Mortgage rates in Boston were mixed this week. And the price of a prime parking space in the Hub is now well into six digits -- or the price of a nice home in many areas of the country.
This week's rates
The benchmark 30-year fixed-rate mortgage in Boston fell to 4.21 percent from 4.28 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.19 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.16 percent.
Boston parking spaces as pricey as a home
Parking spaces are prime real estate in Boston. In fact, someone just paid $560,000 for tandem parking spaces outside of 298 Commonwealth Ave., reports Curbed.
Back in 2009, a single parking spot in Boston went for a record $300,000, and that record still holds. But Curbed lists at least nine other parking spaces -- some a pair of parking spaces -- that have gone for over $100,000 in the Hub within the last five years.
The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, rose to 4.32 percent from 4.3 percent. The benchmark 15-year fixed-rate mortgage fell to 3.44 percent from 3.48 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.26 percent from 3.25 percent.
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Weekly mortgage survey
|Results from Bankrate's Oct. 8 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:||4.21%||3.44%||3.26%||4.32%|
|Change from last week:||-0.07||-0.04||+0.01||+0.02|
|Change from last week:||-$6.73||-$3.23||+$0.91||+$5.48|