ResiClub | 73% of U.S. mortgage borrowers currently have an interest rate below 5.0%

    Interest Rates | Mortgagges | Refinance | ResiClub

    — Boston Multifamily Real Estate Investment and Development. The premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Jan 9, 2025

    Before borrowing costs surged, a remarkable 85.5% of U.S. mortgage borrowers had interest rates below 5.0% in Q1 2022.

    However, as mortgage rates remain “higher for longer,” that share continues to shrink. Most new borrowers are now predominantly taking out loans with rates with a 6-handle or 7-handle.

    Indeed, according to newly released third-quarter data from the FHFA, 73.3% of U.S. mortgage borrowers currently have interest rates below 5.0%. This marks a 12.2 percentage-point decline from the historic Q1 2022 level (85.5%).

    Boston Multifamily Provides Professional Multi-Family Apartment Marketing and Brokering Services

    We specialize in representing buyers and sellers of multi-family and mixed-use properties and buildable land throughout the Metro Boston area, providing effective strategies to maximize asset values for both private capital and institutional investors.

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    Boston Multifamily

    Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Phone

    (617) 678-0246

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