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Boston condo 30 year mortgage rate hits 20 year high

More bad new for Boston condo buyers, 30 year mortgage hits 320 year high.

In the video below, CNBC’s Diana Olick joins ‘Power Lunch’ to discuss mortgage rates hitting new record levels, and drops in mortgage availably due to increased fear of delinquency.

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What are Boston condo mortgage rates right now?

On Tuesday, October 11, 2022, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the average 30-year fixed mortgage rate is 7.050% with an APR of 7.060%. The average 15-year fixed mortgage rate is 6.240% with an APR of 6.280%.

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