Compare Today’s Mortgage Rates in Somerset, Massachusetts 02725
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Somerset, Massachusetts 02725.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Somerset, Massachusetts 02725. For a 30-year fixed loan, our calculations show that you can expect to save up to $20,926 over the lifetime of your mortgage, which translates to a monthly savings of $58 in Somerset and other areas of Bristol county.
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Summary of Average Mortgages in Somerset, Massachusetts 02725
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Somerset, Massachusetts 02725
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Somerset, MA 02725. 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 Somerset, Massachusetts 02725 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Somerset, Massachusetts and around Bristol 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 | 92.59% | 90.93% | 89.43% | 87.12% | 85.66% | 83.09% | 82.93% | 82.36% | 82.06% |
avg mortgage rate | 6.52% | 4.55% | 3.08% | 3.43% | 4.44% | 4.63% | 4.16% | 3.92% | 4.08% |
% 15 year fixed mortgage | 7.41% | 6.68% | 8.69% | 10.47% | 9.85% | 11.00% | 13.17% | 13.70% | 14.52% |
avg mortgage rate | 5.89% | 3.78% | 2.44% | 2.91% | 3.89% | 3.99% | 3.44% | 3.17% | 3.18% |
Avg credit score | 748.81 | 758.98 | 761.00 | 753.48 | 749.85 | 772.20 | 771.91 | 754.22 | 758.15 |
Avg LTV (loan to value) | 80.04% | 80.96% | 83.08% | 84.28% | 83.25% | 81.20% | 81.23% | 81.88% | 80.87% |
Avg DTI (debt to income) | 35.69 | 34.88 | 32.95 | 32.56 | 32.85 | 33.35 | 32.56 | 31.32 | 31.67 |
% First time homebuyer | 33.80% | 30.81% | 29.67% | 28.69% | 30.42% | 25.45% | 23.75% | 25.00% | 26.61% |
Avg mortgage insurance % | 12.59% | 12.00% | 13.44% | 14.05% | 13.45% | 10.86% | 10.73% | 10.76% | 10.57% |
Best Mortgage Brokers around Somerset, Massachusetts 02725
For those searching for a new home in Somerset, we have compiled a list of the top mortgage brokers located in and around Somerset, Massachusetts 02725 to assist you with your search.
Name
Address
Contact
Fresh Start Auto Finance
11 Grand Army Hwy
Somerset MA 02725
(508) 679-9994
Merrimack Mortgage Co Inc.
380 Wareham Rd
Marion MA 02725
(508) 748-1101
http://www.BRIANSPRINGMANN.com
Mortgage Planning Partners
368 Front St
Marion MA 02725
(508) 748-1101
Residential Mortgage Group
368 Front St
Marion MA 02725
(508) 748-9919
Mortgage Planning Partners
380 Wareham Rd
Marion MA 02725
(508) 748-1101
Address
11 Grand Army Hwy
Somerset MA
Contact
(508) 679-9994
Address
380 Wareham Rd
Marion MA
Contact
(508) 748-1101
http://www.BRIANSPRINGMANN.com
Address
368 Front St
Marion MA
Contact
(508) 748-1101