Compare Today’s Refinance Rates for West Medford, Massachusetts 02156
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in West Medford, Massachusetts 02156.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $20,883 over the lifetime of your mortgage, which translates to a monthly savings of $58 in West Medford and other areas of Middlesex county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in West Medford, Massachusetts 02156
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Interactive Refinance Rate Projections for West Medford, Massachusetts 02156
Pureloan has developed an interactive chart to monitor the five largest local lenders in West Medford, MA 02156, 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 West Medford, Massachusetts 02156 from 2024 - 2016
The following historical data provides insights into refinancing trends in West Medford, 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 | 33.33% | 44.26% | 46.64% | 47.95% | 80.00% | 65.52% | 40.54% | 59.26% | 64.10% |
avg refi rate | 7.00% | 3.92% | 2.97% | 3.16% | 4.32% | 4.46% | 3.91% | 3.86% | 4.03% |
% 15 year fixed refinance | 33.33% | 37.70% | 36.94% | 35.09% | 6.67% | 24.14% | 45.95% | 29.63% | 25.64% |
avg refi rate | 5.99% | 3.15% | 2.50% | 2.78% | 3.75% | 4.03% | 3.28% | 3.21% | 3.29% |
Avg credit score | 694.00 | 739.85 | 761.09 | 765.48 | 749.83 | 743.79 | 754.00 | 756.89 | 768.00 |
Avg LTV (loan to value) | 60.00% | 60.39% | 64.83% | 67.49% | 71.73% | 69.55% | 67.38% | 68.24% | 70.38% |
Avg DTI (debt to income) | 36.67 | 34.11 | 32.15 | 30.28 | 32.40 | 35.31 | 33.27 | 31.41 | 29.77 |
Avg refinance insurance % | 2.18% | 2.14% | 3.03% | 2.03% | 2.55% | 2.14% | 2.81% | 4.08% |
Best Refinance Brokers around West Medford, Massachusetts 02156
If you are considering refinancing your mortgage or obtaining a cash-out refinance in West Medford, Massachusetts 02156, we have compiled a list of top refinance brokers to assist you in the process.
Angela Blanchard
Loan Officer Assistant
15 Beach Street
Quincy, MA 02156
(617) 471-0750
blanchard@colonialfed.com
David Grossman
Loan Officer
859 Willard Street Suite 50
Quincy, MA 02156
david@grossmanco.com
George Morrill
Loan Officer
859 Willard Street Suite 50
Quincy, MA 02156
george@grossmanco.com
Michael Basile
Loan Officer
859 Willard Street Suite 50
Quincy, MA 02156
mbasile@grossmanco.com
Louis Grossman
Chairman
859 Willard Street Suite 50
Quincy, MA 02156
(617) 472-2000
lgrossman@grossmanco.com
Address
15 Beach Street
Quincy, MA
Contact
(617) 471-0750
Fax (301) 639-0804
blanchard@colonialfed.com
Address
859 Willard Street Suite 50
Quincy, MA
Contact
Fax (301) 639-0804
david@grossmanco.com
Address
859 Willard Street Suite 50
Quincy, MA
Contact
Fax (301) 639-0804
george@grossmanco.com