SynbiosVyse t1_ix1oyyu wrote on November 20, 2022 at 1:40 AM

Reply to comment by RunFarSkiHard in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus

You mean locked in below 3%? I've heard of some crazy low rates but I haven't heard anyone UNDER 2%. Maybe if they have something like an ARM or 15 year but even then I haven't seen that.

RunFarSkiHard t1_ix1pj68 wrote on November 20, 2022 at 1:45 AM

Oh yeah. I have one friend locked in at 2.4% and another locked in at 1.8%. It hurts my soul thinking about it

SynbiosVyse t1_ix1pr1e wrote on November 20, 2022 at 1:46 AM

In order to get 1.8% APR 30 year fixed they would have needed to pay points. The lowest it ever hit was 2.5%. Again, unless they have a balloon payment, ARM, or something weird, but definitely not standard 30 year fix. Or they're lying/misinformed.

bbqturtle t1_ix3avxv wrote on November 20, 2022 at 12:41 PM

I got 2.25 with a jumbo - not sure about below 2 ha

zipykido t1_ix2j5sr wrote on November 20, 2022 at 6:21 AM

Jumbo rates are different from confirming loan rates.

lionhearth21 t1_ix363gz wrote on November 20, 2022 at 11:42 AM

It may be 15 year loan then it would make sense

RunFarSkiHard t1_ix6i9c5 wrote on November 21, 2022 at 2:52 AM

I know it's fixed and I do believe them. Maybe they bought points though, I never asked that. I just heard 1.8 and was too sad to continue the conversation haha