Boston Condos for Sale and Apartments for Rent

Loading...

As of Friday, September 16, 2022, current rates in Massachusetts are 6.03% for a 30-year fixed and 5.31% for a 15-year fixed.

Where are Boston condo mortgage rates?

The average long-term U.S. mortgage rates rose this week for Boston condo buyers, as inflation worries remained at the forefront.

Boston Condo Buyers 30-year Mortgage

For Boston condo buyers the 30-year mortgage rate increased to 5.55% from 5.13% last week. Last year at this time, the rate stood at 2.87%.

Boston Condo 15-year Mortgage

The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their Boston home, jumped to 4.85% from 4.55% last week.

Rapidly rising interest rates — which add hundreds of dollars to monthly mortgage payments — have pushed many potential Boston property buyers to the sideline this year, cooling the once red-hot housing market both locally and nationally.

The National Association of Realtors

The National Association of Realtors said last week that existing home sales fell for the sixth consecutive month in July, slowed by higher mortgage rates and home prices that are still steadily rising, though at a slower pace.

Click Here to view: Google Ford Realty Inc Reviews

Boston condos
Boston condos