In the video below experts look at what woul happenif interest rates go up in 2021
How interest rate hike can impact Boston condos for sale
Hikes in mortgage interest rates could mean less home for the same mortgage payment for Boston downtown condo buyers.
Boston Real Estate and the Bottom Line
If a mortgage rate becomes a reality, “many homebuyers in 2021 will need to reset their price points, with some making concessions about where they’re willing to live or how much space they want,” Zillow says. “Buyers being pushed toward less expensive segments of the market where inventory is also the tightest could, in turn, push prices more quickly upward, making those homes less affordable.”
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