Massachusetts Mortgage and Refinance Rates

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Current Massachusetts Mortgage Rates

Average market rates for 12-05-2023 in Massachusetts are 7.005% for 30 Year Fixed Purchase and 7.083% for 30 Year Fixed Refinance

DateProductRate
12-05-202330 Year Fixed Purchase7.005%
12-05-202330 Year Fixed Refinance7.083%

Massachusetts Purchase Rates

DateProductRate
12-05-202315 Year Fixed Purchase6.21%
12-05-202315 Year fixed Jumbo Purchase6.751%
12-05-202330 Year Fixed Purchase7.005%
12-05-202330 Year Fixed Jumbo Purchase7.47%

Massachusetts Refinance Rates

DateProductRate
12-05-202315 Year Fixed Refinance6.204%
12-05-202315 Year fixed Jumbo Refinance6.727%
12-05-202330 Year Fixed Refinance7.083%
12-05-202330 Year Fixed Jumbo Refinance7.465%

Massachusetts ARM Rates

DateProductRate
12-05-20235/6 ARM SOFR Purchase7.157%
12-05-20235/6 ARM SOFR Refinance7.193%
12-05-20235/6 ARM Jumbo SOFR Purchase6.74%
12-05-20235/6 ARM Jumbo SOFR Refinance6.76%

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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