Massachusetts Mortgage Rates: MA Mortgage Rates Up From Low Still Unusually Low
By: Bruno Mckenzie
There’s been few times since Freddie Mac began tracking mortgage rates that Massachusetts mortgage rates have been so low. Today’s Massachusetts mortgage interest rates are in line with national averages. Today’s MA 30 year fixed rate is 4.75%, down from 4.875% yesterday and 4.5% just 3 weeks ago. Today’s MA 15 year fixed rate is 4.25%, unchanged from yesterday and 1/8 above the record low set 3 weeks ago. Today’s MA 5/1 ARM rate is 3.75%, up from a record low 3.5% set late last month.
Zillow said yesterday Massachusetts mortgage rates are up 3 basis points this week over last with an average MA 30 year fixed rate of 4.81%. Compare that to Washington D.C. which is at a whopping 5.38%.
Today’s Massachusetts FHA Mortgage Rates
Just as conforming MA mortgage rates are in line with national averages, so are FHA rates. Today’s MA FHA 30 year fixed rate is 4.875%, down from 5% yesterday and up from 4.5% 3 weeks ago. Wells Fargo offers 5% for a 30 year fixed FHA mortgage in MA currently; however, we’ve verified with several wholesale lender’s an interest rate of 4.875% at par. Still it’s a good idea to compare fees and make the best decision for you. Today’s MA 5/1 ARM FHA rate is 3.75%, mirroring that of conforming 5/1 ARM’s.
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