Current Mortgage Rates in Salem, Massachusetts
Saturday, November 21, 2009
Current Mortgage Rates*
Loan Type Salem Average |
|
| 30-yr. fixed | 4.75% |
| 30-yr. fixed jumbo | 5.25% |
| 15-yr. fixed | 4.25% |
| 15-yr. fixed jumbo | 4.62% |
| 7/1 ARM | 4.38% |
| 7/1 ARM jumbo | 5.25% |
| 5/1 ARM | 3.88% |
| 5/1 ARM jumbo | 4.50% |
| 3/1 ARM | 3.75% |
| 3/1 ARM jumbo | 4.50% |
| 1-yr. ARM | 3.38% |
| 1-yr. ARM jumbo | 3.38% |
| 1-yr. LIBOR ARM | 4.38% |
*Mortgage Rates Updated: 11/20/2009
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Current Mortgage Rates in Salem, Massachusetts
| Salem 30-yr. fixed Mortgage Rates | Salem 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 5.16% | 5.22% | 0.24 | Wells Fargo | 5.73% | 5.86% | 1.00 |
| Wells Fargo | 4.86% | 5.04% | 1.00 | Chase | 5.63% | 5.75% | 1.00 |
| Chase | 4.87% | 5.03% | 1.00 | ||||
| Salem 15-yr. fixed Mortgage Rates | Salem 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 4.59% | 4.68% | 0.17 | Chase | 5.73% | 5.95% | 1.05 |
| Wells Fargo | 4.32% | 4.60% | 0.78 | ||||
| Chase | 4.33% | 4.60% | 1.02 | ||||
| Salem 7/1 ARM Mortgage Rates | Salem 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.84% | 3.67% | 1.00 | Chase | 5.10% | 4.11% | 1.02 |
| Chase | 4.29% | 3.83% | 1.05 | ||||
| Salem 5/1 ARM Mortgage Rates | Salem 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.61% | 3.56% | 1.04 | Wells Fargo | 4.88% | 3.88% | 1.00 |
| Chase | 3.80% | 3.60% | 1.02 | Chase | 4.82% | 3.86% | 1.05 |
| Salem 3/1 ARM Mortgage Rates | Salem 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Wells Fargo | 3.97% | 3.60% | 1.00 | Chase | 5.53% | 3.83% | 1.02 |
| Chase | 4.20% | 3.62% | 1.00 | ||||
| Salem 1-yr. ARM Mortgage Rates | Salem 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Chase | 4.16% | 3.55% | 1.00 | Chase | 5.26% | 3.58% | 1.05 |
Banks in Salem, Massachusetts
Eastern Bank and Trust Company, 217 Essex Street, Salem Massachusetts 1970Heritage Co-operative Bank, 71 Washington Street, Salem Massachusetts 1970
Salem Five Cents Savings Bank, 210 Essex Street, Salem Massachusetts 1970
Shawmut Merchants Bank, 253 Essex Street, Salem Massachusetts 1970
Credit Unions in Salem, Massachusetts
Greater Salem Employees, 10 Colonial Road Suite 1a, Salem MA 1970 (978) 745-9803Salem Italian-american, P.O. Box 734, Salem MA 1970 (978) 740-0200
Mortgage Statistics for Salem, Massachusetts
| Salem | Massachusetts | USA | |
|---|---|---|---|
| Population: Population - The population of Salem, MA  |
40,407 | 6,349,048 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Salem mortgage. |
34,497 | 5,367,254 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Salem mortgage. |
1,274 | 343,448 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Salem mortgage. |
4,541 | 428,727 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Salem, MA, where you might buy a home. |
18,175 | 2,621,986 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Salem, where you might apply for a Salem mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Salem, MA |
$188,300 | $202,794 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Salem mortgage interest rates. |
$44,033 | $52,741 | $43,800 |