Mortgage Rates

While mortgage rates surged to over 4% in the wake of the presidential election, it’s worth remembering that they are still close to historic lows and at the same level that they were at the start of 2016. The falling rates helped boost sales for much of the year, and most experts say that higher rates at this stage will not fully disrupt the trend, although they might cause some existing homeowners to stay in place rather than upgrade to new homes and costlier mortgages. Boston’s real estate market in particular, with its large pool of high-income buyers, strong demand, and tight inventory, often doesn’t move in sync with other markets around the country and likely will not be affected. 

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