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Mortgage rates in Boston, Massachusetts

By Clare Mallen · Bankrate.com
Thursday, December 11, 2014
Posted: 12 pm ET

Mortgage rates in Boston mostly rose this week. And the Hub was named the most costly city worldwide for booking a place to stay through Airbnb.  

This week's rates

The benchmark 30-year fixed-rate mortgage in Boston remained at 4.03 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.22 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.03 percent.

Airbnb is expensive in Boston

At an average of $274 per night, Boston is the costliest city on the globe for booking a place to stay through Airbnb, according to GoEuro's newest Accommodation Price Index. The travel site measured the data of over 40,000 properties in 150 different cities to come up with the rankings.

While rents in the Hub are naturally high, they are also driven up by demand from colleges in the area, according to GoEuro.

Cancun and New York were right behind Boston on GoEuro's Airbnb Price Index.

More rates

The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, rose to 4.13 percent from 4.1 percent. The benchmark 15-year fixed-rate mortgage rose to 3.28 percent from 3.24 percent. The benchmark 5/1 adjustable-rate mortgage rose to 3.21 percent from 3.14 percent.

 

Weekly mortgage survey

Results from Bankrate's Dec. 10 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: 4.03% 3.28% 3.21% 4.13%
Change from last week: N/C +0.04 +0.07 +0.03
Monthly payment: $790.59 $1,161.81 $714.47 $2,258.61
Change from last week: N/C +$3.21 +$6.34 +$8.13
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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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