Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Massachusetts Mortgage Rates

Buying that Boston apartment, or refinancing a beachfront home in Cape Cod, will be a much more enjoyable experience when you know you've obtained the best mortgage rate available. Uncovering the most affordable deals in the state is a challenge, particularly if you aren't fluent in mortgage loan lingo. You may or may not know, for example, that:

  • You can reduce your overall interest costs and get a better rate by choosing a loan with a faster pay-off.
  • You should compare different loans by the annual percentage rate (APR) and not the stated rate. Some loans offer a low stated rate, but charge you more upfront. Since the APR includes closing costs, it allows you to compare these different mortgage loans.
  • You should know why one mortgage has a lower payment than another. It could be because the rate is lower, or it could be because the payments don't reduce the debt balance.

You can use Mortgageloan.com to clarify these issues, and anything else that arises during your mortgage search. The site contains a full complement of resources; you can compare lender rates, calculate payments with mortgage calculators, and browse lender contact information.

Quicken Loans

3.958%APR

Rates as of: 8/26/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 3.750%
  • 4.125%
  • 3.875%
  • 4.250%
  • 3.990%
  • 4.375%
  • 4.375%
  • 3.958%
  • 4.338%
  • 4.024%
  • 4.392%
  • 4.158%
  • 4.470%
  • 4.465%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 1.750%
  • 1.750%
  • 1.000%
  • 0.875%
  • 0.000%
  • 0.000%
  • 0.000%
  • $949
  • $994
  • $964
  • $1,008
  • $978
  • $1,024
  • $1,024

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Massachusetts

Want to know what sort of mortgage rates others in your area are getting? This Rate Map for Massachusetts depicts individual mortgage loans obtained by borrowers in various locations across the state. Each balloon represents a single mortgage – clicking on one will provide information on the mortgage rate, amount, loan-to-value ratio and more.

To sort results by credit score or location, make your selections from the column at left.

If you found this tool useful in negotiating a mortgage and would like to add your own loan information to the database (anonymously, of course!), just click on “Share Your Rate” above the map. Your fellow consumers will appreciate it!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Home Equity Loans

The home equity loan is a type of second mortgage that has a fixed rate of interest. These loans are used to convert equity into cash when a full refinance isn't appropriate. Although home equity loan rates in Massachusetts tend to be higher than refinance rates, the home equity loan is the right choice if:

  • You want to save on upfront costs.
  • You have a competitively priced mortgage.
  • You'd rather pay off the home equity debt quickly.

ARMs

Massachusetts lenders have many variations of adjustable-rate mortgages (ARMs) available. ARMs have a fixed rate of interest at the start, which later converts to a variable rate. The low initial payment amount makes the ARM a good option for borrowers who need more buying power now but expect to earn more income later.

Finding Mortgages

There's no substitute for clarifying your budget and your goals prior to setting up lender consultations. The items to consider include:

  • Your future plans. Consider when you might be ready to sell the home and what future events might impact your income. Both of these items might be factors in choosing between an ARM and a fixed-rate mortgage (FRM).
  • Your budget. First, review how rates compare from one mortgage type to the next. You'll see that FRMs might have higher opening rates than ARMs, or refinances will have lower rates than second mortgages. Then use mortgage calculators to test the numbers on various loans, amounts, and rates. This should clarify your budget and improve your knowledge of the options available.

Once you're ready to consult with several different Massachusetts lenders, you can find contact information in the Massachusetts broker directory. Select a few and start scheduling appointments. Once you start submitting loan applications, your mortgage offers will start rolling in!

Additional Local Rates Pages

See Boston Mortgage Rates.