Compare Today’s Mortgage Rates in Lynn, Massachusetts 01905
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Lynn, Massachusetts 01905.
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 $30,941 over the lifetime of your 30-year fixed loan, or a monthly savings of $86 in Lynn 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 Lynn, Massachusetts 01905
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lynn, Massachusetts 01905
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lynn, MA 01905. 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 Lynn, Massachusetts 01905 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lynn, 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 | 94.87% | 94.82% | 95.25% | 93.77% | 92.75% | 91.09% | 91.34% | 93.34% | 90.20% |
avg mortgage rate | 6.41% | 4.60% | 2.99% | 3.32% | 4.30% | 4.59% | 4.18% | 3.88% | 4.11% |
% 15 year fixed mortgage | 4.50% | 4.49% | 3.86% | 4.85% | 5.77% | 7.30% | 7.20% | 5.89% | 8.31% |
avg mortgage rate | 5.49% | 3.58% | 2.36% | 2.81% | 3.76% | 3.93% | 3.30% | 3.10% | 3.17% |
Avg credit score | 748.27 | 754.88 | 759.63 | 758.59 | 754.83 | 754.08 | 751.92 | 752.68 | 753.66 |
Avg LTV (loan to value) | 81.29% | 81.30% | 82.70% | 82.43% | 81.87% | 80.47% | 80.39% | 81.98% | 81.41% |
Avg DTI (debt to income) | 37.67 | 36.43 | 34.53 | 34.79 | 35.81 | 35.21 | 34.54 | 34.69 | 34.65 |
% First time homebuyer | 58.58% | 50.91% | 50.07% | 50.09% | 47.13% | 43.13% | 42.37% | 46.07% | 43.56% |
Avg mortgage insurance % | 12.90% | 11.99% | 12.74% | 13.08% | 12.45% | 11.16% | 10.79% | 12.26% | 11.63% |
Best Mortgage Brokers around Lynn, Massachusetts 01905
For those searching for a new home in Lynn, we have compiled a list of the top mortgage brokers located in and around Lynn, Massachusetts 01905 to assist you with your search.
Name
Address
Contact
Ngu Loan
69 Pacific St
Lynn MA 01905
(781) 581-0785
Henry Multi Service Company
123 Commercial St
Lynn MA 01905
(781) 592-0650
American Trust Mortgage
280 Union St
Lynn MA 01905
(781) 477-0110
david@myatmi.com
Wells Fargo Home Mortgage
100 Cummings Ctr
Beverly MA 01905
(978) 921-7887
alyssa.c.devasto@wellsfargo.com
Goldcoast Mortgage Service, Inc.
100 Cummings Ctr
Beverly MA 01905
(978) 922-4446
info@goldcoastmortgage.com
Address
69 Pacific St
Lynn MA
Contact
(781) 581-0785
Address
123 Commercial St
Lynn MA
Contact
(781) 592-0650
Address
280 Union St
Lynn MA
Contact
(781) 477-0110
david@myatmi.com