Compare Today’s Mortgage Rates in Southbridge, Massachusetts 01550
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Southbridge, Massachusetts 01550.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $17,279 over the lifetime of your 30-year fixed loan, or a monthly savings of $48 in Southbridge and other areas of Worcester county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Southbridge, Massachusetts 01550
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Southbridge, Massachusetts 01550
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Southbridge, MA 01550. 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 Southbridge, Massachusetts 01550 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Southbridge, Massachusetts and around Worcester 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 | 93.27% | 92.76% | 93.32% | 92.13% | 91.18% | 88.23% | 91.60% | 88.93% | 89.72% |
| avg mortgage rate | 6.45% | 4.53% | 2.96% | 3.26% | 4.34% | 4.57% | 4.09% | 3.90% | 4.06% |
| % 15 year fixed mortgage | 6.25% | 5.70% | 5.36% | 6.85% | 6.48% | 9.94% | 6.87% | 9.70% | 9.52% |
| avg mortgage rate | 5.45% | 3.62% | 2.43% | 2.84% | 3.74% | 3.93% | 3.43% | 3.13% | 3.25% |
| Avg credit score | 748.92 | 752.86 | 766.67 | 760.33 | 765.59 | 754.80 | 754.92 | 753.38 | 756.74 |
| Avg LTV (loan to value) | 83.95% | 84.61% | 85.01% | 84.23% | 83.65% | 82.35% | 83.71% | 82.71% | 83.18% |
| Avg DTI (debt to income) | 36.06 | 34.89 | 32.92 | 33.42 | 33.94 | 33.97 | 34.43 | 33.32 | 32.36 |
| % First time homebuyer | 51.44% | 49.23% | 46.95% | 43.22% | 41.92% | 40.71% | 38.50% | 36.57% | 34.71% |
| Avg mortgage insurance % | 15.59% | 15.60% | 15.74% | 14.94% | 14.47% | 13.18% | 13.30% | 12.89% | 13.46% |
Best Mortgage Brokers around Southbridge, Massachusetts 01550
For those searching for a new home in Southbridge, we have compiled a list of the top mortgage brokers located in and around Southbridge, Massachusetts 01550 to assist you with your search.
Name
Address
Contact
Mortgage Masters
400 Main St
Southbridge MA 01550
(774) 318-1040
http://www.mortgagemasterinc.com/
Family Choice Mortgage
398 Main St
Southbridge MA 01550
(508) 764-7565
http://www.familychoicemortgage.com
Mortgage Network
400 Main St
Southbridge MA 01550
(508) 909-0480
info@mortgagenetwork.net
Southbridge Credit Union
155 Main St
Southbridge MA 01550
(508) 764-1773
thomas.smalarz@sbgecu.org
Address
400 Main St
Southbridge MA
Contact
(774) 318-1040
http://www.mortgagemasterinc.com/
Address
398 Main St
Southbridge MA
Contact
(508) 764-7565
http://www.familychoicemortgage.com
Address
400 Main St
Southbridge MA
Contact
(508) 909-0480
info@mortgagenetwork.net