Compare Today’s Mortgage Rates for Lynnfield, Massachusetts

Pureloan searches all major banks and mortgage lenders for the best home loan rates in Lynnfield, Massachusetts 01940. 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 $87,710 or $244 / month in Lynnfield 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 Lynnfield, Massachusetts 01940.

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Summary of Average Mortgage Terms in Lynnfield, Massachusetts 01940

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Historical Mortgage Rates for Lynnfield, Massachusetts 01940 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Lynnfield, 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 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%
% 10 year fixed mortgage 0.04% 0.17% 0.27% 0.04% 0.10% 0.10% 0.03% 0.08%
avg mortgage rate 3.75% 3.96% 3.05% 3.25% 3.25% 3.04% 2.75% 3.75%
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 Combined LTV (loan to value) 75.35% 76.78% 79.57% 79.84% 80.12% 81.58% 81.51% 79.65%
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 Lynnfield, Massachusetts 01940

If you’re looking to buy a new home in Lynnfield, we have compiled a list of the leading mortgage brokers around Lynnfield, Massachusetts 01940 to help you with your search.

Name
Address
Contact

Embrace Home Loans

6 Kimball Ln

Lynnfield MA 01940

(781) 587-0203

Liberty Realty Group

550 Summer St

Lynnfield MA 01940

(781) 334-3244

http://lrgre.com/

Advisors Mortgage Group

26 Main St

Lynnfield MA 01940

(781) 587-1582

Integrity First Financial

782 Salem St

Lynnfield MA 01940

(781) 595-0101

Suburban Mortgage

50 Salem St

Lynnfield MA 01940

(781) 246-5600

Address

6 Kimball Ln

Lynnfield MA

Contact

(781) 587-0203

Address

550 Summer St

Lynnfield MA

Contact

(781) 334-3244

http://lrgre.com/

Address

26 Main St

Lynnfield MA

Contact

(781) 587-1582

News on Mortgages and Reverse Mortgages for Lynnfield, Massachusetts 01940