Mortgage and Refinance Rates in Boston

Use our comparison table to compare refinance and mortgage rates in Boston

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Today's Rates In Boston

Locating a low rate Boston refinance or mortgage is more involved than simply finding a lender. The process requires you to shore up your mortgage loan expertise, so that you can intelligently discuss your goals and make good decisions. If your lender recommends a 3/1 ARM, for example, you need to understand what that entails. Fortunately, is a free and trustworthy resource designed to help you learn all about mortgages. You can look over articles covering HELOCs, adjustable-rate mortgages (ARMs), PMI, and more. You can preview mortgage interest rates, and quickly request rate quotes tailored to your individual situation. When you're ready to start running numbers, you can use dozens of mortgage calculators to clarify payments, interest costs, and amortization. You'll have the power of qualified Boston lenders behind you; when it's time to contact lenders directly, you'll find them in our Boston broker directory.

Interest Rates

A little familiarity with how Boston mortgage interest rates work goes a long way in your mortgage search. When you want the lowest rate possible, you can manipulate certain factors to your advantage. For example:

  • Your qualifications are important to prospective lenders. Reduce your outstanding debt and establish a regular pattern of on-time bill paying.
  • Lenders don't want to be stuck holding a house that's worth less than the loan balance. Borrow money from family if you can't afford a 20 percent down payment. If you're refinancing, choose an amount for less than 80 percent of the home's value.
  • Non-conforming loans have higher rates than conforming loans. Ask prospective lenders what the current guidelines are for conforming mortgages, and then figure out how to meet those guidelines.

Bad Credit?

If you have a marred credit report, you have less leeway in negotiating your rate. You'll need to rely on shopping around to get the best deal. Remember that you, not your lender, should decide what payment level you can afford. You can find suitable Boston lenders in the Boston broker directory; contact several of them to discuss your situation. As you start receiving loan quotes, review the terms thoroughly, using a mortgage calculator to assist you.


Home of the Red Sox and the Celtics, Beantown has its share of sports fan. The bustling East Coast city also has a fair share of qualified mortgage lenders with low rate mortgage programs. You can get a feel for your options by requesting prequalification estimates. These estimates aren't definite, however, so don't make decisions until you've submitted loan applications and received firm mortgage quotes. See the Boston broker directory for lenders to contact.

Once you have mortgage offers, use our mortgage calculators to help you clear up uncertainties as to the payments and interest costs associated with each program. You can also compare fixed-rate mortgages to adjustable-rate mortgages, or 15-year mortgages to 30-year mortgages. All that's left to do is pick the best offer and get ready for closing.