rate remained at 6.73%, and the 15-year fixed rate held steady at 5.95%.

With so much competition and virtually very little Boston condo buyer activity, lowering the price might not do anything. But if you’re the first Boston condo seller to start lowering your price, others will have to follow, then the price war is on… and the first one will win out.

Boston condo sellers not used to seeing that, or having to deal with it!

At this point, everyone is just hoping for a lucky sale.

Updated: Boston Real Estate Blog 2025

Peace be with you

Boston condo brokers thoughts on mortgage rates for condos

Boston condo for sale mortgage rates are going to be sticky.

A good solution for Boston condominium buyers is to do a 2/1 buydown on their rate today. They get the benefit of lower-than-market rates for the next year or two while waiting to refinance once rates drop – and if they don’t drop, at least you get the 5.99%