Link to Market News Daily: https://www.mortgagenewsdaily.com/markets/mortgage-rates-04212023
Inventory: Currently, there is a shortage of available properties on the market in Boston, leading to increased competition and bidding wars among potential buyers.
Mortgage rates: News articles have reported that mortgage rates are currently super volatile, which may encourage more or less people to enter the housing market. However, it's important to keep in mind that rates will continue fluctuate and it's best to consult with a mortgage professional to determine the best rate and loan option for your individual circumstances.
Offers and offer deadlines: In this competitive market, it's important for buyers to be prepared to make strong offers quickly. Some sellers may set offer deadlines to encourage buyers to act fast and make their best offer upfront. It's important to work with a real estate agent who can advise you on how to make a competitive offer while still staying within your budget.
Overall, it's a challenging market for buyers due to low inventory, but with the right preparation and guidance from a real estate professional, it's still possible to find and secure a home in Boston.
