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Fixed-Rate Mortgages

The most popular mortgage on the market.


Budget with certainty when you lock in your rate. Your principal and interest payments won't change, and you can choose among various terms. This mortgage is the most popular among homeowners in Massachusetts and Rhode Island, and is available for government programs, unconventional mortgages and construction loans.

 

Current Fixed Rate Mortgage Rates* - Rates as of 7/21/2017



PRODUCT RATE TERM POINTS
MONTHLY PAYMENT
PER $1,000
ANNUAL PERCENTAGE 
RATE (APR)
 30 Years Fixed   4.00%
30 Years
0.000
$4.77
4.045%
15 Years Fixed 3.375 %
15 Years
0.000
$7.09
3.48%

A longer repayment term generally carries a higher interest rate and slows the pace at which you build equity during the loan's early years (when a higher percentage of your payments go toward interest). On the other hand, those interest payments can result in significant tax write-offs and your monthly P&I payments are lower. 

 

We have several loan terms to choose from.


For assistance in determining which option is right for you, please speak with one of our loan officers today.

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A shorter repayment term usually gives you a lower interest rate and allows you to build equity in your home faster. Keep in mind, however, that your monthly principal and interest (P&I) payments are higher.


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Choose the home loan that's best for you   view all loan options


Additional Resources

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Step by Step Guide to Buying a Home

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* IMPORTANT NOTICES: The Annual Percentage Rates (APR) shown here assume a 25% down payment and apply to minimum loan amounts of $275,000 up to maximum loan amounts of $424,100. All interest rates, APRs, and points are subject to change without notice. The actual APR may be higher based on credit history, loan to value ratio, the amount of credit requested, or other terms. Subject to credit approval. The above rates assume an owner occupied single family primary residence purchase or rate/term refinance with 740 or higher FICO credit score based on a 30 day lock period for a  $275,000 loan amount. Payment example does not include taxes or insurance premiums. Actual payment obligation will be greater. For loan scenarios outside these parameters please call 508.732.7072 or contact your local branch manager for details.

1. Calculator is for estimation purposes only. Actual loan amounts may vary based on borrower's unique circumstances.