There is more incentive than ever for you to contact your Boston Luxe Realtor and talk about buying a new single family home, condo or town home. The average rates on fixed mortgages fell again to record lows. The rates are the lowest since the long term mortgages started in the 1950s. 30 yr mortgage rates fell to 3.53%, 15 yr mortgage rates fell to 2.83%. The continuing decline in fixed mortgage rates have certainly contributed to the rising sales of homes throughout Massachusetts in the last months.
Home prices are also beginning to rise slightly in most areas and builders are beginning to start many new home projects that were put on hold for several years. Sales of condos and town homes are booming across the country and especially in Boston’s neighborhoods.