The cost of buying a Boston condo.
Thing about buying a Boston condo? If so, you may want to consider buying now as opposed to waiting much longer. The reason? Freddie MAs has made predictions that principle and interest on a 30 year mortgage will rise from the current 4.2% to 5.2% in the next 12 months. In addition, several agencies are predicting that home prices will appreciated by 4%. So, what does this mean for you? The info-graphic below shows you how much it will cost you on monthly payments with principle/interest and PMI.
Buying a Boston condo, why waiting can cost you.
Source: Freddie Mac
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Updated: January 2018