Boston condo for sale mortgage rates Winter

Boston Condos for Sale and apartments for rent in 2025

Boston condo for sale mortgage rates Winter

Mortgage rates are currently rising. According to Zillow, the 30-year fixed mortgage rate is up two basis points to 6.74%, and the 15-year fixed mortgage rate has increased by five basis points to 6.03%.

Boston condo for sale mortgage rates Winter

Mortgage rates rose today by about as much as the Fed lowered – just like last time!

If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence.  Perhaps “great” is the wrong word.  There was nothing great about the mortgage rate movement following today’s Fed rate cut.

The average lender is at least 0.20% higher than earlier this morning.  Lenders are still in the process of adjusting their rate sheets, so the total damage could vary slightly by the time we’re able to run the full numbers.

Either way, the top tier conventional 30yr fixed rate will easily be back over 7% for the average lender.

What gives?

Read full article here:

https://www.mortgagenewsdaily.com/markets/mortgage-rates-12182024

Boston condo for sale mortgage rates Fall/Winter