Compare Today’s Mortgage Rates for Malden, Massachusetts
Pureloan searches mortgage lenders and major banks in Malden, Massachusetts 02148 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $28,326 or $79 / month is expected in Malden and other areas of Middlesex county.
Pureloan’s search engine explores all home mortgage options in Malden, Massachusetts 02148, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Malden, Massachusetts 02148
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Expected Savings
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Interactive Mortgage Rate Projections for Malden, MA
To forecast and predict mortgage rates in Malden, MA 02148, 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 Malden, Massachusetts 02148 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Malden, Massachusetts and around Middlesex county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 92.45% | 91.31% | 91.42% | 91.52% | 92.13% | 91.23% | 93.13% | 92.07% |
| avg mortgage rate | 4.97% | 4.68% | 3.90% | 3.96% | 4.44% | 4.12% | 3.92% | 4.10% |
| % 15 year fixed mortgage | 5.87% | 6.42% | 6.80% | 7.32% | 6.65% | 7.56% | 5.51% | 6.60% |
| avg mortgage rate | 4.28% | 3.93% | 3.16% | 3.11% | 3.42% | 3.20% | 3.13% | 3.26% |
| Avg credit score | 762.41 | 763.47 | 762.30 | 760.29 | 757.19 | 757.03 | 756.40 | 756.75 |
| Avg LTV (loan to value) | 74.14% | 75.94% | 77.55% | 77.96% | 78.61% | 79.49% | 79.23% | 78.50% |
| Avg DTI (debt to income) | 33.94 | 33.36 | 32.46 | 33.31 | 34.09 | 34.62 | 34.63 | 35.69 |
| % First time homebuyer | 46.16% | 44.36% | 44.01% | 48.60% | 48.27% | 51.41% | 47.46% | 45.87% |
| Avg mortgage insurance % | 3.28% | 5.30% | 7.07% | 8.03% | 9.11% | 10.25% | 9.73% | 9.43% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Malden, Massachusetts 02148
If you’re looking to buy a new home in Malden, we have compiled a list of the leading mortgage brokers around Malden, Massachusetts 02148 to help you with your search.
Name
Address
Contact
Mortgage Planning
919 Eastern Ave
Malden MA 02148
(781) 321-3963
Family Mortgage Co.
422 Main St
Malden MA 02148
(781) 338-2250
Bestway Mortgage
574 Salem St
Malden MA 02148
(781) 321-5500
Malden Redevelopment Authority Engineering
170 Centre St
Malden MA 02148
(781) 388-0745
Best Rate Mortgage Co.
26 Irving St
Malden MA 02148
(617) 921-2153
dkeaveny@bestratemoney.com
Address
919 Eastern Ave
Malden MA
Contact
(781) 321-3963
Address
422 Main St
Malden MA
Contact
(781) 338-2250
Address
574 Salem St
Malden MA
Contact
(781) 321-5500