Rates Blog

Finance Blogs » Rates Blog » Mortgage rates in Boston, Massachusetts

Mortgage rates in Boston, Massachusetts

By Mitch Strohm · Bankrate.com
Thursday, May 19, 2016
Posted: 7 am ET

Mortgage rates in Boston were mixed this week. Meanwhile, a new study found that town houses are a better buy in Beacon Hill.

This week's rates

The benchmark 30-year fixed-rate mortgage in Boston rose to 3.78% from 3.76%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.16 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.76%.

Beacon Hill: Town houses vs. condos

If you're in the market to buy a town house or condo in the Beacon Hill neighborhood of Boston, you'll get a better deal with a town house.

According to real estate research site NeighborhoodX, the average asking price for a Beacon-Hill town house was $1,240 in May, while the average asking price for a condo was $1,423.

More rates

The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, fell to 3.81% from 3.82%. The benchmark 15-year fixed-rate mortgage remained at 2.88%. The benchmark 5/1 adjustable-rate mortgage remained at 3.28%.

Weekly mortgage survey

Results from Bankrate's May 18 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $465,750 in Boston.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 3.78% 2.88% 3.28% 3.81%
Change from last week: +0.02 N/C N/C -0.01
Monthly payment: $766.95 $1,129.96 $720.81 $2,172.85
Change from last week: +$1.88 N/C N/C -$2.65
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
1 Comment
June 16, 2014 at 4:31 pm


Could you do a mortgage for a J1 Visa holder (status valid for the next 3y)


Sebastien Talbot. PhD
Harvard Medical School
300 Longwood Ave, Boston, Ma, 02119

Add a comment

(Comments may take 5-10 minutes to appear)