If your goal in 2016 is to buy a home in the Greater Boston Real Estate market, you'll need to keep this info in mind:
- The Federal Reserve increase in interest rates was a very eager .25% and has had little to no effect on mortgage rates. Current rates are hovering near the same values as those we saw at times last year. The current thirty year fixed rate is at 4.11%, the current 15 year fixed rate is at 3.38%.* It is not anticipated that the rates will increase greatly over the first half of the year so the Fed increase should not substantially effect a buyer’s ability to qualify for a mortgage in the near future when buying a home in MA.