Boston condominium buyers should consider a 2/1 buydown to secure lower-than-market mortgage rates for the initial years, providing a potential strategy amidst sticky overall rates.
This strategy allows buyers to enjoy lower rates for the first two years, and if market rates decrease, they can refinance for even better terms.
In the event that rates do not drop, buyers can still benefit from a competitive 5.99% rate, which reflects a good compromise under current circumstances.
Overall, the 2/1 buydown option provides flexibility and potentially advantageous conditions for buyers navigating the current mortgage landscape in Boston.
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