Current Refinance Rates in Massachusetts

MoneyGeek researched the current refinance interest rates in Massachusetts to help homeowners choose the best loan type for their situation. See the table below for the most up-to-date mortgage refinance rates.

  • Type of Loan
    Rate
    APR
  • Conventional 30 Year Fixed
    5.766 %
    5.75 %
  • Conventional 20 Year Fixed
    6 %
    6 %
  • Conventional 15 Year Fixed
    5.004 %
    5 %
  • Conventional 10 Year ARM
    6.727 %
    6.375 %
  • Conventional 7 Year ARM
    6.767 %
    6 %
  • Conventional 5 Year ARM
    6.907 %
    5.875 %
  • FHA 30 Year Fixed
    5.766 %
    5.75 %
  • VA 30 Year Fixed
    5.766 %
    5.75 %
  • FHA 15 Year Fixed
    5.004 %
    5 %
  • VA 15 Year Fixed
    5.004 %
    5 %
  • Jumbo 30 Year Fixed
    5.766 %
    5.75 %
  • Jumbo 15 Year Fixed
    5.004 %
    5 %
  • Jumbo 7 Year ARM
    6.767 %
    6 %
  • Jumbo 5 Year ARM
    6.907 %
    5.875 %

Mortgage Refinance Rates From Top Lenders

What Is a Good Refinance Rate 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.

Estimate Your New Monthly Mortgage Payment

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.

Edit your mortgage details
$898
Total monthly payment$1,271
$898
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Total monthly payment$1,271

Frequently Asked Questions About Refinance Rates in Massachusetts

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

Read More on Mortgages

sources
  • Federal Reserve Bank of St. Louis. "Mortgage Rates." Accessed July 13, 2022.