Compare Today’s Refinance Rates for Newton, Massachusetts 02458
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Newton, Massachusetts 02458.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Newton, Massachusetts 02458. For 30-year amortization refinancing, you can expect lifetime cash savings of $106,012 or $294 per month in Newton and other parts of Middlesex county.
Summary of Average Refinances in Newton, Massachusetts 02458
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Interactive Refinance Rate Projections for Newton, Massachusetts 02458
Pureloan has developed an interactive chart to monitor the five largest local lenders in Newton, MA 02458, 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 Newton, Massachusetts 02458 from 2024 - 2016
The following historical data provides insights into refinancing trends in Newton, 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 | 92.59% | 55.21% | 51.53% | 54.12% | 57.94% | 64.29% | 52.00% | 56.67% | 56.34% |
avg refi rate | 6.64% | 3.89% | 2.99% | 3.24% | 4.39% | 4.65% | 4.21% | 3.90% | 4.08% |
% 15 year fixed refinance | 7.41% | 25.35% | 29.32% | 28.27% | 26.64% | 32.14% | 37.00% | 28.52% | 26.49% |
avg refi rate | 6.13% | 2.78% | 2.48% | 2.80% | 3.66% | 3.83% | 3.38% | 3.19% | 3.37% |
Avg credit score | 744.81 | 747.18 | 761.59 | 763.34 | 752.21 | 752.86 | 751.53 | 754.17 | 754.05 |
Avg LTV (loan to value) | 66.33% | 63.97% | 68.19% | 71.22% | 71.36% | 68.61% | 70.17% | 71.40% | 71.63% |
Avg DTI (debt to income) | 36.22 | 33.05 | 30.52 | 30.46 | 31.59 | 31.82 | 32.76 | 30.76 | 30.09 |
Avg refinance insurance % | 5.41% | 1.61% | 2.54% | 4.78% | 5.68% | 4.36% | 4.07% | 4.77% | 4.38% |
Best Refinance Brokers around Newton, Massachusetts 02458
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Newton, Massachusetts 02458, we have compiled a list of top refinance brokers to assist you in the process.
Robert Wade
Senior Loan Officer
1261 Centre St
Newton, MA 02458
(508) 958-4275
robert.wade@phhhomeloansne.com
Ellen Klapper
Mortgage Loan Officer
188 Needham St
Newton, MA 02458
(617) 967-8461
e.klapper@easternbank.com
Rich Tuttle
Loan Originator
118 Needham St 2nd Floor
Newton, MA 02458
(617) 965-9188
rich.tuttle@indmortgage.com
Michael Todd
Mortgage Loan Originator
313 Washington Street Suite 221
Newton, MA 02458
(508) 320-9622
michael.todd@homebridge.com
Kevin Murphy
Mortgage Loan Originator
313 Washington Street Suite 221
Newton, MA 02458
(617) 928-7154
kevin.murphy@homebridge.com
Address
1261 Centre St
Newton, MA
Contact
(508) 958-4275
Fax (301) 639-0804
robert.wade@phhhomeloansne.com
Address
188 Needham St
Newton, MA
Contact
(617) 967-8461
Fax (301) 639-0804
e.klapper@easternbank.com
Address
118 Needham St 2nd Floor
Newton, MA
Contact
(617) 965-9188
Fax (301) 639-0804
rich.tuttle@indmortgage.com