What Will Happen with Massachusetts Mortgage Rates in 2021. You guessed it … going up
As Boston condo mortgage rates rise, refinance demands drops 62% year-over-year according to the latest data
Boston Real Estate in 2021
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Boston real estate mortgage rates will go up to 3.4% by the end of 2021
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Overall, it likely will be another active week for mortgage rates. Besides the week’s important economic news, look for the stock markets to be a major influence on trading. It appears we will likely see the most movement in mortgage rates in the latter part of the week unless the stock markets post sizable gains or losses in the first part. With some very important data being posted this week, it would be prudent to be attentive to the markets if still floating an interest rate.
If I were considering financing/refinancing a home, I would….
LOCK if my closing was taking place within 7 days…
LOCK if my closing was taking place between 8 and 20 days…
FLOAT if my closing was taking place between 21 and 60 days…
FlOAT if my closing was taking place over 60 days from now…
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Updated: Boston real estate for sale 2021