Mortgage rates for Massachusetts on Lender411 for 30-year fixed-rate mortgages are at 4.31%. That dropped from 4.46% to 4.31%. The 15-year fixed rates are now at 3.57%. The 5/1 ARM mortgage for Massachusetts is now at 3.33%.
Below you can find 30-year fixed rates for Mortgage Refinance for Massachusetts for the loan amount of $200,000.
If you are looking for up to the minute Massachusetts mortgage rates, you’ve come to the right place. Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Massachusetts. Talk to multiple mortgage lenders in MA to compare rate quotes and understand your options.
For a more precise rate quote in your county, you can also browse Massachusetts Mortgage Rates by county.
Why is it critical to find the lowest rate when refinancing? Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan. This can literally save you thousands of dollars.
The loan types available in Massachusetts are much like those available elsewhere. One of the most widely available mortgage loan types is the 30 year fixed rate mortgage. As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.
The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest-only loan, balloon mortgage, or other specialized loan type. Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.
Massachusetts is a historic state in the New England region of the United States with a population of over six million people, most of whom live in the Boston area. Massachusetts has a climate identified as humid continental and is known features hot summers and cold winters that typically include a lot of snowfall. The Massachusetts economy is built on the fields of education, finance, biotechnology, health care, and tourism. In addition to this, however, Massachusetts is also known regionally and nationally for several agricultural products, with output consisting of cranberries, dairy products, vegetables and seafood.
Major cities in Massachusetts include Boston, Worcester, Springfield, and Lowell. If you’re looking for culture and history, great university, and natural beauty and scenic views, then Massachusetts may be the right place for you to own a home.
To learn more about homeownership in Massachusetts or research MA home buying programs, visit the Massachusetts HUD portal.
Follow these links to learn more about Massachusetts mortgages.