Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 6.249% | 6.441% |
| Purchase | Fixed mortgage | 15 years | 5.625%Figure as of Oct 24 | 5.984% |
| Refinance | Fixed mortgage | 30 years | 6.248% | 6.469% |
| Refinance | Fixed mortgage | 15 years | 5.750% | 6.037% |
| Refinance | Fixed mortgage | 10 years | 5.750% | 5.854% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.373% | 6.598% |
| Cash-out refinance | Fixed mortgage | 10 years | 5.750% | 5.938% |
| Home equity | HELOC | Revolving | 6.050% | 6.050% |
| Home equity | Home equity loan | Fixed term | No publishable rate available today | — |
Ask Hope Anything About Mortgage & Home Equity!
Hope could not take that just now. Your question is still in the box.
Hope is AI and can make mistakes. Please double-check responses. About Hope * Advertising Disclosure
PARTICIPATING LENDERS
Compare MA Mortgage Refinance Offers
Lower Your Interest Rate in Massachusetts
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Massachusetts
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Massachusetts
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Massachusetts Mortgage Rates
Some of the most iconic sports franchises in the world call Boston home, and there is no shortage of people across the Northeast interested in living in Massachusetts. If you are thinking about relocating to the Bay State, the first step in any home purchase is to check out the local interest rates to help you determine exactly how much house you can afford.
Common Massachusetts Loan Types:
- Massachusetts conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- Massachusetts FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- Massachusetts VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Massachusetts Mortgage Rates
Mortgage pricing available in Massachusetts varies by loan type, lender, borrower profile, property, points, and market timing. Property type and number of units can affect Massachusetts program eligibility and pricing; compare quotes for the same property assumptions.