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Mortgage Rates Fall Below 4 Percent for the First Time

For the first time in America’s history, the average rate of a 30-year fixed mortgage dropped to just under 4 percent. The rate on 15-year fixed loans also dropped to a record 3.26 percent. These exceptionally low levels provide an excellent opportunity for consumers with previously high interest rates such as rates between five and eight percent and for first-time buyers looking to buy.

However, home buyers need to capitalize on these favorable circumstances in order to jump-start the housing market.  There has never been a better time to buy in Boston. Check out Boston lofts and other buying opportunities in Boston and the surrounding areas on our website.  We have several availabilities in great locations.

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