Current Mortgage Rates in Massachusetts

Tuesday, October 14, 2008



Current Mortgage Rates*

Loan Type
Massachusetts Average
30-yr. fixed6.25%
30-yr. fixed jumbo7.75%
15-yr. fixed6.00%
15-yr. fixed jumbo7.00%
7/1 ARM6.62%
7/1 ARM jumbo7.50%
5/1 ARM6.25%
5/1 ARM jumbo7.00%
3/1 ARM6.00%
3/1 ARM jumbo6.25%
1-yr. ARM4.75%
1-yr. ARM jumbo5.12%
1-yr. LIBOR ARM6.25%
*Mortgage Rates Updated: 10/12/2008

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Current Mortgage Rates in Massachusetts

Massachusetts 30-yr. fixed Mortgage Rates Massachusetts 30-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank7.00%7.30%1.88Citibank7.00%7.14%0.25
Bank of America6.61%6.75%0.82Bank of America7.37%7.63%1.81
Wachovia6.22%6.37%0.72Wells Fargo9.43%9.49%0.26
Wells Fargo6.40%6.47%0.23Chase7.76%7.81%0.17
Chase6.34%6.42%0.08 
Massachusetts 15-yr. fixed Mortgage Rates Massachusetts 15-yr. fixed jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.99%7.84%4.35Citibank6.75%6.89%0.00
Bank of America6.21%6.48%0.96Bank of America7.21%7.59%1.53
Wachovia5.73%6.00%0.83Wells Fargo8.04%8.16%0.40
Wells Fargo6.17%6.30%0.32Chase6.50%6.59%0.00
Chase6.35%6.47%0.07 
Massachusetts 7/1 ARM Mortgage Rates Massachusetts 7/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.50%7.21%0.25Citibank7.00%7.46%0.00
Bank of America6.37%6.40%0.98Bank of America6.88%7.36%0.48
Wachovia5.85%5.90%0.55Wells Fargo8.58%7.57%0.26
Wells Fargo7.26%6.84%0.16Chase8.22%7.50%0.38
Chase6.84%6.45%0.04 
Massachusetts 5/1 ARM Mortgage Rates Massachusetts 5/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.38%7.29%0.12Citibank6.88%7.47%0.00
Bank of America6.43%6.18%0.88Bank of America8.14%6.63%1.05
Wells Fargo7.02%6.63%0.24Wells Fargo7.86%6.89%0.33
Chase6.75%6.30%0.04Chase7.72%6.68%0.00
Massachusetts 3/1 ARM Mortgage Rates Massachusetts 3/1 ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.62%7.51%0.00Citibank7.00%7.62%0.00
Bank of America6.04%6.23%0.93Bank of America6.88%7.60%0.08
Wachovia5.59%5.65%0.45Wells Fargo6.75%7.52%0.12
Wells Fargo6.38%7.44%0.12Chase6.75%7.41%0.00
Chase6.75%7.37%0.00 
Massachusetts 1-yr. ARM Mortgage Rates Massachusetts 1-yr. ARM jumbo Mortgage Rates
Base RateAPYPoints Base RateAPYPoints
Citibank6.75%7.76%0.00Citibank7.00%7.90%0.00
Bank of America7.42%6.20%1.53Wells Fargo7.25%7.74%0.12
Wells Fargo7.25%7.78%0.12Chase7.12%7.62%0.00
Chase6.12%7.53%0.12 

Current Mortgage Rates by City

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Mortgage Statistics for Massachusetts

  Massachusetts USA
Population:
Population - The population of Massachusetts
 6,349,048 284,881,454
White Population:
White Population - The number of white people living in where you might apply for a Massachusetts mortgage.
 5,367,254 210,951,199
Black Population:
Black Population - The number of black people living in where you might apply for a Massachusetts mortgage.
 343,448 33,966,477
Hispanic Population:
Hispanic Population - The number of hispanic people living in where you might apply for a Massachusetts mortgage.
 428,727 34,671,551
HouseHolds:
HouseHolds - The total number of households in Massachusetts, where you might buy a home.
 2,621,986 117,153,924
Person per Household:
Person per Household - The average number of people in a household in Massachusetts, where you might apply for a Massachusetts mortgage.
 2 2
Average House Value:
Average House Value - The average house value in Massachusetts
 $202,794 $132,188
Income per Household:
Income per Household - The household income where you might compare Massachusetts mortgage interest rates.
 $52,741 $43,800