Compare Today’s Mortgage Rates for Lynnfield, Massachusetts
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Lynnfield, Massachusetts 01940. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $25,369 or $70 / 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.
Summary of Average Mortgage Terms in Lynnfield, Massachusetts 01940
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Lynnfield, MA 01940, 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 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.
| 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 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