Compare Today’s Mortgage Rates for Worcester, Massachusetts
Pureloan searches mortgage lenders and major banks in Worcester, Massachusetts 01615 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 $11,938 or $33 / month is expected in Worcester and other areas of Worcester county.
Pureloan’s search engine explores all home mortgage options in Worcester, Massachusetts 01615, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Worcester, Massachusetts 01615
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Worcester, MA
To forecast and predict mortgage rates in Worcester, MA 01615, 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 Worcester, Massachusetts 01615 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Worcester, Massachusetts and around Worcester county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 92.47% | 87.40% | 87.15% | 91.19% | 91.08% | 90.35% | 90.81% | 92.53% |
| avg mortgage rate | 4.92% | 4.64% | 3.86% | 3.92% | 4.41% | 4.07% | 3.87% | 4.06% |
| % 15 year fixed mortgage | 6.35% | 10.14% | 9.57% | 7.69% | 7.68% | 7.27% | 6.71% | 6.82% |
| avg mortgage rate | 4.38% | 3.75% | 3.27% | 3.14% | 3.48% | 3.28% | 3.11% | 3.34% |
| Avg credit score | 760.24 | 760.56 | 760.24 | 760.68 | 753.09 | 755.75 | 751.96 | 750.00 |
| Avg LTV (loan to value) | 78.07% | 79.02% | 80.37% | 82.07% | 83.26% | 83.06% | 83.23% | 81.45% |
| Avg DTI (debt to income) | 31.88 | 32.14 | 31.85 | 32.14 | 33.28 | 33.56 | 33.66 | 34.98 |
| % First time homebuyer | 36.94% | 39.45% | 32.24% | 37.18% | 42.39% | 43.08% | 40.12% | 33.77% |
| Avg mortgage insurance % | 6.31% | 7.97% | 9.51% | 11.81% | 12.62% | 13.96% | 13.08% | 11.42% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Worcester, Massachusetts 01615
If you’re looking to buy a new home in Worcester, we have compiled a list of the leading mortgage brokers around Worcester, Massachusetts 01615 to help you with your search.
Name
Address
Contact
Webfirst Mortgage
271 Greenwood St
Worcester MA 01615
(508) 943-1433
http://webfirstinsurance.com
South Coastal Bank
781 Pleasant St
Worcester MA 01615
(508) 791-0788
cpdcinsurance@mountainone.com
Eagle Nationwide Mortgage Co.
781 Pleasant St
Worcester MA 01615
(508) 791-0788
Primary Residential Mortgage
711 Pleasant St
Worcester MA 01615
(508) 792-0360
rbelanus@primeres.com
Springleaf Financial Services
65 James St
Worcester MA 01615
(508) 792-4240
http://www.springleaffinancial.com/
Address
271 Greenwood St
Worcester MA
Contact
(508) 943-1433
http://webfirstinsurance.com
Address
781 Pleasant St
Worcester MA
Contact
(508) 791-0788
cpdcinsurance@mountainone.com
Address
781 Pleasant St
Worcester MA
Contact
(508) 791-0788