Compare Today’s Mortgage Rates for West Springfield, Massachusetts
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in West Springfield, Massachusetts 01089. 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 $18,988 or $53 / month in West Springfield and surrounding areas of Hampden 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 West Springfield, Massachusetts 01089.
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Summary of Average Mortgage Terms in West Springfield, Massachusetts 01089
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Interactive Mortgage Rate Projections for West Springfield, MA
To forecast and predict mortgage rates in West Springfield, MA 01089, 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.
Historical Mortgage Rates for West Springfield, Massachusetts 01089 from 2014 - 2021
We have compiled mortgage rate charts for home loans in West Springfield, Massachusetts and around Hampden 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 | 92.97% | 89.03% | 90.27% | 89.82% | 89.64% | 88.76% | 90.85% | 91.47% |
| avg mortgage rate | 4.97% | 4.69% | 3.90% | 3.87% | 4.37% | 4.03% | 3.82% | 4.04% |
| % 15 year fixed mortgage | 5.39% | 8.60% | 7.44% | 7.49% | 8.26% | 7.28% | 6.58% | 6.76% |
| avg mortgage rate | 4.39% | 3.91% | 3.18% | 3.12% | 3.45% | 3.20% | 3.14% | 3.15% |
| Avg credit score | 763.63 | 761.32 | 763.23 | 762.96 | 756.89 | 753.35 | 756.12 | 749.00 |
| Avg LTV (loan to value) | 69.30% | 70.11% | 75.29% | 75.38% | 76.49% | 77.63% | 76.85% | 79.15% |
| Avg DTI (debt to income) | 32.54 | 32.93 | 32.05 | 31.52 | 33.10 | 33.90 | 33.84 | 35.14 |
| % First time homebuyer | 57.27% | 41.40% | 38.77% | 46.49% | 46.55% | 42.66% | 43.08% | 40.00% |
| Avg mortgage insurance % | 2.40% | 3.11% | 5.88% | 6.29% | 8.03% | 8.16% | 9.31% | 9.75% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around West Springfield, Massachusetts 01089
If you’re looking to buy a new home in West Springfield, we have compiled a list of the leading mortgage brokers around West Springfield, Massachusetts 01089 to help you with your search.
Name
Address
Contact
National City Mortgage
274 Westfield St
West Springfield MA 01089
(413) 788-9924
http://www.pncmortgage.com
K Mortgages
172 South Blvd
West Springfield MA 01089
(800) 675-2035
Assurance Mortgage of America
131 Elm St
West Springfield MA 01089
(800) 366-0064
Ivy Mortgage
136 Baldwin St
West Springfield MA 01089
(413) 734-4418
C TX Mortgage
16 South Blvd
West Springfield MA 01089
(413) 732-6645
Address
274 Westfield St
West Springfield MA
Contact
(413) 788-9924
http://www.pncmortgage.com
Address
172 South Blvd
West Springfield MA
Contact
(800) 675-2035
Address
131 Elm St
West Springfield MA
Contact
(800) 366-0064