Mortgage rates in Boston were mixed this week. Meanwhile, home prices rose in Boston.
This week's rates
The benchmark 30-year fixed-rate mortgage in Boston fell to 4.05 percent from 4.1 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.24 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4 percent.
Home prices move up in Boston
Boston home prices jumped up by 4.6 percent in March from the year prior, according to the latest Standard & Poor/Case-Shiller Home Price Index.
That increase is slightly above the national increase of 4.1 percent.
Month over month, Boston saw an increase of 0.4 percent in March, better than it's negative 0.2 increase from January to February, according to the report.
The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, fell to 4.07 percent from 4.1 percent. The benchmark 15-year fixed-rate mortgage rose 3.16 percent from 3.15 percent. The benchmark 5/1 adjustable-rate mortgage remained at 3.14 percent.
Weekly mortgage survey
|Results from Bankrate's May 27 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:||4.05%||3.16%||3.14%||4.07%|
|Change from last week:||-0.05||+0.01||N/C||-0.03|
|Change from last week:||-$4.76||+$0.80||N/C||-$8.08|