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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.860%APR 6.895% | 0 pts$0 | $2,764/moP&I $2,764 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.994%APR 6.763% | 0 pts$0 | $2,765/moP&I $2,569 · MI $196 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.932%APR 5.981% | 0 pts$0 | $2,508/moP&I $2,508 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.891%APR 6.926% | 0 pts$0 | $2,772/moP&I $2,772 · MI $0 | See details |
| Investment Property FixedConforming | 7.567%APR 7.607% | 0 pts$0 | $2,966/moP&I $2,966 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.932% | 5.981% | 0 pts ($0) | $3,540/mo | $70,181 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.883% | 5.931% | 0 pts ($0) | $4,411/mo | $97,250 |
Condo 10% Down | 10% | 720 credit score | 7.085% | 7.251% | 0 pts ($0) | $3,181/mo | $111,320 |
Conventional 10% Down | 10% | 720 credit score | 6.554% | 6.708% | 0 pts ($0) | $3,013/mo | $103,736 |
Conventional 20% Down | 20% | 740 credit score | 6.860% | 6.895% | 0 pts ($0) | $2,764/mo | $85,349 |
Conventional 5% Down | 5% | 700 credit score | 6.982% | 7.459% | 0 pts ($0) | $3,323/mo | $115,951 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.304% | 7.342% | 0 pts ($0) | $3,612/mo | $124,007 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,117/mo | $105,604 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.766% | 7.140% | 0 pts ($0) | $3,319/mo | $119,664 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.891% | 6.926% | 0 pts ($0) | $3,466/mo | $117,449 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,346/mo | $103,624 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.994% | 6.763% | 0 pts ($0) | $3,099/mo | $108,704 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,191/mo | $111,713 |
FHA Streamline Refi | 0% | 640 credit score | 6.128% | 6.899% | 0 pts ($0) | $3,257/mo | $114,805 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.956% | 7.198% | 0 pts ($0) | $3,314/mo | $120,062 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,295/mo | $64,515 |
Investment Property 25% Down | 25% | 740 credit score | 7.567% | 7.607% | 0 pts ($0) | $2,780/mo | $88,437 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,839/mo | $88,715 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,063/mo | $93,904 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.369% | 7.144% | 0 pts ($0) | $3,224/mo | $114,535 |
Second Home 10% Down | 10% | 720 credit score | 6.010% | 6.583% | 0 pts ($0) | $2,845/mo | $95,980 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,771/mo | $85,654 |
VA 0% Down | 0% | 700 credit score | 5.991% | 6.233% | 0 pts ($0) | $3,223/mo | $106,234 |
VA Cash-Out Refi | 0% | 640 credit score | 5.998% | 6.364% | 0 pts ($0) | $3,225/mo | $106,347 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.015% | 6.166% | 0 pts ($0) | $3,231/mo | $106,622 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,898/mo | $91,688 |
Frequently Asked Questions
What are today's mortgage rates in 01253, , MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 01253, , MA is 6.860% (with an estimated monthly payment of $2,689). Active program rates also include FHA 30-year fixed loans at 5.994% and VA 0%-down fixed loans at 5.991%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 01253, , MA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 01253, , MA have fluctuated between a low of 6.482% and a high of 6.942%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 01253, , MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $526,691 in 01253, , MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $105,338 but keeps your monthly payment lower at $2,689/mo (at 6.860% interest) with no monthly PMI. In comparison, an FHA loan requires only $18,434 (3.5% down) but has an estimated payment of $3,015/mo (at 5.994% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $508,257 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 01253 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 01253 is $806,501. With a typical local home value of $526,691 in , a standard 20%-down mortgage requires a loan size of $421,353. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 01253, , MA impact estimated mortgage payments?
The median home value in 01253, , MA is estimated at $526,691. Buying a typical home here with a standard 20% down payment ($105,338) translates to an estimated starting monthly mortgage payment of $2,689 (principal and interest). Compared to the local area median household income of $106,731 ($8,894/mo), this basic housing payment represents approximately 30.2% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.