Compare Today’s Mortgage Rates in Cambridge, Massachusetts 02238
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Cambridge, Massachusetts 02238.
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 Cambridge, Massachusetts 02238. For a 30-year fixed loan, our calculations show that you can expect to save up to $87,942 over the lifetime of your mortgage, which translates to a monthly savings of $244 in Cambridge and other areas of Middlesex county.
Summary of Average Mortgages in Cambridge, Massachusetts 02238
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Interactive Mortgage Rate Projections for Cambridge, Massachusetts 02238
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cambridge, MA 02238. 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 Cambridge, Massachusetts 02238 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cambridge, 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 | 96.39% | 95.46% | 95.68% | 95.68% | 92.53% | 89.47% | 92.81% | 93.78% | 93.80% |
avg mortgage rate | 6.27% | 4.45% | 2.91% | 3.18% | 4.21% | 4.53% | 4.16% | 3.86% | 4.06% |
% 15 year fixed mortgage | 3.09% | 3.77% | 3.62% | 3.88% | 5.99% | 9.11% | 6.08% | 5.61% | 5.37% |
avg mortgage rate | 5.52% | 3.54% | 2.35% | 2.86% | 3.70% | 3.88% | 3.32% | 3.06% | 3.23% |
Avg credit score | 762.18 | 766.89 | 766.36 | 767.23 | 771.37 | 764.25 | 758.26 | 761.79 | 761.46 |
Avg LTV (loan to value) | 78.80% | 80.95% | 82.34% | 82.15% | 79.94% | 76.63% | 78.09% | 79.99% | 77.77% |
Avg DTI (debt to income) | 38.99 | 37.36 | 34.97 | 34.93 | 36.55 | 36.49 | 35.81 | 35.20 | 34.91 |
% First time homebuyer | 54.12% | 52.85% | 49.95% | 51.19% | 50.32% | 42.79% | 45.38% | 43.32% | 45.51% |
Avg mortgage insurance % | 11.75% | 12.77% | 12.86% | 13.08% | 11.59% | 8.60% | 8.76% | 10.21% | 7.85% |
Best Mortgage Brokers around Cambridge, Massachusetts 02238
For those searching for a new home in Cambridge, we have compiled a list of the top mortgage brokers located in and around Cambridge, Massachusetts 02238 to assist you with your search.
Mid Island Mortgage
18 White St
Cambridge MA 02238
(617) 864-1010
info@mortgagecorp.com
Fiserv Lending Solutions
125 Cambridgepark Dr
Cambridge MA 02238
(617) 354-1400
http://www.fiserv.com/
Core Logic Kase-Shiller
125 Cambridgepark Dr
Cambridge MA 02238
(617) 498-0959
http://corelogic.com
Glassman J M & Sons Mortgs
305 Webster Ave
Cambridge MA 02238
(617) 547-7034
Transcontinental Lending Group
1034 Cambridge St
Cambridge MA 02238
(617) 576-1100
Address
18 White St
Cambridge MA
Contact
(617) 864-1010
info@mortgagecorp.com
Address
125 Cambridgepark Dr
Cambridge MA
Contact
(617) 354-1400
http://www.fiserv.com/
Address
125 Cambridgepark Dr
Cambridge MA
Contact
(617) 498-0959
http://corelogic.com