Compare Today’s Mortgage Rates for Lawrence, Massachusetts
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Lawrence, Massachusetts 01841. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $11,032 or $31 / month in Lawrence and other areas of Essex county.
Our search engine explores all home mortgage options in Lawrence, Massachusetts 01841, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Lawrence, Massachusetts 01841
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lawrence, MA
To forecast and predict mortgage rates in Lawrence, MA 01841, 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 Lawrence, Massachusetts 01841 from 2013 - 2020
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.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 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 01841
If you’re looking to buy a new home in Lawrence, we have compiled a list of the leading mortgage brokers around Lawrence, Massachusetts 01841 to help you with your search.
Name
Address
Contact
Bankcasa
159 Essex St
Lawrence MA 01841
(978) 725-6766
Neutral Services Company
160 Common St
Lawrence MA 01841
(978) 965-2380
http://brownstonemortgage.com
Naca
6 Broadway
Lawrence MA 01841
(978) 552-0453
Loan USA
92 Broadway
Lawrence MA 01841
(978) 974-9998
http://www.loanusa.biz/
Mv Business Consulting
83 Essex St
Lawrence MA 01841
(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