The average rate for a 30-year mortgage is at historic lows as of the date of this real estate blog post. If you’re paying over 0.5 percent above 3.55% you may want to consider refinancing your Boston condo mortgage. Alternatively, you should consider switching to a 15-year note, costing you far less in interest over time.
Boston Real Estate Refi Delays
The rush to refinance Boston real estate at these rates has created a bottleneck, so you’ll have to wait patiently for your turn.
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Ford Realty – Boston Real Estate Google Reviews 2019 & 2020
Source: Boston Globe