FOR IMMEDIATE RELEASE: Your Boston Real Estate Update
Hi neighbors! Many of you have been wondering when the Fed will cut interest rates and ultimately cause mortgages to drop. The FED met this week and and I wanted to share what it means for the Boston real estate market.
Bottom line: The Federal Reserve has decided to keep interest rates steady for now. You can read the full article on CNBC’s site here
Here’s what that means for you:
- No Immediate Change in Mortgage Rates: If you’re currently house hunting, expect mortgage rates to remain around their current levels.
- Future Cuts Still on the Table: The Fed is still signaling that we may see two rate cuts later this year. This could mean lower borrowing costs for you down the line.
- A “Wait-and-See” Approach: The Fed is keeping a close eye on the economy and inflation before making any moves. They want to see how things play out, especially with potential tariffs.
What this means for the Boston market:
The Boston real estate market remains competitive. Stable rates for now, with the possibility of a drop later this year, could mean a busy summer and fall for home buying and selling.
My advice:
- For Buyers: If you’re looking to buy, now is a good time to get pre-approved for a mortgage. This will put you in a strong position to act when you find the right home.
- For Sellers: With a strong market, it’s a great time to think about selling. I can provide a free market analysis of your home’s current value.
I’m always here to answer your real estate questions. Send me a message or give me a call!
#BostonRealEstate #FedDecision #MortgageRates #BostonHomes #RealtorLife
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Consult with qualified professionals before making any financial decisions.
Michael Mahoney
617-615-9435
mike@mmahoney.com
www.HomesinBostonMass.com
MA. License #9051300
Real Broker LLC License #423031
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- Who: Michael Mahoney, full-time Realtor.
- Where: Greater Boston (Norfolk & Suffolk Counties).
- Experience: 20+ years in home ownership, wealth building & investment.
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I work in all price points. The majority of my business is repeat clients and the referral of clients from all over Eastern Massachusetts.
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