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Boston condos for sale: Rates went down slightly

When the Federal Reserve raises the prime rates which are not the same thing as mortgage rates. The prime rate is the lowest rate at that money can be borrowed commercially and it does affect interest rates.

Generally speaking small variations in mortgage interest rates don’t have much of an impact on the housing market. Large variations do have an impact. Right now fewer people can afford to buy a condo. Home prices are still rising but will eventually flatten out and then decline.

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