Compare Today’s Mortgage Rates in Lynnfield, Massachusetts 01940
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Lynnfield, Massachusetts 01940.
Our search engine thoroughly explores all home mortgage options in Lynnfield, Massachusetts 01940, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $55,535 in lifetime cash or $154 per month in Lynnfield and other areas of Essex county.
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Summary of Average Mortgages in Lynnfield, Massachusetts 01940
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lynnfield, Massachusetts 01940
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lynnfield, MA 01940. 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 Lynnfield, Massachusetts 01940 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lynnfield, 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 | 94.32% | 93.63% | 93.88% | 93.88% | 90.74% | 90.39% | 90.56% | 93.10% | 90.04% |
avg mortgage rate | 6.34% | 4.53% | 2.97% | 3.31% | 4.28% | 4.56% | 4.15% | 3.90% | 4.07% |
% 15 year fixed mortgage | 4.71% | 5.14% | 4.99% | 4.98% | 7.05% | 7.48% | 8.15% | 5.85% | 8.52% |
avg mortgage rate | 5.48% | 3.52% | 2.34% | 2.84% | 3.71% | 4.00% | 3.30% | 3.10% | 3.20% |
Avg credit score | 755.66 | 764.51 | 757.28 | 760.42 | 762.50 | 757.90 | 756.65 | 755.20 | 757.08 |
Avg LTV (loan to value) | 80.31% | 81.25% | 82.21% | 82.46% | 81.73% | 80.63% | 81.40% | 83.05% | 81.21% |
Avg DTI (debt to income) | 37.20 | 35.26 | 33.77 | 33.64 | 34.94 | 34.99 | 34.25 | 33.70 | 33.75 |
% First time homebuyer | 55.19% | 51.92% | 48.74% | 48.90% | 47.22% | 43.07% | 44.05% | 48.54% | 45.06% |
Avg mortgage insurance % | 12.73% | 12.50% | 12.89% | 13.28% | 12.46% | 11.12% | 11.43% | 13.17% | 11.78% |
Best Mortgage Brokers around Lynnfield, Massachusetts 01940
For those searching for a new home in Lynnfield, we have compiled a list of the top mortgage brokers located in and around Lynnfield, Massachusetts 01940 to assist 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