Compare Today’s Mortgage Rates in Spencer, Massachusetts 01562
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Spencer, Massachusetts 01562.
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 $20,926 over the lifetime of your 30-year fixed loan, or a monthly savings of $58 in Spencer 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 Spencer, Massachusetts 01562
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Spencer, Massachusetts 01562
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Spencer, MA 01562. 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 Spencer, Massachusetts 01562 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Spencer, 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 Spencer, Massachusetts 01562
For those searching for a new home in Spencer, we have compiled a list of the top mortgage brokers located in and around Spencer, Massachusetts 01562 to assist 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