Compare Today’s Mortgage Rates for Somerville, Massachusetts

Pureloan searches all major banks and mortgage lenders for the best home loan rates in Somerville, Massachusetts 02145. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $95,080 or $264 / 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 02145.

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Summary of Average Mortgage Terms in Somerville, Massachusetts 02145

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Historical Mortgage Rates for Somerville, Massachusetts 02145 from 2012 - 2019

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.

2012 2013 2014 2015 2016 2017 2018 2019
% 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 02145

If you’re looking to buy a new home in Somerville, we have compiled a list of the leading mortgage brokers around Somerville, Massachusetts 02145 to help you with your search.

Name
Address
Contact

Brendan Loehr

396 Highland Ave

Somerville MA 02145

(617) 776-2323

Powder House Mortgage Co.

775 Broadway

Somerville MA 02145

(617) 666-0309

changes@phmcdirect.com

Bill Pick - Santander Mortgage

403 Highland Ave

Somerville MA 02145

(617) 335-3340

wpick@santander.us

Excel Mortgage & Investments

22 Union Sq

Somerville MA 02145

(617) 628-4927

Eyeswide Enterprise

58 School St

Somerville MA 02145

(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 02145