Holden Lewis of Bankrate.com does a simple analysis and concludes that interest rates, already up at least a quarter of a point since the beginning of this year (just three short months) have more room to grow.

He looks at the 10-year treasury bill (bond?) (note?) and sees that it has increased .5%, from 4.37% to 4.87%, since January 1st, but that the survey of Bankrate’s lenders found rates have increased only .17%, from 6.27% to 6.44%. He deduces from this that mortgage loan rates are still below where they should be, logically.

Sounds good enough for me.

More details: Mortgage Matters – By Holden Lewis, Bankrate.com

Contact me to find to set up an appointment to start your Boston condo buying process.

Boston condos

Boston condos for sale

SEARCH BOSTON CONDOS FOR SALE

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Comments

comments

Call Now