Compare Today’s Mortgage Rates in Lancaster, Massachusetts 01523
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Lancaster, Massachusetts 01523.
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 Lancaster, Massachusetts 01523. For a 30-year fixed loan, our calculations show that you can expect to save up to $20,205 over the lifetime of your mortgage, which translates to a monthly savings of $56 in Lancaster and other areas of Worcester county.
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Summary of Average Mortgages in Lancaster, Massachusetts 01523
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lancaster, Massachusetts 01523
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lancaster, MA 01523. 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 Lancaster, Massachusetts 01523 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lancaster, 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 Lancaster, Massachusetts 01523
For those searching for a new home in Lancaster, we have compiled a list of the top mortgage brokers located in and around Lancaster, Massachusetts 01523 to assist you with your search.
Name
Address
Contact
First Eastern Mortgage
110 Elm St
Millbury MA 01523
(508) 865-7686
jmorin@firsteastern.com
American Express
2 Prospect St
Millbury MA 01523
(508) 917-8019
http://www.americanexpress.com/
Commercial Loan Solutions
2 Prospect St
Millbury MA 01523
(855) 257-3278
Fairway Mortgage
1089 Main St
Holden MA 01523
(508) 210-0455
bmoore1@metlife.com
Face To Face Mortgage
554 Reservoir St
Holden MA 01523
(508) 892-8988
ladsonmai541@gmail.com
Address
110 Elm St
Millbury MA
Contact
(508) 865-7686
jmorin@firsteastern.com
Address
2 Prospect St
Millbury MA
Contact
(508) 917-8019
http://www.americanexpress.com/
Address
2 Prospect St
Millbury MA
Contact
(855) 257-3278