Compare Today’s Mortgage Rates for Russell, Massachusetts
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Russell, Massachusetts 01071. 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 $17,405 or $48 / month in Russell and surrounding areas of Hampden 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 Russell, Massachusetts 01071.
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Summary of Average Mortgage Terms in Russell, Massachusetts 01071
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Russell, MA
To forecast and predict mortgage rates in Russell, MA 01071, 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 Russell, Massachusetts 01071 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Russell, Massachusetts and around Hampden 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 | 92.97% | 89.03% | 90.27% | 89.82% | 89.64% | 88.76% | 90.85% | 91.47% |
| avg mortgage rate | 4.97% | 4.69% | 3.90% | 3.87% | 4.37% | 4.03% | 3.82% | 4.04% |
| % 15 year fixed mortgage | 5.39% | 8.60% | 7.44% | 7.49% | 8.26% | 7.28% | 6.58% | 6.76% |
| avg mortgage rate | 4.39% | 3.91% | 3.18% | 3.12% | 3.45% | 3.20% | 3.14% | 3.15% |
| Avg credit score | 763.63 | 761.32 | 763.23 | 762.96 | 756.89 | 753.35 | 756.12 | 749.00 |
| Avg LTV (loan to value) | 69.30% | 70.11% | 75.29% | 75.38% | 76.49% | 77.63% | 76.85% | 79.15% |
| Avg DTI (debt to income) | 32.54 | 32.93 | 32.05 | 31.52 | 33.10 | 33.90 | 33.84 | 35.14 |
| % First time homebuyer | 57.27% | 41.40% | 38.77% | 46.49% | 46.55% | 42.66% | 43.08% | 40.00% |
| Avg mortgage insurance % | 2.40% | 3.11% | 5.88% | 6.29% | 8.03% | 8.16% | 9.31% | 9.75% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Russell, Massachusetts 01071
If you’re looking to buy a new home in Russell, we have compiled a list of the leading mortgage brokers around Russell, Massachusetts 01071 to help you with your search.
Name
Address
Contact
Brunell Real Estate
34 Bridge St
South Hadley MA 01071
(413) 539-6400
S B Mortgage Group
599 Page Blvd
Springfield MA 01071
(413) 241-8872
Mortgage Network USA
531 Belmont Ave
Springfield MA 01071
(413) 737-1100
bela@usa-mtg.com
Loan USA
1216 Main St
Springfield MA 01071
(413) 746-2274
springfield@loanusa.com
Mortgage Store
135 State St
Springfield MA 01071
(413) 739-1170
mgend@scmicorp.com
Address
34 Bridge St
South Hadley MA
Contact
(413) 539-6400
Address
599 Page Blvd
Springfield MA
Contact
(413) 241-8872
Address
531 Belmont Ave
Springfield MA
Contact
(413) 737-1100
bela@usa-mtg.com