Boston condo sales jumped to their highest first-quarter total in 16 years, according to a recent Douglas Elliman Downtown Boston market report. Sales jumped 18% year over year in the first quarter to 637, the highest first-quarter total since 2006. The average square foot of a sale declined for the fourth straight quarter to 1,132 square […]
30 Year Fixed Mortgage Rate Drops to 2.849%
On Tuesday, May 4th, 2021, the average APR on a 30-year fixed-rate mortgage fell 1 basis point to 2.849%. The average APR on a 15-year fixed-rate mortgage fell 1 basis point to 2.169% and the average APR for a 5/1 adjustable-rate mortgage (ARM) fell 4 basis points to 3.079%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate […]
Mortgage rates move down to 3.04%
The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the demand side and on the supply side, a variety of goods and […]
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