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.