Updated Feb 2020:

Boston real estate and interest rates

Wow! Check out the 2nd chart below. When I bought my first Boston condo rates were near 9%, today there are at 3.25%. What does that mean to you as a Boston condo buyer? Because your rates today are so low you can buy a larger more expensive Boston high rise condo with the same monthly payment.

Boston condos for sale

Boston real estate for sale

Mortgage Amount
30-Yr Rate
Monthly Payment
$540,000
9.0%
$4,345
$688,000
6.5%
$4,349
$810,000
5.0%
$4,348
$885,000
4.25%
$4,354
$1,000,000
3.25%
$4,352

 

The Cost Across Time [INFOGRAPHIC] | Simplifying The Market

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Even with the projections interest rates will increase slighly in the next 12 months, we are stil well below the historic levels.

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Ford Realty – Boston Real Estate Google Reviews 2019 and 2020

Contact me to find out more about Boston condos for sale or to set up an appointment to see it.

John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)

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