Are condominium prices about to plummet? Within six months, mortgage charges are doubling in percentages. In January, mortgage charges were 3 p.c and now it be bigger than 6 p.c. The hot housing market is cooling off, with prices coming down from 5 to 10 p.c in some locations. It is furthermore estimated that 25 p.c of homes in the marketplace contain reduce abet their prices.