Boston Condos for Sale and Apartments for Rent

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Mortgage demand dips as rates hit 6%

CNBC’s Diana Olick joins ‘Power Lunch’ to discuss dips in mortgage demand after the weekly average on 30-year fixed rate loan surpasses 6% for the first time since 2008.

Boston condos

My Boston condo thoughts

I just spoke to a Boston condo mortgage broker, he told me he is seeing a drop off on Boston condo mortgage applications. The sales data thus far has been steady, so Boston condo buyers, I don’t see any major price discounts in the near future.

All indications is that the Federal Reserve isn’t done raising rates yet. More pain to come.

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Boston condos