Demand for Home Loans Soars in Greater Boston Despite Rising Mortgage Rates

Despite mortgage rates rising above 7% for the first time this year, demand for home loans is increasing in Greater Boston. This is largely due to the area’s supply-demand dynamic, with limited inventory making it difficult for buyers to find homes they like. The lack of affordable housing combined with rising interest rates is prompting buyers to consider alternative options such as adjustable-rate mortgages and refinancing.

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