Current Mortgage Rates

Freddie Mac Primary Mortgage Survey May 21 2020
Freddie Mac Primary Mortgage Survey May 21 2020

For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic. As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago. Going forward, mortgage rates have room to decline as mortgage spreads remain elevated.

With rates this low and bidding wars, now may be the time to upgrade.  The inventory in Boston is moving despite the pandemic.

If you are considering a move or want to know what kind of equity you have in your home now, check out www.YourEquityFinder.com to get a snapshot of what your property may yield.

See How Much Your Place is Worth @ YourEquityfinder.com

About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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