You new Boston condo buyer have it so easy.

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Boston Condos for Sale and Apartments for Rent

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You new Boston condo buyer have it so easy.

The graph below tracks mortgage interest rates from the 1980’s to the present day.

After mortgage rates went to 6% again yesterday, some think that this will cause a major Boston condo crash. I feel very confident the Boston condo market won’t have a melt down.  You can see why – rates have been dropping for a generation; for them to now go up from 3% to 6% in a few months is unprecedented for today’s Boston condo buyers. But historically speaking, you have it much better than your parents.

fredgraph

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