Here is the weekly chart from FreddieMac mortgage rate survey. Not only is it a good time to buy a Boston condo for sale it is also a great time to refinance. It is best to refinance before a job change or layoff. . . which is why I mention it today. A few months ago I had predicted that mortgage rates would not go below 3%. I am happy to be wrong about that.
Rates have remained stable for the last several months.
Access to credit remains tight with bad credit
Access to credit remains tight with those with bad credit, but it is also true that thousands of mortgage loans are being approved in the US, every single day.
If you are considering a purchase of a Beacon Hill home or condominium, it is in your best interest to have a trusted mortgage professional by your side, in order to get your loan approved and closed at the best possible rates and with the most favorable terms.