Mortgage rates in Boston fell this week. And one of Boston's suburbs took the top spot on Boston Business Journal's list of the most affluent towns in the state.
This week's rates
The benchmark 30-year fixed-rate mortgage in Boston fell to 4.07% from 4.09%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.3 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.
The most affluent towns in Massachusetts
The Boston suburb of Dover is at the top of the Boston Business Journal's list of the most affluent suburbs in Massachusetts.
The Journal ranked cities based on more than just home prices. "Affluence" includes 12 different metrics including per capita income, median home value and education levels.
Wellesley, another town in the Greater Boston area, took the No. 2 spot.
The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, fell to 4.05% from 4.06%. The benchmark 15-year fixed-rate mortgage fell to 3.21% from 3.26%. The benchmark 5/1 adjustable-rate mortgage fell to 3.29% from 3.31%.
Weekly mortgage survey
|Results from Bankrate's Nov. 24 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:||4.07%||3.21%||3.29%||4.05%|
|Change from last week:||-0.02||-0.05||-0.02||-0.01|
|Change from last week:||-$1.91||-$4||-$1.81||-$2.69|