Compare Today’s Refinance Rates for Somerville, Massachusetts

Pureloan analyzes refinance lenders to give you the best real-time home refi rates for Somerville, Massachusetts 02144. Search for lower interest rates, cash-out refi, or a home equity loan. For 30-year amortization refinancing in Somerville and other areas of Middlesex county, expected lifetime cash savings are $14,170 or $39 / month.

For Somerville, Massachusetts 02144, Pureloan’s search engine analyzes all refi loan options including positive equity refinancing, short home refinancing, and HELOC.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Somerville, Massachusetts 02144

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Somerville, MA

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Somerville, MA 02144, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Somerville, MA

Refinance Rates for Somerville, Massachusetts 02144 from 2013 - 2020

Below are historical data on refinancing in Somerville, Massachusetts and around Middlesex county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 61.77% 54.26% 57.92% 61.89% 62.73% 65.40% 63.94% 56.48%
avg refi rate 4.85% 4.50% 3.92% 3.71% 4.49% 4.03% 3.84% 3.90%
% 15 year fixed refinance 25.13% 29.35% 27.06% 26.89% 25.02% 21.83% 23.55% 27.50%
avg refi rate 4.25% 3.77% 3.23% 2.94% 3.52% 3.24% 3.05% 3.12%
Avg credit score 768.01 769.02 771.74 765.78 752.15 759.24 760.54 755.00
Avg LTV (loan to value) 62.75% 63.63% 64.65% 65.37% 67.62% 68.02% 66.19% 63.55%
Avg DTI (debt to income) 31.24 31.03 30.29 30.50 33.47 32.77 32.46 32.96
Avg refinance insurance % 0.91% 1.35% 1.53% 2.34% 3.70% 3.53% 2.96% 3.00%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Somerville, Massachusetts 02144

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Somerville, Massachusetts 02144, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Charles Gray

Branch Manager

399 Highland Avenue

Somerville, MA 02144

(617) 628-4000

charles.gray@rocklandtrust.com

Fred Ginches

Loan Officer

775 Broadway

Somerville, MA 02144

(617) 512-3999

fred@phmcdirect.com

Arnold Baer

Loan Officer

775 Broadway

Somerville, MA 02144

(617) 284-9220

a.baer@phmcdirect.com

Lindsay Venza

Branch Manager

53 White Street

Cambridge, MA 02144

lvenza@cambridgesavings.com

Tim Brennan

Loan Officer

46 Church Street

Braintree, MA 02144

(800) 860-8821

tbrennan@camdennational.com

Address

399 Highland Avenue

Somerville, MA

Contact

(617) 628-4000

Fax (301) 639-0804

charles.gray@rocklandtrust.com

Address

775 Broadway

Somerville, MA

Contact

(617) 512-3999

Fax (301) 639-0804

fred@phmcdirect.com

Address

775 Broadway

Somerville, MA

Contact

(617) 284-9220

Fax (301) 639-0804

a.baer@phmcdirect.com

Refinancing News for Somerville, Massachusetts 02144