Good News for Buyers and Sellers |
WASHINGTON-Mortgages are cheaper today than they've been in a half-century
The average rate for a 30-year fixed loan sank to 4.69 percent this week, beating the low set in December and down from 4.75 percent last week, Freddie Mac said Thursday. Rates for 15-year and five-year mortgages also hit lows.
Rates are at their lowest since the mortgage company began keeping records in 1971. The last time they were any cheaper was the 1950s, when most long-term home loans lasted just 20 or 25 years.
Rates have fallen over the past two months as investors have become nervous about Europe's debt crisis and the global economy and have shifted money into safe Treasury bonds. The demand has caused Treasury yields to fall. Mortgage rates track those yields.
Rates on 15-year fixed-rate mortgages fell to an average of 4.13 percent. That was the lowest since at least 1991 and down from 4.2 percent a week earlier.
Rates on five-year adjustable-rate mortgages averaged 3.84 percent, down from 3.89 percent a week earlier. That was also the lowest on Freddie Mac's records, which date to January 2005 for those loans. |
Back Bay Charm | 430 Marlborough St #1 Back Bay
Open House: Sun 1.30-3pm
Sales Price:$ 829,000 Bedrooms:# 2+ Baths:# 2+ Sq.ft:# 1432 PRICE REDUCTION OF $70K- MUST CLOSE BY AUG 31ST FOR TAX PURPOSES.... Parlor dplx with DEEDED DIRECT ACCESS PARKING, priv patio & BBQ area. Located on prestigious Marlboro St within a few blocks of Newbury St, the esplanade, Fenway & public trans. Updated kit and bath's, high ceilings, central A/C, in unit W/D, 3 wood burning fire pl's, HW fl's, bright large master bedroom with en-suite bath, Guest bed with en suite bath, with abundant outfitted closets & storage thru out. |
Stunning Penthouse on the 1st Block of Beacon | 129 Beacon St #4 Back Bay
Sales Price:$1.649,000
Bedrooms:# 3
Baths:#2.5
Sq.ft:# 2169
Gracious sun-filled PH duplex offers 3 full bedrooms, totally renovated with an easily accessible PRIV ROOF DECK with great views. Beautifully finished hd/wd flrs, exposed brick, skylights throughout, and many windows giving tons of natural light with stunning city views, central AC & heat, basement storage, and DEEDED PARKING. Fantastic location btw Arlington and Berkely. Close to Public Gardens, Esplanade, shopping, public transportation and close to highways. Pets allowed!! |
428 Marlborough St #1 Back Bay
Sales Price:$ 1.198,000
Bedrooms:# 3
Baths:# 2.5
Sq.ft:# 1958
Incredibly spacious, renovated duplex w/Old World details incldg soaring ceilings , hdwd fl's thru out and 4 ornate wood & tiled fireplaces. Oak paneled foyer leads to LR with glorious bow window. Formal dining w/ intricate inlaid hwd flr, fp & 4 lg windows -perfect for entertaining. Stylish master bed with great closets, 2nd spacious bed w/fp & huge Cal Closet. 3rd bed perfect for child rm or den. Baths beautifully appointed w/marble & granite, steam shower, Jacuzzi & W/D. Direct access parking |
11 Follen St #2 Back Bay
Sales Price:$ 319,000 Bedrooms:# 1 Baths:#1 Sq.ft:# 404 PERFECTLY SIZED BRIGHT 1 BED IN THE HEART OF THE ST BOTOLPH NEIGHBORHOOD. It's nestled next to parks on a tree lined street where Back Bay and South End meet. Don't let the sq ft fool you, as every inch shows beautifully! This condo is around the corner from green (Pru and Copley) and orange (Back Bay) line T stops, Shaw's, dry cleaners, and S.E. & B.B. restaurants. Exp. brick, ren. kitchen, plus breathtaking city views from the roofdeck, W/D in building, bike storage and extra storage avail. |
58 Cloverdale St #1, Newton Highlands
Sales Price:$ 525,000
Bedrooms:# 2+
Baths:# 1
Sq.ft:# 1440
Fabulous well mntnd charming 2 bed + sunroom + office + finished basement on a quiet road in Newton Highlands. Property features 1 deeded garage +1 off st spce. A large open mod kit with Granite counter opens to the frml dining room with blt-in China cabinet.French doors lead to a new deck.Fireplace in livngrm.Great closets in all rooms, storage galore in the basement. Newer gas furnace, newer windows + other many updates including in the garden.Security system,large yd! . 5 Min to T |
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Lexi Crivon
Vice President
Coldwell Banker
1375 Beacon St
617-796-2447
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