Compare Today’s Mortgage Rates in Belmont, Massachusetts 02478
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Belmont, Massachusetts 02478.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Belmont, Massachusetts 02478. For a 30-year fixed loan, our calculations show that you can expect to save up to $134,406 over the lifetime of your mortgage, which translates to a monthly savings of $373 in Belmont and other areas of Middlesex county.
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Summary of Average Mortgages in Belmont, Massachusetts 02478
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Belmont, Massachusetts 02478
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Belmont, MA 02478. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Belmont, Massachusetts 02478 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Belmont, Massachusetts and around Middlesex county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 89.47% | 82.46% | 86.57% | 81.13% | 82.61% | 88.46% | 75.68% | 87.10% | 75.00% |
| avg mortgage rate | 6.88% | 4.78% | 3.24% | 3.62% | 4.51% | 4.70% | 4.11% | 4.00% | 4.09% |
| % 15 year fixed mortgage | 5.26% | 15.79% | 13.43% | 13.21% | 10.87% | 5.77% | 10.81% | 3.23% | 21.88% |
| avg mortgage rate | 5.50% | 3.87% | 2.59% | 2.80% | 3.90% | 3.63% | 3.00% | 3.13% | 3.50% |
| Avg credit score | 748.00 | 738.28 | 728.82 | 918.32 | 742.91 | 741.27 | 753.57 | 746.71 | 758.06 |
| Avg LTV (loan to value) | 85.63% | 86.70% | 85.52% | 86.23% | 81.70% | 85.94% | 82.65% | 85.71% | 82.38% |
| Avg DTI (debt to income) | 34.74 | 32.63 | 32.72 | 33.36 | 32.41 | 34.88 | 34.54 | 31.03 | 26.97 |
| % First time homebuyer | 36.84% | 43.86% | 49.25% | 30.19% | 30.43% | 28.85% | 21.62% | 22.58% | 21.88% |
| Avg mortgage insurance % | 17.26% | 17.65% | 16.75% | 18.49% | 12.70% | 15.60% | 9.62% | 14.48% | 16.56% |
Best Mortgage Brokers around Belmont, Massachusetts 02478
For those searching for a new home in Belmont, we have compiled a list of the top mortgage brokers located in and around Belmont, Massachusetts 02478 to assist you with your search.
Name
Address
Contact
Partners Mortgage
130 Trapelo Rd
Belmont MA 02478
(617) 489-1992
NE Moves Mortgage
80 Leonard St
Belmont MA 02478
(617) 484-3962
National Family Mortgage
67 Leonard St
Belmont MA 02478
(617) 484-0025
Mortgage Master
44 Trapelo Rd
Belmont MA 02478
(617) 993-3571
gpedro@mortgagemasterinc.com
Greentech Lease Finance
177 Worcester St
Wellesley MA 02478
(781) 431-7700
Address
130 Trapelo Rd
Belmont MA
Contact
(617) 489-1992
Address
80 Leonard St
Belmont MA
Contact
(617) 484-3962
Address
67 Leonard St
Belmont MA
Contact
(617) 484-0025