Compare Today’s Mortgage Rates for Melrose, Massachusetts

Pureloan searches mortgage lenders and major banks in Melrose, Massachusetts 02176 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 $37,322 or $104 / month is expected in Melrose and other areas of Middlesex county.

Pureloan’s search engine explores all home mortgage options in Melrose, Massachusetts 02176, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.458066 -71.063191

Summary of Average Mortgage Terms in Melrose, Massachusetts 02176

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Melrose, MA

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Melrose, MA 02176, 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.

Local Mortgage Rates for Melrose, MA

Historical Mortgage Rates for Melrose, Massachusetts 02176 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Melrose, 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 Melrose, Massachusetts 02176

If you’re looking to buy a new home in Melrose, we have compiled a list of the leading mortgage brokers around Melrose, Massachusetts 02176 to help you with your search.

Name
Address
Contact

American Mortgage Services

822 Main St

Melrose MA 02176

(781) 662-2552

ahd@kew.com

Beacon Hill Funding

89 Clifford St

Melrose MA 02176

(781) 662-1325

rshea@beaconhillfunding.com

Priority Leasing

174 Green St

Melrose MA 02176

(781) 321-8778

rippedoff@priorityleasingco.com

Reliable Mortgage

300 Granite St

Braintree MA 02176

(866) 444-7359

Merrimack Mortgage Company

367 Washington St

Braintree MA 02176

(617) 620-9440

jgravelle@merrimackmortgage.com

Address

822 Main St

Melrose MA

Contact

(781) 662-2552

ahd@kew.com

Address

89 Clifford St

Melrose MA

Contact

(781) 662-1325

rshea@beaconhillfunding.com

Address

174 Green St

Melrose MA

Contact

(781) 321-8778

rippedoff@priorityleasingco.com

News on Mortgages and Reverse Mortgages for Melrose, Massachusetts 02176