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Mortgage rates in Boston, Massachusetts

By Mitch Strohm · Bankrate.com
Thursday, June 23, 2016
Posted: 7 am ET

Mortgage rates in Boston rose this week. Meanwhile, Boston was named as the 2nd best city for millennials.

This week's rates

The benchmark 30-year fixed-rate mortgage in Boston rose to 3.75% from 3.66%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.16 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.73%.

Boston is the 2nd best city for millennials

According to a new report from apartment search site Adobo, Boston is the 2nd best city for millennials, behind Philadelphia.

It ranks high for qualities like a thriving job market, parks and hiking trails, as well as lots of local restaurants.

Of course, rent isn't exactly affordable in the city, nor are home prices -- some of the most important qualities for millennials. Yet its other qualities push it to the top of the rankings.

More rates

The benchmark 30-year jumbo mortgages, for loans of $465,750 and up, rose to 3.81% from 3.78%. The benchmark 15-year fixed-rate mortgage rose to 2.90% from 2.85%. The benchmark 5/1 adjustable-rate mortgage rose to 3.21% from 3.18%.

Weekly mortgage survey

Results from Bankrate's June 22 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: 3.75% 2.90% 3.21% 3.81%
Change from last week: +0.09 +0.05 +0.03 +0.03
Monthly payment: $764.14 $1,131.54 $714.47 $2,172.85
Change from last week: +$8.45 +$3.96 +$2.71 +$7.97
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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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