Compare Today’s Refinance Rates for Cambridge, Massachusetts 02238
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Cambridge, Massachusetts 02238.
With a 30-year amortization refinance in Cambridge and surrounding areas of Middlesex county, our calculations show that you can expect to save up to $24,260 over the lifetime of your mortgage, or a monthly savings of $67. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Cambridge, Massachusetts 02238.
Summary of Average Refinances in Cambridge, Massachusetts 02238
Become a certified mortgage expert on Pureloan.com
in Cambridge, Massachusetts 02238
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Cambridge, Massachusetts 02238
Pureloan has developed an interactive chart to monitor the five largest local lenders in Cambridge, MA 02238, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Cambridge, Massachusetts 02238 from 2024 - 2016
The following historical data provides insights into refinancing trends in Cambridge, Massachusetts and the surrounding Middlesex county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 90.91% | 59.04% | 66.42% | 65.46% | 68.62% | 66.13% | 62.03% | 70.79% | 63.32% |
avg refi rate | 5.93% | 3.51% | 2.96% | 3.27% | 4.14% | 4.58% | 4.06% | 3.86% | 4.10% |
% 15 year fixed refinance | 9.09% | 21.77% | 21.00% | 19.39% | 20.50% | 24.19% | 29.54% | 20.63% | 25.10% |
avg refi rate | 5.38% | 2.68% | 2.46% | 2.82% | 3.61% | 3.91% | 3.34% | 3.11% | 3.31% |
Avg credit score | 737.00 | 740.04 | 764.03 | 758.06 | 748.68 | 748.18 | 756.64 | 761.36 | 759.60 |
Avg LTV (loan to value) | 59.09% | 60.84% | 67.92% | 72.07% | 73.66% | 71.20% | 72.39% | 73.41% | 72.19% |
Avg DTI (debt to income) | 37.00 | 32.40 | 31.34 | 31.17 | 32.94 | 33.52 | 31.89 | 31.16 | 30.56 |
Avg refinance insurance % | 1.20% | 2.73% | 4.88% | 6.10% | 4.78% | 5.24% | 5.72% | 4.68% |
Best Refinance Brokers around Cambridge, Massachusetts 02238
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Cambridge, Massachusetts 02238, we have compiled a list of top refinance brokers to assist you in the process.
Jay Hughes
Senior Loan Officer
1730 Massachusetts Ave
Cambridge, MA 02238
(617) 756-9960
hughes@phhhomeloansne.com
Meghan Phripp
Coordinator
124 Mt Auburn St,
Cambridge, MA 02238
(617) 495-5731
meghan_phripp@harvard.edu
Carly Patane
Staff Assistant
124 Mt Auburn St,
Cambridge, MA 02238
(617) 495-5731
carly_patane@harvard.edu
Kate Oconnor
Staff Assistant
124 Mt Auburn St,
Cambridge, MA 02238
(617) 495-5731
kate_oconnor@harvard.edu
Alasdair Halliday
Philanthropic Advisor And Director Of Principal Gifts
124 Mt Auburn St,
Cambridge, MA 02238
(617) 495-5731
alasdair_halliday@harvard.edu
Address
1730 Massachusetts Ave
Cambridge, MA
Contact
(617) 756-9960
Fax (301) 639-0804
hughes@phhhomeloansne.com
Address
124 Mt Auburn St,
Cambridge, MA
Contact
(617) 495-5731
Fax (301) 639-0804
meghan_phripp@harvard.edu
Address
124 Mt Auburn St,
Cambridge, MA
Contact
(617) 495-5731
Fax (301) 639-0804
carly_patane@harvard.edu