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Mortgage rates in Boston, Massachusetts

By Clare Mallen · Bankrate.com
Wednesday, November 26, 2014
Posted: 12 pm ET

Mortgage rates in Boston mostly fell this week. Meanwhile, home price gains are slowing in the area.

This week's rates

The benchmark 30-year fixed-rate mortgage in Boston fell to 4.06 percent from 4.09 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.25 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.08 percent.

Home-price gains slow in Boston

Home price gains are slowing in Boston. Home prices in Boston fell by 0.1 percent in September from August, according to the latest Standard & Poor's/Case-Shiller Home Price Index.

Year over year, home prices rose by 4.5 percent. But that's still below the national average increase of 4.8 percent, according to the report.

More rates

The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, remained at 4.16 percent. The benchmark 15-year fixed-rate mortgage fell to 3.27 percent from 3.31 percent. The benchmark 5/1 adjustable-rate mortgage remained at 3.12 percent.

Weekly mortgage survey

Results from Bankrate's Nov. 25 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: 4.06% 3.27% 3.12% 4.16%
Change from last week: -$2.86 -$3.21 N/C N/C
Monthly payment: $793.45 $1,161.01 $706.37 $2,266.74
Change from last week: -$2.86 -$3.21 N/C N/C
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1 Comment
sebastien
June 16, 2014 at 4:31 pm

Dear,

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

Regards,

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

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