15-Year Fixed Mortgage Rates in ZIP Code 02712

Today's leading benchmark rate for 15-year fixed rates in 02712, , MA is 6.846% (with an estimated monthly payment of $2,934). Calibrated directly to 02712, , MA's local housing market, Safe Rate shows up-to-the-minute interest rates and points across Conventional, FHA, VA, and Jumbo loan programs daily.

Mortgage rates for 15-year fixed rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, rates for 15-year fixed rates in 02712, , MA have hovered between a low of 6.467% and a high of 6.927%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $586,385 in 02712, , MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $117,277 but keeps your monthly payment lower at $2,934/mo (at 6.846% interest) with no monthly PMI. In comparison, an FHA loan requires only $20,523 (3.5% down) but has an estimated payment of $3,288/mo (at 5.976% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $565,862 exceeds the local HUD FHA limit of $524,225 for a 1-unit property, meaning entry-level buyers here will likely require conventional financing or a larger down payment to comply with government limits.

The 2025 conforming conventional loan limit for a 1-unit property in 02712 is $806,501. With a typical local home value of $586,385 in , a standard 20%-down mortgage requires a loan size of $469,108. Because this is within the $806,501 conforming threshold, buyers can qualify for standard conforming conventional financing with competitive rates.

The median home value in 02712, , MA is estimated at $586,385. Buying a typical home here with a standard 20% down payment ($117,277) translates to an estimated starting monthly mortgage payment of $2,934 (principal and interest). Compared to the local area median household income of $143,822 ($11,985/mo), this basic housing payment represents approximately 24.5% 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.