More Boston condo mortgage rate hikes coming?
More Boston condo mortgage rate hikes coming?
The Federal Reserve hiked interest rates by another 0.25 percentage points Wednesday, a modest bump that pushed rates above 5 percent for the first time since 2007.
But Fed Chair Jerome Powell implied that the central bank could take a break from its year-long string of rate increases at its next meeting. That reprieve could offer commercial real estate investors the clarity needed to close on deals stymied by uncertainty in recent months.
Rather, he clarified that language used by the Federal Reserve Committee in March that “some additional policy affirming may be appropriate” — a reference to more rate hikes — was excluded from Wednesday’s statement.
Source: The Real Deal
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The fight against inflation continues to the detriment of Boston condo buyers as condo mortgage interest rates continue to rise.
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