Compare Today’s Mortgage Rates for Lynn, Massachusetts
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Lynn, Massachusetts 01904. 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 $13,892 or $39 / month in Lynn and other areas of Essex county.
Our search engine explores all home mortgage options in Lynn, Massachusetts 01904, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Lynn, Massachusetts 01904
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lynn, MA
To forecast and predict mortgage rates in Lynn, MA 01904, 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 Lynn, Massachusetts 01904 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Lynn, 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 | 94.27% | 92.11% | 92.20% | 91.84% | 93.07% | 91.39% | 93.88% | 91.61% |
| avg mortgage rate | 4.96% | 4.68% | 3.90% | 3.95% | 4.44% | 4.13% | 3.89% | 4.10% |
| % 15 year fixed mortgage | 4.56% | 5.73% | 5.89% | 7.07% | 6.22% | 7.01% | 5.17% | 7.54% |
| avg mortgage rate | 4.32% | 3.90% | 3.26% | 3.09% | 3.44% | 3.18% | 3.10% | 3.17% |
| Avg credit score | 758.62 | 760.23 | 759.89 | 757.30 | 753.91 | 753.08 | 751.66 | 750.32 |
| Avg LTV (loan to value) | 74.44% | 75.80% | 78.66% | 79.14% | 79.48% | 80.99% | 81.08% | 79.06% |
| Avg DTI (debt to income) | 34.11 | 34.20 | 33.65 | 33.93 | 34.42 | 35.03 | 35.24 | 35.35 |
| % First time homebuyer | 38.57% | 37.30% | 38.51% | 40.19% | 42.91% | 43.98% | 45.33% | 41.19% |
| Avg mortgage insurance % | 4.46% | 5.66% | 8.50% | 8.84% | 10.02% | 11.66% | 11.66% | 9.89% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Lynn, Massachusetts 01904
If you’re looking to buy a new home in Lynn, we have compiled a list of the leading mortgage brokers around Lynn, Massachusetts 01904 to help you with your search.
Name
Address
Contact
Ngu Loan
69 Pacific St
Lynn MA 01904
(781) 581-0785
Henry Multi Service Company
123 Commercial St
Lynn MA 01904
(781) 592-0650
American Trust Mortgage
280 Union St
Lynn MA 01904
(781) 477-0110
david@myatmi.com
Mortgage Assistance Services
38 Main St
Saugus MA 01904
(781) 233-1418
Saugus Bank
412 Lynn Fells Pkwy
Saugus MA 01904
(781) 231-3800
http://www.saugusbank.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