Medford, MA Mortgage Rates and Refinance Rates

Mortgages in Medford, MA: Find the best Medford, MA mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Medford, MA, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Medford, MA. Another option is searching for Medford, MA refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Medford, MA mortgage rates or refinance rates.

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Medford, Massachusetts Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Medford, MA are the most popular type of mortgages rates you can find advertised for home buyers in Medford, MA. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Medford, MA mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Medford, MA banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Medford, MA conforming mortgage rates and refi rates lower than Medford, MA jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Medford, MA home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Medford, Massachusetts

Jumbo mortgage rates in Medford, MA are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Medford, MA and adjustable mortgage rates in Medford, MA. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Medford, MA make.

Medford, Massachusetts Fixed Mortgage Rates and Fixed Refinance Rates

Medford, MA fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

Medford, Massachusetts Adjustable Mortgage Rates

Adjustable Medford, MA mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Medford, MA are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Medford, MA. Most adjustable mortgages in Medford, MA have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



Google Map for Medford, MA Rates & Resources


Medford FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank of America, National Association

3510 278 Mystic Avenue, Medford, MA 02155

Bank of America, National Association

3510 684 Fellsway, Medford, MA 02155

Central Co-operative Bank

26646 270 Mystic Avenue, Medford, MA 02155

Century Bank and Trust Company

19943 400 Mystic Avenue, Medford, MA 02155

Century Bank and Trust Company

19943 503 Riverside Avenue, Medford, MA 02155

Century Bank and Trust Company

19943 One Salem Street, Medford, MA 02155

Eagle Bank

90191 471 Salem Street, Medford, MA 02155

East Boston Savings Bank

33510 410 Riverside Avenue, Medford, MA 02155

East Cambridge Savings Bank

90173 243 Salem Street, Medford, MA 02155

Eastern Bank

32773 53 Locust Street, Medford, MA 02155

RBS Citizens, National Association

57957 257 Spring Street, Medford, MA 02155

RBS Citizens, National Association

57957 501 High Street, Medford, MA 02155

RBS Citizens, National Association

57957 760 Fellsway Plaza, Medford, MA 02155

RBS Citizens, National Association

57957 One Riverside Avenue, Medford, MA 02155