Boston real estate
Today was by far the worst of the bunch when it comes to this most recent spate of volatility.
Most any mortgage lender added another eighth of a percent to their 30yr fixed rate offerings. Over the course of the past week, most lenders are .25-.375% higher. And compared to the beginning of last week, many lenders are a full HALF POINT higher. In other words, what had been 2.75% is now 3.25%. What had been 2.875% is now 3.375%.
Are these high rates in a historical context? Not at all. Before covid, they’d be in line with record lows.
But relative to the recent lows, this rate spike is getting to be about as abrupt as we’ve seen in the past few decades–not quite on par with the worst offenders, but close enough to be in their same league.
http://www.mortgagenewsdaily.com/consumer_rates/968604.aspx
Boston real estate
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Updated: Boston Real Estate 2021
