Compare Today’s Mortgage Rates for Somerville, Massachusetts

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Somerville, Massachusetts 02144. 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 $27,278 or $76 / month in Somerville and surrounding areas of Middlesex 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 Somerville, Massachusetts 02144.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Somerville, Massachusetts 02144

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Somerville, MA

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Somerville, MA 02144, 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 Somerville, MA

Historical Mortgage Rates for Somerville, Massachusetts 02144 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Somerville, Massachusetts and around Middlesex county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 92.45% 91.31% 91.42% 91.52% 92.13% 91.23% 93.13% 92.07%
avg mortgage rate 4.97% 4.68% 3.90% 3.96% 4.44% 4.12% 3.92% 4.10%
% 15 year fixed mortgage 5.87% 6.42% 6.80% 7.32% 6.65% 7.56% 5.51% 6.60%
avg mortgage rate 4.28% 3.93% 3.16% 3.11% 3.42% 3.20% 3.13% 3.26%
Avg credit score 762.41 763.47 762.30 760.29 757.19 757.03 756.40 756.75
Avg LTV (loan to value) 74.14% 75.94% 77.55% 77.96% 78.61% 79.49% 79.23% 78.50%
Avg DTI (debt to income) 33.94 33.36 32.46 33.31 34.09 34.62 34.63 35.69
% First time homebuyer 46.16% 44.36% 44.01% 48.60% 48.27% 51.41% 47.46% 45.87%
Avg mortgage insurance % 3.28% 5.30% 7.07% 8.03% 9.11% 10.25% 9.73% 9.43%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Somerville, Massachusetts 02144

If you’re looking to buy a new home in Somerville, we have compiled a list of the leading mortgage brokers around Somerville, Massachusetts 02144 to help you with your search.

Name
Address
Contact

Brendan Loehr

396 Highland Ave

Somerville MA 02144

(617) 776-2323

Powder House Mortgage Co.

775 Broadway

Somerville MA 02144

(617) 666-0309

changes@phmcdirect.com

Bill Pick - Santander Mortgage

403 Highland Ave

Somerville MA 02144

(617) 335-3340

wpick@santander.us

Excel Mortgage & Investments

22 Union Sq

Somerville MA 02144

(617) 628-4927

Eyeswide Enterprise

58 School St

Somerville MA 02144

(888) 376-9266

Address

396 Highland Ave

Somerville MA

Contact

(617) 776-2323

Address

775 Broadway

Somerville MA

Contact

(617) 666-0309

changes@phmcdirect.com

Address

403 Highland Ave

Somerville MA

Contact

(617) 335-3340

wpick@santander.us

News on Mortgages and Reverse Mortgages for Somerville, Massachusetts 02144