Boston Real Estate

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Overall, I don’t believe we will see nearly as much volatility in the Boston real estate markets and mortgage pricing as we saw last week.

Unfortunately, this means that there is little chance of recovering all of last week’s spike in mortgage rates. If the stock markets give back some of last week’s rally, we should see mortgage rates close the week lower than tomorrow’s opening levels. With the shellshock of the recent volatility still fresh, it would be wise to maintain contact with your mortgage professional until the market stabilize.

If I were considering financing/refinancing a home, I would….

Lock if my closing was taking place within 7 days…

Float 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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Boston Real Estate

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