Now is the Best Time to Make a Home Purchase
October 2020 Closed Sales Report from Massachusetts Association of Realtors

Mortgage Rates Reach Another Record Low

Mortgage Rates Reach Another Record Low

December 3, 2020

Despite persistently low mortgage rates, home sales have hit a wall. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. Unfortunately, the record low supply combined with strong demand means home prices are rapidly escalating and eroding the benefits of the low mortgage rate environment.

Pmms

Michael Mahoney
Boston area RealtorĀ®
Affiliated with Century 21
MA. Lic.#9051300
Corp. Lic.#10046
{c}617-615-9435
{e}mike@mmahoney.com
{w}www.RealtorMikeMahoney.com


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