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Boston Mortgage Rates

Updated: June 20, 2019

Compare today's rates for Mortgage Refinance in MA

Loan Program
Loan Amount
Loan Type:
Credit Score


30 Year Fixed
3.750% Rate $926/mo
  • Updated June 20, 2019
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30 Year Fixed
4.375% Rate $999/mo
  • Updated June 20, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available


30 Year Fixed
4.500% Rate $1,014/mo
  • Updated June 20, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.


30 Year Fixed
4.375% Rate $999/mo
  • Updated June 20, 2019
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  • In just minutes, we’ll be able to tell you how much you can save in time and money on your loan.

Mortgage rates for Boston, Massachusetts go down to 3.94%

Thursday, June 20, 2019

Mortgage rates for Boston, Massachusetts on Lender411 for 30-year fixed-rate mortgages are at 3.94%. That dropped from 4.31% to 3.94%. The 15-year fixed rates are now at 3.38%. The 5/1 ARM mortgage for Boston, Massachusetts is now at 4.17%.

Boston harborBoston was incorporated as a town in 1630 and became a city in 1822, making it one of America's oldest cities and the capital of Massachusetts. The healthcare research technology and education industries all fuel Boston's wealthy economy. 

Boston FHA Loans

The Federal Housing Administration (FHA) insures loans that have long been favorites of first time buyers and those with smaller cash reserves thanks to its low down payment requirement and relaxed credit standards. If you qualify, you'll be subject to the following requirements:

  • Down payment, loan-to-value (LTV): 3.5%, 96.5%.
  • Credit score minimum: Typically 580 or greater. 
  • Debt-to-income (DTI): Typically 45-50% or less. 
  • Upfront mortgage insurance of 1.75% the base loan amount is required. 

Annual mortgage insurance premiums of varying percentage are also required, and paid monthly. New FHA borrowers, however, will receive annual MIP rates of half a percent lower than the original rate, typically 1.35%.

Boston First Time Homebuyer Loan Programs

If you’re looking to buy a home in Boston as a first time homebuyer, chances are that you may need some financial assistance to do so. Luckily, you have some resources available to you that will make this process a lot easier and more affordable - including down payment assistance options. To learn more about Boston first time homebuyer programs and your eligibility, visit Lender411's page for Boston first mortgage.

Statewide Grants and Assistance Programs

The Massachusetts Housing Partnership, or MHP, offers the ONE Mortgage Program for low to moderate income first time homebuyers. The ONE program was formerly called SoftSecond. The goal of ONE is to eliminate the cost of mortgage insurance and lighten the monthly payment of participants. 

Program features and requirements:

  • Fixed interest rate.
  • 3% minimum down payment.
  • No mortgage insurance.
  • No more than $75,000 in annual household income.
  • Meet credit score standards of participating lender (varies).

Participants who meet specified income requirements may be eligible for an initial interest subsidy, whereby the lender pays for a portion of the mortgage. To find out more about applying for mortgage assistance, visit the ONE Program page for borrower eligibility

Popular loan programs

user suit Lenders in: Boston, Massachusetts.

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