MA Mortgage Rates July 6, 2010
Obtaining the best mortgage and best mortgage rate in MA from local mortgage lenders can be simplified by comparing the mortgage rates in Massachusetts from the top bank mortgage lenders across the nations with the top local bank mortgage lenders.
Findlocalmortgagerates.com has surveyed the mortgage rates from two of the largest banks based in Massachusetts as well as two of the largest banks in the U.S. The MA bank mortgage lenders in the survey includes Rockland Trust Company which is the third largest Massachusetts based bank and Middlesex Savings Bank the fourth largest Massachusetts based bank. The biggest national bank mortgage lenders in the survey are Chase Bank and Wells Fargo.
Potential home loan borrowers in the Bay State can compare different loans by the annual percentage rate as well as the stated rate to find the best mortgage loan to meet their needs. Some Massachusetts mortgage lenders will offer loans with a low stated rate, but charge more upfront costs that will then be reflected in the APR. The mortgage loan APR includes most closing costs including origination points and fees and allows the mortgage shopper to compare these different mortgage loans offers.
Middlesex Savings Bank offers a 30 year fixed rate home loan in MA with a mortgage rate of 4.625% with no points and a 4.67% APR. Middlesex Savings Bank offers the 15 year mortgage at 4.50% and zero points for a 4.54% APR. A 30 year jumbo mortgage in MA from Middlesex Savings Bank is at 5.99% and no points for an APR of 6.02%.
Rockland Trust Company promotes the 30 year mortgage in MA with a rate of 4.25% and 1.0 point for an APR of 4.390%. The 15 year fixed rate home loan from Rockland is at 3.75% with 1.5 points and a 4.06% APR. Rockland offers a 20 year jumbo loan in Massachusetts with a mortgage rate of 4.99% and .50 points and a 5.10% APR.
Chase Bank mortgage rates in Massachusetts includes a 30 year fixed rate home loan with a rate of 5.125% and no points and an APR of 5.18%, a 15 year fixed with a mortgage rate of 4.50% with .25 points and a 4.63% APR as well as a jumbo mortgage rate in MA at 5.625% and .125 points resulting in a 5.665% APR.
Wells Fargo mortgage rates in MA include the 30 year with a rate of 4.50% and 1.0 point and a 4.686% APR, a 15 year fixed rate mortgage at 3.875% and 1.0 point with a 4.195% APR and a 30 year jumbo mortgage rate in MA from Wells Fargo is at 5.50% and 1.0 point for a 5.643% APR.
The annual percentage rates (APR) shown here assume a 20% down payment on a single family, owner occupied property. All mortgage interest rates, APRs, and points are subject to bank approval and may change without notice.
The mortgage rates in MA posted are accurate as of this publication date but may vary depending on specific attributes of an individual loan request. For current MA mortgage rates and additional loan information potential borrowers should speak directly with a bank loan officer.
Middlesex Savings Bank has 31 bank branches and 5 business-lending centers in Massachusetts and can be reached at 877-672-7654.
Rockland Trust Company has 70 bank branches, 10 commercial lending centers, four mortgage banking centers, and three investment management offices located in Massachusetts and can be reaches at 800-222-2299.
Chase Bank mortgage department is at 1-800-873-6577.
Wells Fargo mortgage representatives can be reached at 877-937-9357.