Today's Massachusetts (MA) Mortgage Rates

Massachusetts (MA) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 1,897,969
Loan purchased by the institution: 738,991
Application denied by financial institution: 492,851
Application withdrawn by applicant: 289,417
Application approved but not accepted: 130,698
File closed for incompleteness: 114,854
Preapproval request denied by financial institution: 457
Preapproval request approved but not accepted: 147

Purpose of Loans

Refinancing: 2,342,458
Home purchase: 1,080,794
Home improvement: 242,132

Mortgage Types

Conventional: 3,203,766
FHA-insured: 387,247
VA-guaranteed: 60,961
FSA/RHS-guaranteed: 13,410

Mortage Actions by Applicant Race

White: 2,545,038
Not applicable: 443,336
Information not provided by applicant in mail, Internet, or telephone application: 392,382
Asian: 165,308
Black or African American: 103,964
American Indian or Alaska Native: 8,647
Native Hawaiian or Other Pacific Islander: 6,709

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 2,703,593
Not applicable: 443,838
Information not provided by applicant in mail, Internet, or telephone application: 391,304
Hispanic or Latino: 126,649

Mortage Actions by Applicant Sex

Male: 2,063,875
Female: 930,961
Not applicable: 443,461
Information not provided by applicant in mail, Internet, or telephone application: 227,087

Mortage Actions by Agency Name

Department of Housing and Urban Development: 992,584
Consumer Financial Protection Bureau: 699,400
Office of the Comptroller of the Currency: 697,473
Federal Deposit Insurance Corporation: 614,266
Office of Thrift Supervision: 252,842
National Credit Union Administration: 249,471
Federal Reserve System: 159,348

Mortage Actions by County

Middlesex County: 909,866
Essex County: 441,830
Norfolk County: 440,104
Worcester County: 421,164
Plymouth County: 319,034
Suffolk County: 318,512
Bristol County: 264,902
Hampden County: 189,527
Barnstable County: 182,609
Hampshire County: 62,028
Berkshire County: 57,322
Franklin County: 29,694
Dukes County: 15,382
Nantucket County: 11,011
Unknown: 2,399

Mortage Actions by City

Cambridge, Newton, Framingham – MA: 976,962
Boston, Quincy – MA: 914,473
Peabody – MA: 374,513
Worcester – MA: 356,883
Springfield – MA: 276,582
Providence, New Bedford, Fall River – RI, MA: 223,315
Barnstable Town – MA: 182,548
Boston – MA: 162,968
Worcester – MA, CT: 64,208
Pittsfield – MA: 57,317
Providence, Warwick – RI, MA: 41,547
Unknown: 34,068

Mortage Denial Reasons

Unknown: 3,313,703
Collateral: 91,781
Debt-to-income ratio: 86,604
Credit history: 66,023
Other: 41,409
Credit application incomplete: 38,863
Unverifiable information: 14,242
Insufficient cash (downpayment, closing costs): 6,783
Employment history: 4,662
Mortgage insurance denied: 1,314

HOEPA Status of Mortage Loans

Not a HOEPA loan: 3,665,319
HOEPA loan: 65

Lien Status of Mortage Loans

Secured by a first lien: 2,685,308
Not applicable: 738,991
Secured by a subordinate lien: 181,392
Not secured by a lien: 59,693

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 3,342,264
Not owner-occupied as a principal dwelling: 310,915
Not applicable: 12,205

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 3,642,385
Multifamily dwelling: 14,270
Manufactured housing: 8,729

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 1,774,868
Fannie Mae (FNMA): 577,828
Freddie Mac (FHLMC): 383,171
Commercial bank, savings bank or savings association: 253,952
Affiliate institution: 201,236
Ginnie Mae (GNMA): 161,281
Life insurance company, credit union, mortgage bank, or finance company: 158,081
Other type of purchaser: 136,001
Private securitization: 18,951
Farmer Mac (FAMC): 15