Compare Today’s Mortgage Rates for Richmond, Massachusetts
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Richmond, Massachusetts 01254. 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 $31,559 or $88 / month in Richmond and surrounding areas of Berkshire 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 Richmond, Massachusetts 01254.
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Summary of Average Mortgage Terms in Richmond, Massachusetts 01254
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Richmond, MA
To forecast and predict mortgage rates in Richmond, MA 01254, 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 Richmond, Massachusetts 01254 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Richmond, Massachusetts and around Berkshire 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 | 85.24% | 84.89% | 84.54% | 85.05% | 86.64% | 83.64% | 86.45% | 85.03% |
| avg mortgage rate | 4.97% | 4.69% | 3.88% | 3.84% | 4.38% | 4.00% | 3.76% | 3.84% |
| % 15 year fixed mortgage | 9.23% | 9.73% | 11.99% | 11.77% | 10.18% | 13.39% | 10.82% | 11.90% |
| avg mortgage rate | 4.35% | 3.87% | 3.11% | 2.93% | 3.35% | 3.16% | 2.92% | 3.11% |
| Avg credit score | 764.62 | 760.54 | 762.35 | 762.80 | 757.56 | 758.27 | 757.20 | 754.73 |
| Avg LTV (loan to value) | 75.73% | 77.22% | 79.87% | 80.14% | 79.91% | 81.99% | 81.88% | 81.86% |
| Avg DTI (debt to income) | 32.54 | 33.04 | 32.26 | 33.03 | 34.31 | 33.81 | 34.02 | 35.26 |
| % First time homebuyer | 36.35% | 24.64% | 21.61% | 27.38% | 27.71% | 30.66% | 28.15% | 31.97% |
| Avg mortgage insurance % | 6.56% | 7.10% | 9.81% | 10.35% | 10.60% | 12.35% | 12.22% | 11.75% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Richmond, Massachusetts 01254
If you’re looking to buy a new home in Richmond, we have compiled a list of the leading mortgage brokers around Richmond, Massachusetts 01254 to help you with your search.
Name
Address
Contact
Reverse Mortgage Consulting
1062 Water Farm Rd
Sheffield MA 01254
(413) 229-9908
Academy Mortgage - Greenfield
22 Mohawk Trl
Greenfield MA 01254
(413) 772-2529
contact@academymortgage.com
Tri State Acceptance
377 Federal St
Greenfield MA 01254
(413) 773-3497
Powerdowndebt
384 Montague City Rd
Turners Falls MA 01254
(413) 774-5555
http://www.powerdowndebt.com/
Equity Trust
177 Avenue A
Turners Falls MA 01254
(413) 863-9038
http://www.equitytrust.org
Address
1062 Water Farm Rd
Sheffield MA
Contact
(413) 229-9908
Address
22 Mohawk Trl
Greenfield MA
Contact
(413) 772-2529
contact@academymortgage.com
Address
377 Federal St
Greenfield MA
Contact
(413) 773-3497