Compare Today’s Mortgage Rates for Merrimac, Massachusetts

Pureloan searches mortgage lenders and major banks in Merrimac, Massachusetts 01860 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 $34,077 or $95 / month is expected in Merrimac and other areas of Essex county.

Pureloan’s search engine explores all home mortgage options in Merrimac, Massachusetts 01860, 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

42.834629 -71.004658

Summary of Average Mortgage Terms in Merrimac, Massachusetts 01860

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Merrimac, MA

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Merrimac, MA 01860, 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 Merrimac, MA

Historical Mortgage Rates for Merrimac, Massachusetts 01860 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Merrimac, Massachusetts and around Essex 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 92.24% 91.46% 91.49% 90.66% 92.09% 89.98% 93.32% 92.09%
avg mortgage rate 4.97% 4.66% 3.90% 3.98% 4.46% 4.13% 3.92% 4.12%
% 15 year fixed mortgage 6.10% 6.67% 7.02% 7.74% 6.63% 7.90% 5.14% 5.58%
avg mortgage rate 4.35% 3.94% 3.23% 3.14% 3.45% 3.27% 3.09% 3.36%
Avg credit score 760.32 763.00 758.97 757.84 753.59 752.21 751.71 751.07
Avg LTV (loan to value) 75.35% 76.54% 78.13% 79.15% 80.16% 80.90% 81.34% 80.35%
Avg DTI (debt to income) 33.54 32.95 33.27 33.50 34.31 34.42 34.86 35.83
% First time homebuyer 41.36% 36.48% 38.25% 39.04% 42.86% 44.53% 44.40% 39.35%
Avg mortgage insurance % 4.19% 6.18% 8.14% 9.24% 10.63% 11.56% 12.10% 11.53%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Merrimac, Massachusetts 01860

If you’re looking to buy a new home in Merrimac, we have compiled a list of the leading mortgage brokers around Merrimac, Massachusetts 01860 to help you with your search.

Name
Address
Contact

Academy Mortgage - Reading

248 Main St

Reading MA 01860

(781) 205-3040

contact@academymortgage.com

Renaissance Mortgage

2 Haven St

Reading MA 01860

(781) 944-3729

http://www.renaissance-mortgage.com

Residential Mortgage Group

100 Main St

Reading MA 01860

(781) 909-7100

fogarty@aol.com

First Choice Loan Services

248 Main St

Reading MA 01860

(781) 872-1582

Senior Lending Leads

603 Main St

Reading MA 01860

(781) 205-4190

Address

248 Main St

Reading MA

Contact

(781) 205-3040

contact@academymortgage.com

Address

2 Haven St

Reading MA

Contact

(781) 944-3729

http://www.renaissance-mortgage.com

Address

100 Main St

Reading MA

Contact

(781) 909-7100

fogarty@aol.com

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