Compare Today’s Mortgage Rates for Salem, Massachusetts

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Salem, Massachusetts 01971. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $23,955 or $67 / month in Salem and other areas of Essex county.

Our search engine explores all home mortgage options in Salem, Massachusetts 01971, 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

42.519444 -70.897222

Summary of Average Mortgage Terms in Salem, Massachusetts 01971

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Salem, MA

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Salem, MA 01971, 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 Salem, MA

Historical Mortgage Rates for Salem, Massachusetts 01971 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Salem, 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 89.49% 88.77% 88.13% 84.44% 89.60% 86.48% 91.37% 90.98%
avg mortgage rate 4.94% 4.69% 3.86% 3.93% 4.48% 4.14% 3.95% 4.11%
% 15 year fixed mortgage 9.38% 8.42% 9.50% 14.19% 9.32% 11.59% 7.91% 7.06%
avg mortgage rate 4.41% 3.88% 3.18% 3.21% 3.45% 3.26% 3.20% 3.24%
Avg credit score 759.61 764.54 764.26 760.43 751.70 752.83 752.09 755.40
Avg LTV (loan to value) 74.35% 76.36% 80.03% 79.08% 80.91% 80.80% 81.39% 81.52%
Avg DTI (debt to income) 31.68 31.99 31.14 32.27 33.42 34.03 34.63 34.07
% First time homebuyer 32.10% 34.39% 32.98% 31.58% 39.75% 38.34% 37.12% 40.00%
Avg mortgage insurance % 4.10% 5.26% 10.48% 10.46% 11.44% 11.86% 12.70% 11.84%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Salem, Massachusetts 01971

If you’re looking to buy a new home in Salem, we have compiled a list of the leading mortgage brokers around Salem, Massachusetts 01971 to help you with your search.

Name
Address
Contact

Quotemearate.Com

31 Bridge St

Salem MA 01971

(978) 745-5105

RE Max Unlimited

14-16 Brown St

Salem MA 01971

(978) 745-5855

http://www.suekeenan.com/

Easy Mortgage Apps

121 Loring Ave

Salem MA 01971

(888) 987-6842

http://easymortgageapps.com

Gaudreault Mortgage Group

90 Highland Ave

Salem MA 01971

(978) 607-0016

Ne Moves Mortgage

7 1/2 Church St

Salem MA 01971

(978) 745-5218

Address

31 Bridge St

Salem MA

Contact

(978) 745-5105

Address

14-16 Brown St

Salem MA

Contact

(978) 745-5855

http://www.suekeenan.com/

Address

121 Loring Ave

Salem MA

Contact

(888) 987-6842

http://easymortgageapps.com

News on Mortgages and Reverse Mortgages for Salem, Massachusetts 01971