Compare Today’s Mortgage Rates in Salem, Massachusetts 01970
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Salem, Massachusetts 01970.
Our search engine thoroughly explores all home mortgage options in Salem, Massachusetts 01970, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $30,102 in lifetime cash or $84 per month in Salem and other areas of Essex county.
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Summary of Average Mortgages in Salem, Massachusetts 01970
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Salem, Massachusetts 01970
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, MA 01970. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Salem, Massachusetts 01970 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Massachusetts and around Essex county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 90.98% | 91.37% | 86.48% | 89.60% | 84.44% | 88.13% | 88.77% | 89.49% | |
| avg mortgage rate | 4.11% | 3.95% | 4.14% | 4.48% | 3.93% | 3.86% | 4.69% | 4.94% | |
| % 15 year fixed mortgage | 7.06% | 7.91% | 11.59% | 9.32% | 14.19% | 9.50% | 8.42% | 9.38% | |
| avg mortgage rate | 3.24% | 3.20% | 3.26% | 3.45% | 3.21% | 3.18% | 3.88% | 4.41% | |
| Avg credit score | 755.40 | 752.09 | 752.83 | 751.70 | 760.43 | 764.26 | 764.54 | 759.61 | |
| Avg LTV (loan to value) | 81.52% | 81.39% | 80.80% | 80.91% | 79.08% | 80.03% | 76.36% | 74.35% | |
| Avg DTI (debt to income) | 34.07 | 34.63 | 34.03 | 33.42 | 32.27 | 31.14 | 31.99 | 31.68 | |
| % First time homebuyer | 40.00% | 37.12% | 38.34% | 39.75% | 31.58% | 32.98% | 34.39% | 32.10% | |
| Avg mortgage insurance % | 11.84% | 12.70% | 11.86% | 11.44% | 10.46% | 10.48% | 5.26% | 4.10% |
Best Mortgage Brokers around Salem, Massachusetts 01970
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Massachusetts 01970 to assist you with your search.
Name
Address
Contact
Quotemearate.Com
31 Bridge St
Salem MA 01970
(978) 745-5105
RE Max Unlimited
14-16 Brown St
Salem MA 01970
(978) 745-5855
http://www.suekeenan.com/
Easy Mortgage Apps
121 Loring Ave
Salem MA 01970
(888) 987-6842
http://easymortgageapps.com
Gaudreault Mortgage Group
90 Highland Ave
Salem MA 01970
(978) 607-0016
Ne Moves Mortgage
7 1/2 Church St
Salem MA 01970
(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