Just as we expected, 2016 is shaping up to be a great year for real estate in Boston, MA. If you have been casually browsing the online listings and aren’t quite sure if you should jump in, NOW is a great time! There is no shortage of homes in Boston, MA so don’t hesitate.Experts previously stated that rates were expected to go up gradually over the course of 2016. Those higher rates push up borrowing costs and monthly mortgage payments for Boston, MA homebuyers. However, shaky economic news and a volatile stock market have actually caused rates to stay low and are currently at 3.72%.
Mortgage experts have weighed in and agree – rates will likely increase later in 2016. The only thing we know for sure is that, according to Freddie Mac, recent rates are the best they have been since last April.
Bottom Line
If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage and therefore reduce your borrowing costs and monthly mortgage payments.There are so many incredible benefits of homeownership, both financially and personally. If you are considering buying a home in Boston, MA, but aren’t sure if homeownership is for you, let me fill you in on all the financial perks to owning! Contact a Boston, MA real estate agent today!
Lucas
Garofalo
Keller
Williams Realty
(617)
861-3631
Lucas@LucasBostonHomes.com
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