Massachusetts Mortgage Information

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Current Mortgage Rates
Type of Loan	Rate*        APR*
5 Year ARM	5.821% 5.033%
15 Year Fixed	5.243% 5.288%
30 Year Fixed	5.729% 5.717%
Home Equity Loan	7.420% 5.740%
HELOC	6.305% 6.990%
*Rates & APRs are based on Rate Observer .

Searching for a home equity loan in Massachusetts?  Home Equity Info can help. We provide information on: Massachusetts 125 Cash Out Home Equity Loans, Massachusetts Cash Out Home Equity Loans, Massachusetts Refinance Loans, Massachusetts Bad Credit Home Equity Loans, Massachusetts Home Equity Lines of Credit (HELOC), and Massachusetts Second Mortgages.  We can also help if you are just looking for more information about Massachusetts Home Equity Loans in general.

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Worried about the lender?  We are too, so that is why we list out and provide information on all types of Massachusetts home equity lenders including Credit Unions, Banks, Mortgage Brokers, or Savings and Loans.

Some quick facts on Massachusetts owner occupied homes with a mortgage¹ :

• The median Massachusetts home price is 343,048.
• 76.1% of Massachusetts home owners have only a single mortgage.
• Only 0.6% of home owners in Massachusetts have both a second mortgage and a home equity loan.
• While the median income for all of Massachusetts is 68,701, the median income for Massachusetts owner occupied homes with a mortgage is 81,725.
• The median monthly Massachusetts housing cost is $1,645.
• Massachusetts Median Annual real estate taxes are $2,834.
• While the national average Expedian Credit score is 678, the average for Massachusetts is 705.
• Non-business bankruptcies in Massachusetts have gone from 15,208 in 2000 to 18,129 in 2004.

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The state regulator for Massachusetts mortgages is Thomas J. Curry

 COMMONWEALTH OF MASSACHUSETTS
 Division of Banks
 Consumer Compliance Unit
 One South Station
 Boston, Massachusetts 02110

Phone: (617) 956-1500
Fax: (617) 956-1599

Website: http://www.mass.gov/dob

 The Consumer Compliance Unit of the Massachusetts Division of Banks regulates approximately 331 mortgage lenders, 141 small loan companies, and 501 mortgage brokers through its licensing and examination functions. These are gross numbers and include persons or entities maintaining multiple licenses. Licensee lists may be obtained from Maureen Cunningham, the Division’s Public Information Officer at (617) 956-1500, x502. (All numbers as of August 31, 1999).

Massachusetts’s licensing statute for mortgage lenders and brokers was originally enacted in 1992² .

Massachusetts Counties:

Barnstable County, Berkshire County, Bristol County, Dukes County, Essex County, Franklin County, Hampden County, Hampshire County, Middlesex County, Nantucket County, Norfolk County, Plymouth County, Suffolk County, Worcester County

Source
-US Census

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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.