“Marry the house, date the rate.” That truism is so present with Boston condo buyer circles, who have now heard the pitch from more than one prospective Boston condo agent.
But like any cliché, it carries a hint of truth — unlike your Boston condo, you can always refinance your mortgage in a few years if rates go down. This nugget is so prominent right now because, as spring buying season heats up in downtown Boston, rates are the primary deciding factor for most Boston condo buyers and sellers.
Agents and the industry are quick to say that conditions this year are not as bad as people (the media) are making them seem. Boston brokers are busy, and the market is moving at a much healthier pace than the media makes it.