Compare Today’s Mortgage Rates for Lawrence, Massachusetts
Pureloan searches all major banks and mortgage lenders for the best home loan rates in Lawrence, Massachusetts 01843. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $38,856 or $108 / month in Lawrence 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 Lawrence, Massachusetts 01843.
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Summary of Average Mortgage Terms in Lawrence, Massachusetts 01843
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Historical Mortgage Rates for Lawrence, Massachusetts 01843 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Lawrence, Massachusetts and around Essex county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 92.24% | 91.46% | 91.49% | 90.66% | 92.09% | 89.98% | 93.32% | 92.09% |
| avg mortgage rate | 4.97% | 4.66% | 3.90% | 3.98% | 4.46% | 4.13% | 3.92% | 4.12% |
| % 15 year fixed mortgage | 6.10% | 6.67% | 7.02% | 7.74% | 6.63% | 7.90% | 5.14% | 5.58% |
| avg mortgage rate | 4.35% | 3.94% | 3.23% | 3.14% | 3.45% | 3.27% | 3.09% | 3.36% |
| Avg credit score | 760.32 | 763.00 | 758.97 | 757.84 | 753.59 | 752.21 | 751.71 | 751.07 |
| Avg LTV (loan to value) | 75.35% | 76.54% | 78.13% | 79.15% | 80.16% | 80.90% | 81.34% | 80.35% |
| Avg DTI (debt to income) | 33.54 | 32.95 | 33.27 | 33.50 | 34.31 | 34.42 | 34.86 | 35.83 |
| % First time homebuyer | 41.36% | 36.48% | 38.25% | 39.04% | 42.86% | 44.53% | 44.40% | 39.35% |
| Avg mortgage insurance % | 4.19% | 6.18% | 8.14% | 9.24% | 10.63% | 11.56% | 12.10% | 11.53% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Lawrence, Massachusetts 01843
If you’re looking to buy a new home in Lawrence, we have compiled a list of the leading mortgage brokers around Lawrence, Massachusetts 01843 to help you with your search.
Name
Address
Contact
Bankcasa
159 Essex St
Lawrence MA 01843
(978) 725-6766
Neutral Services Company
160 Common St
Lawrence MA 01843
(978) 965-2380
http://brownstonemortgage.com
Naca
6 Broadway
Lawrence MA 01843
(978) 552-0453
Loan USA
92 Broadway
Lawrence MA 01843
(978) 974-9998
http://www.loanusa.biz/
Mv Business Consulting
83 Essex St
Lawrence MA 01843
(978) 965-8122
Address
159 Essex St
Lawrence MA
Contact
(978) 725-6766
Address
160 Common St
Lawrence MA
Contact
(978) 965-2380
http://brownstonemortgage.com
Address
6 Broadway
Lawrence MA
Contact
(978) 552-0453