Are condominium rates about to plunge? Within 6 months, home mortgage charges are increasing in percents. In January, home loan fees were 3 p.c and currently it be larger than 6 p.c. The warm housing market is cooling off, with prices boiling down from 5 to 10 p.c in some places. It is additionally approximated that 25 p.c of residences in the industry have decrease abet their rates.