Today’s Refinance Rates in Massachusetts

Massachusetts's average mortgage interest rates are 4.26% for a 15-year FRM, 4.97% for a 30-year FRM and 3.66% for a 5/1 ARM. Federal Reserve Economic Data,/a> shows that the average mortgage rates in the U.S. are 4.45% for a 15-year FRM, 5.30% for a 30-year FRM and 4.19% for a 5/1 ARM. Thus, the average mortgage interest rates in the state are lower than the national average.

It's essential to understand that a "good" rate is subjective and based on several important factors, including your loan term, loan amount, credit score, income, debts, etc. To get the best rate, we recommend comparing different lenders before making a decision.

Since mortgage refinance rates change daily, the estimate you receive from your lender one day might differ from the one you receive a few days later.

You can estimate your new monthly mortgage payment using MoneyGeek’s mortgage calculator by entering your information and the rates given above. However, your actual rate may differ since interest rates change daily and depend on personal factors like credit score and debt-to-income ratio.

MoneyGeek researched the following frequently asked questions about refinance rates in Massachusetts to make it easy for you to refinance your mortgage loan.