Current Best Mortgage Rates in Worcester, MA

If you, among many others, have been impressed by sinking mortgage rates and are planning on buying your first home, the present may truly be the most opportune time. However, just because average Worcester mortgage rates are at historic lows doesn’t mean every financial institution will be offering an affordable financing option. In order to lower the cost of your home purchase as much as possible, you will need to research the rates available locally and find the very best.

Whether you’re interested in a traditional fixed rate mortgage or are planning on obtaining an ARM, there’s a lender in Worcester, MA with a great rate for you. Below is a list of the best mortgage rates in Worcester across a variety of loan types.

Worcester Banks and Credit Unions with Lowest Mortgage Rates

Top Worcester 15-Year Fixed Mortgage Rates

• Bank of America, National Association: 3.25%
• • No Orig. Fees
  • Points: 1.13


• Savers Co-Operative Bank: 3.25%
• • Orig. Fees: $250.000
  • Points: 0


• Quicken Loans Inc: 3.25%
• • No Orig. Fees
  • Points: 1.75

Best 30-Year Fixed Mortgage Rates in Worcester

• Quicken Loans Inc: 3.99%
• • No Orig. Fees
  • Points: 2


• Southbridge Savings Bank: 4.13%
• • No Orig. Fees
  • Points: 0


• Central One Federal Credit Union: 4.13%
• • No Orig. Fees
  • Points: 0

Lowest Worcester 3/1 ARM Mortgage Rates

• Sovereign Bank: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Grafton Suburban Credit Union: 2.88%
• • No Orig. Fees
  • Points: 0.25
  • Caps: 2% per Adjustment Period


• Country Bank for Savings: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates for a 5/1 ARM in Worcester

• Bank of America, National Association: 2.63%
• • No Orig. Fees
  • Points: 1
  • Caps: 2% per Adjustment Period


• Sovereign Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• United Bank: 2.75%
• • No Orig. Fees
  • Points: 1
  • Caps: 2% per Adjustment Period

Ensure you verify these rates with the lender before you apply. Interest rates are accurate as of November 1, 2011, but are subject to change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Worcester mortgage rate.