Boston condo interest rates vs inflation
Condos for Sale and Apartments for Rent
Boston condo interest rates vs inflation
Interest rates are in the news again because they went up and so did mortgage interest rates as the Fed’s continues to fight inflation. Boston condo interest rates are in the news again because they went up and so did mortgage rates. I think unless Boston condo mortgage rates trend downward, it can be a tough 2023.
I can’t see myself borrowing money to buy a large purchase anytime soon, and I definitely wouldn’t use one of my credit cards for anything that I could not pay for in the next 30 days or so. As for Boston condos for sale, I suppose if it’s less than what I was paying for apartment rent I could see someone buying one. If not I would wait until rates go below 6% but 5.5% would be much better.
If you look at the chart below, it shows that rates were recently higher. They were over 7% last November.
Higher interest rates are driving up Boston condo for sale costs when housing is already unaffordable for many. This might be a good time for consumers to put a hold on any discretionary spending, so you can save up for a Boston condo for sale.
