The 30 year fixed mortgage rate rose to its highest level in two years. The Feds multi stimulus programs which have kept lending rates low to help stimulate businesses and homeowners alike to borrow money for purchases and for improvements have slowly come to an end. The policy has kept Boston mortgage rates at record lows for most of the past 5 or so years.
mort1Mortgage rates have gone up more than 36% since May when the 30 year rate was at 3.35%.

“If you were considering buying a home, rates aren’t going to get much better any time soon” said Erin Lantz, director of mortgages at Seattle based “Buying sooner rather than later makes good sense.”

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About Maxwell

MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google