Compare Today’s Mortgage Rates in Berlin, Massachusetts 01503
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Berlin, Massachusetts 01503.
Our search engine thoroughly explores all home mortgage options in Berlin, Massachusetts 01503, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $25,639 in lifetime cash or $71 per month in Berlin and other areas of Worcester county.
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Summary of Average Mortgages in Berlin, Massachusetts 01503
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Berlin, Massachusetts 01503
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Berlin, MA 01503. 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 Berlin, Massachusetts 01503 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Berlin, Massachusetts and around Worcester 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 | 93.27% | 92.76% | 93.32% | 92.13% | 91.18% | 88.23% | 91.60% | 88.93% | 89.72% |
avg mortgage rate | 6.45% | 4.53% | 2.96% | 3.26% | 4.34% | 4.57% | 4.09% | 3.90% | 4.06% |
% 15 year fixed mortgage | 6.25% | 5.70% | 5.36% | 6.85% | 6.48% | 9.94% | 6.87% | 9.70% | 9.52% |
avg mortgage rate | 5.45% | 3.62% | 2.43% | 2.84% | 3.74% | 3.93% | 3.43% | 3.13% | 3.25% |
Avg credit score | 748.92 | 752.86 | 766.67 | 760.33 | 765.59 | 754.80 | 754.92 | 753.38 | 756.74 |
Avg LTV (loan to value) | 83.95% | 84.61% | 85.01% | 84.23% | 83.65% | 82.35% | 83.71% | 82.71% | 83.18% |
Avg DTI (debt to income) | 36.06 | 34.89 | 32.92 | 33.42 | 33.94 | 33.97 | 34.43 | 33.32 | 32.36 |
% First time homebuyer | 51.44% | 49.23% | 46.95% | 43.22% | 41.92% | 40.71% | 38.50% | 36.57% | 34.71% |
Avg mortgage insurance % | 15.59% | 15.60% | 15.74% | 14.94% | 14.47% | 13.18% | 13.30% | 12.89% | 13.46% |
Best Mortgage Brokers around Berlin, Massachusetts 01503
For those searching for a new home in Berlin, we have compiled a list of the top mortgage brokers located in and around Berlin, Massachusetts 01503 to assist you with your search.
Name
Address
Contact
Mortgageopia
714 Southbridge St
Auburn MA 01503
(508) 721-0069
Aaa Insurance
711 Southbridge St
Auburn MA 01503
(508) 832-0200
social@aaasne.com
Mortgage Network
23 Midstate Dr
Auburn MA 01503
(508) 407-8671
servicing@mortgagenetwork.com
Fairway New England Mortgage
5 Albert St
Auburn MA 01503
(508) 407-8300
customerservice@fairwaymc.com
Mackinac Savings Bank
482 Southbridge St
Auburn MA 01503
(508) 832-3299
dfrechette@mackbank.com
Address
714 Southbridge St
Auburn MA
Contact
(508) 721-0069
Address
711 Southbridge St
Auburn MA
Contact
(508) 832-0200
social@aaasne.com
Address
23 Midstate Dr
Auburn MA
Contact
(508) 407-8671
servicing@mortgagenetwork.com