Massachusetts Mortgage Rates Starting at 3.875%

Whether you’re looking at houses in the Berkshires or inside 128, Total Mortgage is offering some of the most competitive Massachusetts mortgage rates in the industry.  The Massachusetts housing market managed to come through the recession better than other markets, although the health of the housing market largely depends upon which part of the state you live in.  According to the most recent S&P/Case-Shiller Home Price Index, home prices in the Boston area declined 0.6 percent over the past year, and 0.3 percent from December 2010 to January 2011.  The western part of the state did not fare as well.

Despite this, the housing market in Massachusetts is relatively healthy compared to much of the nation, and this is largely due to the fact that there was not as much overbuilding as there was in other markets where land was more readily available.  Bidding for affordable homes in many parts of Massachusetts (especially inside 128) is fierce.  If you are looking to purchase a home during the Spring season, you may want to consider get pre-approved for a home loan.  This will give you a leg up on other bidders, and can enable you to move quickly when you find a home that you like.  With Total Mortgage, the pre-approval process is free, quick, and easy.

If you’re looking to purchase a home in Massachusetts, refinance your current mortgage, or start the free pre-approval process, call one of our licensed loan officers today at 877-868-2503.

Mortgage rates are always changing. All rates were quoted at 11:24 A.M., on March 29, 2011.

* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal fee, $715 underwriting fee and a $16 flood certification fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, two points, a $495 application fee, $400 appraisal fee, $715 underwriting fee and a $16 flood certification fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, two points, a $495 application fee, $450 appraisal fee, $715 underwriting fee and a $16 flood certification fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants with 720 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice.  All rates shown are for 30 day rate locks with 1 point unless otherwise noted.