Current Mortgage Rates in Somerville, Massachusetts
Saturday, November 22, 2008
Current Mortgage Rates*
Loan Type Somerville Average |
|
| 30-yr. fixed | 6.00% |
| 30-yr. fixed jumbo | 7.75% |
| 15-yr. fixed | 5.62% |
| 15-yr. fixed jumbo | 7.38% |
| 7/1 ARM | 6.12% |
| 7/1 ARM jumbo | 7.62% |
| 5/1 ARM | 5.75% |
| 5/1 ARM jumbo | 6.62% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 6.62% |
| 1-yr. ARM | 6.25% |
| 1-yr. ARM jumbo | 6.00% |
| 1-yr. LIBOR ARM | 6.12% |
*Mortgage Rates Updated: 11/21/2008
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Current Mortgage Rates in Somerville, Massachusetts
| Somerville 30-yr. fixed Mortgage Rates | Somerville 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 6.99% | 1.57 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.69% | 6.84% | 0.87 | Bank of America | 7.37% | 7.63% | 1.81 |
| Wachovia | 6.16% | 6.30% | 0.69 | Wells Fargo | 9.50% | 9.61% | 0.72 |
| Wells Fargo | 6.24% | 6.35% | 0.71 | Chase | 7.88% | 8.03% | 1.06 |
| Chase | 6.20% | 6.36% | 0.91 | ||||
| Somerville 15-yr. fixed Mortgage Rates | Somerville 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.45% | 6.98% | 2.63 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.18% | 6.47% | 1.08 | Bank of America | 7.21% | 7.59% | 1.53 |
| Wachovia | 5.73% | 6.00% | 0.80 | Wells Fargo | 8.42% | 8.56% | 0.58 |
| Wells Fargo | 6.08% | 6.24% | 0.54 | Chase | 8.32% | 8.57% | 1.15 |
| Chase | 6.00% | 6.25% | 0.88 | ||||
| Somerville 7/1 ARM Mortgage Rates | Somerville 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 6.14% | 0.96 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.68% | 6.41% | 1.22 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 6.06% | 6.09% | 0.44 | Wells Fargo | 8.67% | 7.25% | 0.73 |
| Wells Fargo | 6.77% | 6.52% | 0.71 | Chase | 8.42% | 6.87% | 1.13 |
| Chase | 6.66% | 6.27% | 0.90 | ||||
| Somerville 5/1 ARM Mortgage Rates | Somerville 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.44% | 5.97% | 1.02 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.51% | 6.17% | 1.01 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 6.66% | 6.43% | 0.72 | Wells Fargo | 7.53% | 6.66% | 0.74 |
| Chase | 6.39% | 6.11% | 0.85 | Chase | 7.14% | 6.34% | 0.86 |
| Somerville 3/1 ARM Mortgage Rates | Somerville 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.12% | 5.84% | 0.92 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 6.43% | 6.13% | 1.07 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.75% | 5.80% | 0.35 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 7.21% | 6.43% | 0.91 | Chase | 7.32% | 6.02% | 1.02 |
| Chase | 5.83% | 5.80% | 1.03 | ||||
| Somerville 1-yr. ARM Mortgage Rates | Somerville 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.42% | 6.20% | 1.53 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 6.74% | 5.82% | 1.05 |
| Chase | 5.73% | 5.78% | 0.96 | ||||
Banks in Somerville, Massachusetts
Central Co-operative Bank, 399 Highland Avenue, Somerville Massachusetts 2144Century Bank and Trust Company, 102 Fellsway West, Somerville Massachusetts 2145
Middlesex Federal Savings and Loan Association, 1 College Ave, Somerville Massachusetts 2144
Somerset Savings Bank, 212 Elm Street, Somerville Massachusetts 2144
Winter Hill Federal Savings Bank, 342 Broadway, Somerville Massachusetts 2145
Credit Unions in Somerville, Massachusetts
Cambridge Portuguese, 493 Somerville Avenue, Somerville MA 2143 (617) 547-3144Members Plus, 111 South Street, Somerville MA 2143 (617) 628-3366
Somerville Hospital Employees, 230 Highland Ave, Somerville MA 2143 (617) 591-4280
Somerville Mass Firefighters, 266 Broadway, Somerville MA 2145 (617) 625-6935
Mortgage Statistics for Somerville, Massachusetts
| Somerville | Massachusetts | USA | |
|---|---|---|---|
| Population: Population - The population of Somerville, MA  |
77,040 | 6,349,048 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Somerville mortgage. |
59,338 | 5,367,254 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Somerville mortgage. |
4,985 | 343,448 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Somerville mortgage. |
6,773 | 428,727 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Somerville, MA, where you might buy a home. |
32,418 | 2,621,986 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Somerville, where you might apply for a Somerville mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Somerville, MA |
$264,517 | $202,794 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Somerville mortgage interest rates. |
$46,568 | $52,741 | $43,800 |