Massachusetts Mortgage and Refinance Rates

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Current Massachusetts Mortgage Rates

Average market rates for June 16, 2024 in Massachusetts are 6.89% for 30-year fixed purchase and 6.96% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase6.89%6.92%
30-year Fixed Refinance6.96%6.99%
Rates based on market averages as of Jun 16, 2024.
ProductRateAPR
30-year Fixed Purchase6.89%6.92%
30-year Fixed Refinance6.96%6.99%
Rates based on market averages as of Jun 16, 2024.

Massachusetts Purchase Rates

ProductRateAPR
15-year Fixed Purchase5.96%6.01%
15-year Fixed Jumbo Purchase6.40%6.42%
30-year Fixed Purchase6.89%6.92%
30-year Fixed Jumbo Purchase7.35%7.38%
Rates based on market averages as of Jun 16, 2024.

Massachusetts Refinance Rates

ProductRateAPR
15-year Fixed Refinance5.95%6.00%
15-year Fixed Jumbo Refinance6.41%6.42%
30-year Fixed Refinance6.96%6.99%
30-year Fixed Jumbo Refinance7.39%7.42%
Rates based on market averages as of Jun 16, 2024.

Massachusetts ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.29%7.33%
5/6 Arm (refinance)7.40%7.45%
5/6 Jumbo Arm (purchase)6.80%6.81%
5/6 Jumbo Arm (refinance)6.86%6.87%
Rates based on market averages as of Jun 16, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Massachusetts

  • Conventional: 59,332 loans
  • FHA: 7,699 loans
  • USDA: 86 loans
  • VA: 2,008 loans

Top Purchase Lenders in Massachusetts by Volume

  • Guaranteed Rate, Inc.: 3,938 loans
  • Fairway Independent Mortgage Corporation: 3,238 loans
  • Leader Bank: 2,860 loans
  • Crosscountry Mortgage, LLC: 2,563 loans
  • Guild Mortgage Company LLC: 1,833 loans
  • Rocket Mortgage, LLC: 1,808 loans
  • Citizens Bank: 1,607 loans
  • First Republic Bank: 1,594 loans
  • The Cape Cod Five Cents Savings Bank: 1,430 loans
  • Mortgage Network, Inc.: 1,271 loans

Top Refinance Lenders in Massachusetts by Volume

  • Citizens Bank: 3,812 loans
  • Eastern Bank: 1,057 loans
  • Bank Of America: 844 loans
  • Rocket Mortgage, LLC: 747 loans
  • Rockland Trust Company: 697 loans
  • Td Bank: 522 loans
  • Guaranteed Rate, Inc.: 366 loans
  • Loandepot.com, LLC: 361 loans
  • Institution For Savings In Newburyport And Its Vicinity: 357 loans
  • Hanscom Federal Credit Union: 340 loans

Top Cash-Out Refinance Lenders in Massachusetts by Volume

  • Rocket Mortgage, LLC: 3,686 loans
  • Loandepot.com, LLC: 1,215 loans
  • Nationstar Mortgage LLC: 921 loans
  • The Cape Cod Five Cents Savings Bank: 747 loans
  • Citizens Bank: 563 loans
  • Guaranteed Rate, Inc.: 540 loans
  • Freedom Mortgage Corporation: 517 loans
  • Wells Fargo Bank: 514 loans
  • Digital: 505 loans
  • Pennymac Loan Services, LLC: 485 loans

How we source lender data

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