Compare Today’s Mortgage Rates for Spencer, Massachusetts

Pureloan searches mortgage lenders and major banks in Spencer, Massachusetts 01562 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $22,648 or $63 / month is expected in Spencer and other areas of Worcester county.

Pureloan’s search engine explores all home mortgage options in Spencer, Massachusetts 01562, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.244103 -71.990617

Summary of Average Mortgage Terms in Spencer, Massachusetts 01562

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Spencer, MA

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Spencer, MA 01562, 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 Spencer, MA

Historical Mortgage Rates for Spencer, Massachusetts 01562 from 2014 - 2021

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

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 90.33% 88.55% 88.35% 90.40% 90.27% 90.27% 91.83% 91.51%
avg mortgage rate 4.90% 4.63% 3.85% 3.93% 4.40% 4.08% 3.86% 4.02%
% 15 year fixed mortgage 7.21% 8.72% 7.93% 8.29% 8.48% 8.20% 6.51% 6.71%
avg mortgage rate 4.32% 3.90% 3.19% 3.11% 3.40% 3.21% 3.09% 3.24%
Avg credit score 763.06 765.44 759.43 756.85 754.49 752.77 751.21 751.98
Avg LTV (loan to value) 76.75% 77.57% 80.06% 80.77% 82.18% 82.38% 82.56% 82.69%
Avg DTI (debt to income) 31.94 31.84 32.20 32.30 33.23 33.39 33.78 34.35
% First time homebuyer 34.51% 34.68% 35.24% 36.91% 40.24% 37.73% 40.38% 40.69%
Avg mortgage insurance % 6.07% 6.56% 9.67% 10.73% 12.64% 13.16% 13.15% 13.14%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Spencer, Massachusetts 01562

If you’re looking to buy a new home in Spencer, we have compiled a list of the leading mortgage brokers around Spencer, Massachusetts 01562 to help you with your search.

Name
Address
Contact

Key Home Mortgage Corporation

397 Main St

Spencer MA 01562

(508) 885-8100

Spencer Savings Bank

72 W Main St

Spencer MA 01562

(508) 885-9707

https://www.spencersavingsbank.com/

Residential Mortgage Services

139 Main St

Sturbridge MA 01562

(774) 490-0044

Norcom Mortgage

71 Main St

Sturbridge MA 01562

(774) 241-0770

Premiere Mortgage Services

11 Malvern Hill Rd

Sterling MA 01562

(978) 422-2311

dana@bainmortgage.com

Address

397 Main St

Spencer MA

Contact

(508) 885-8100

Address

72 W Main St

Spencer MA

Contact

(508) 885-9707

https://www.spencersavingsbank.com/

Address

139 Main St

Sturbridge MA

Contact

(774) 490-0044

News on Mortgages and Reverse Mortgages for Spencer, Massachusetts 01562