We have enjoyed our historically lowest mortgage rates for some time and after seeing a small spike in the interest rate, now we’re seeing fluctuations in both directions. I became curious as to why? Whether its temporary spikes from some optimism in certain economic sectors or  downturns due to the government shut down? Although no one can accurate predict the future, a number of mortgage forecasts for 2019 based on expert opinions and close observation of the market indicate the mortgage rates are only going up in 2019.  Now the rates are slightly over $4.2%.  The bad news is that this is could be the new low for mortgage rates for coming years.  The glory day of 3.3%-3.5% mortgage rates for fixed 30 year term appears to over.

Just to put things in a perspective, look at below graphs.  This is where we have been with mortgage rates.  It has been unprecedentedly low.

What does this mean for Boston condos for sale in 2019?

This new and continuing rates hike will decrease the Boston condo for sale demand.  This could slow Boston condo for sale price hikes but according to some Boston economist, the prices are still expected to increase somewhat still in the next couple of years in downtown Boston  Low supply will not magically turn upside down although we do see some more construction of town homes in various suburbs.  You may not see bidding wars like we have seen like in 2015 and 2016.

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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