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Mortgage rates in Boston, Massachusetts

By Mitch Strohm · Bankrate.com
Thursday, October 1, 2015
Posted: 6 am ET

Mortgage rates in Boston were mixed this week. Meanwhile, Boston was the only major eastern city to see positive home price gains in July.

This week's rates

The benchmark 30-year fixed-rate mortgage in Boston rose to 4.01% from 4%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.26 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.01%.

Boston home prices

Home prices in Boston are on the rise. In July, home prices in the Hub rose 4.3% year over year, according to the latest Standard & Poor's/Case-Shiller home-price index.

Out of the 20 major cities that the index measures, Boston was the only eastern city to see a positive gain during July, notes the report.

From June to July, the Hub saw a 1.1% increase in home prices.

More rates

The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, fell to 3.98% from 3.99%. The benchmark 15-year fixed-rate mortgage remained at 3.12%. The benchmark 5/1 adjustable-rate mortgage remained at 3.11%.

Weekly mortgage survey

Results from Bankrate's Sept. 30 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: 4.01% 3.12% 3.11% 3.98%
Change from last week: +0.01 N/C N/C -0.01
Monthly payment: $788.69 $1,149.01 $705.47 $2,218.19
Change from last week: +$0.95 N/C N/C -$2.68
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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

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