Compare Today’s Mortgage Rates for Essex, Massachusetts
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Essex, Massachusetts 01929. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $21,777 or $60 / month in Essex and surrounding areas of Essex county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Essex, Massachusetts 01929.
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Summary of Average Mortgage Terms in Essex, Massachusetts 01929
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Essex, MA
To forecast and predict mortgage rates in Essex, MA 01929, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Essex, Massachusetts 01929 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Essex, Massachusetts and around Essex county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 94.27% | 92.11% | 92.20% | 91.84% | 93.07% | 91.39% | 93.88% | 91.61% |
| avg mortgage rate | 4.96% | 4.68% | 3.90% | 3.95% | 4.44% | 4.13% | 3.89% | 4.10% |
| % 15 year fixed mortgage | 4.56% | 5.73% | 5.89% | 7.07% | 6.22% | 7.01% | 5.17% | 7.54% |
| avg mortgage rate | 4.32% | 3.90% | 3.26% | 3.09% | 3.44% | 3.18% | 3.10% | 3.17% |
| Avg credit score | 758.62 | 760.23 | 759.89 | 757.30 | 753.91 | 753.08 | 751.66 | 750.32 |
| Avg LTV (loan to value) | 74.44% | 75.80% | 78.66% | 79.14% | 79.48% | 80.99% | 81.08% | 79.06% |
| Avg DTI (debt to income) | 34.11 | 34.20 | 33.65 | 33.93 | 34.42 | 35.03 | 35.24 | 35.35 |
| % First time homebuyer | 38.57% | 37.30% | 38.51% | 40.19% | 42.91% | 43.98% | 45.33% | 41.19% |
| Avg mortgage insurance % | 4.46% | 5.66% | 8.50% | 8.84% | 10.02% | 11.66% | 11.66% | 9.89% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Essex, Massachusetts 01929
If you’re looking to buy a new home in Essex, we have compiled a list of the leading mortgage brokers around Essex, Massachusetts 01929 to help you with your search.
Name
Address
Contact
Rockport Mortgage
17 Rogers St
Gloucester MA 01929
(978) 283-9208
contactus@bmfloan.com
NE Moves Mortgage
85 Eastern Ave
Gloucester MA 01929
(978) 281-1036
PMAC Lending Services
1 Main St
Gloucester MA 01929
(978) 283-7909
michele.cooper@pmac.com
First Choice Mortgage
1 Main St
Gloucester MA 01929
(978) 283-7909
Cape Ann Savings Bank
1 Blackburn Ctr
Gloucester MA 01929
(978) 281-2655
Address
17 Rogers St
Gloucester MA
Contact
(978) 283-9208
contactus@bmfloan.com
Address
85 Eastern Ave
Gloucester MA
Contact
(978) 281-1036
Address
1 Main St
Gloucester MA
Contact
(978) 283-7909
michele.cooper@pmac.com