Compare Today’s Mortgage Rates in Gloucester, Massachusetts 01931
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Gloucester, Massachusetts 01931.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $55,535 over the lifetime of your 30-year fixed loan, or a monthly savings of $154 in Gloucester and other areas of Essex county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Gloucester, Massachusetts 01931
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Gloucester, Massachusetts 01931
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Gloucester, MA 01931. 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 Gloucester, Massachusetts 01931 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Gloucester, Massachusetts and around Essex 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 | 93.94% | 93.12% | 93.28% | 92.00% | 90.32% | 90.98% | 91.14% | 91.04% | 89.32% |
avg mortgage rate | 6.34% | 4.43% | 2.94% | 3.26% | 4.23% | 4.53% | 4.10% | 3.84% | 4.06% |
% 15 year fixed mortgage | 5.05% | 5.52% | 5.68% | 6.68% | 7.98% | 7.18% | 6.52% | 7.65% | 8.62% |
avg mortgage rate | 5.49% | 3.66% | 2.32% | 2.79% | 3.65% | 3.89% | 3.32% | 2.96% | 3.19% |
Avg credit score | 759.32 | 759.54 | 766.52 | 763.17 | 761.06 | 765.27 | 757.10 | 755.16 | 755.73 |
Avg LTV (loan to value) | 76.35% | 78.95% | 80.73% | 80.42% | 80.10% | 78.95% | 79.59% | 80.10% | 79.97% |
Avg DTI (debt to income) | 36.47 | 35.26 | 33.57 | 33.88 | 35.10 | 35.58 | 33.97 | 34.58 | 34.01 |
% First time homebuyer | 46.97% | 43.10% | 42.56% | 42.60% | 42.44% | 36.95% | 35.67% | 39.13% | 39.12% |
Avg mortgage insurance % | 10.83% | 10.67% | 11.54% | 11.76% | 10.78% | 10.19% | 10.31% | 10.83% | 10.52% |
Best Mortgage Brokers around Gloucester, Massachusetts 01931
For those searching for a new home in Gloucester, we have compiled a list of the top mortgage brokers located in and around Gloucester, Massachusetts 01931 to assist you with your search.
Name
Address
Contact
Cape Ann Savings Bank
1 Blackburn Ctr
Gloucester MA 01931
(978) 281-2655
First Choice Mortgage
1 Main St
Gloucester MA 01931
(978) 283-7909
PMAC Lending Services
1 Main St
Gloucester MA 01931
(978) 283-7909
michele.cooper@pmac.com
NE Moves Mortgage
85 Eastern Ave
Gloucester MA 01931
(978) 281-1036
Rockport Mortgage
17 Rogers St
Gloucester MA 01931
(978) 283-9208
contactus@bmfloan.com
Address
1 Blackburn Ctr
Gloucester MA
Contact
(978) 281-2655
Address
1 Main St
Gloucester MA
Contact
(978) 283-7909
Address
1 Main St
Gloucester MA
Contact
(978) 283-7909
michele.cooper@pmac.com