CAMBRIDGE - NEWTON - FRAMINGHAM Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Cambridge - Newton - Framingham averaged
7.77%
for the week of 2023-10-12, compared to the national average of
7.57% for the same period.
The average rate for the prior week (2023-10-05) was
7.39% and
one month ago for the week of 2023-09-07, the
average rate was 7.22%.
Cambridge - Newton - Framingham's average rate one year ago was 6.66%.
For refis of the same type during the week of 2023-10-12, the average rate
was 7.67%.
Loan Type |
Date |
Rate |
US 30 Year Fixed Rate |
2023-10-12 |
7.57% |
Cambridge - Newton - Framingham 30 Year Fixed Rate |
2023-10-12 |
7.77% |
Cambridge - Newton - Framingham 30 Year Fixed Rate Refi |
2023-10-12 |
7.67% |
Cambridge - Newton - Framingham 15 Year Fixed Rate |
2023-10-12 |
6.69% |
Cambridge - Newton - Framingham 15 Year Fixed Rate Refi |
2023-10-12 |
7.09% |
Cambridge - Newton - Framingham 30 Year FHA |
2023-10-12 |
0.1% |
Cambridge - Newton - Framingham 30 Year FHA Refi |
2023-10-12 |
0.3% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CAMBRIDGE-NEWTON-FRAMINGHAM, MA.
CAMBRIDGE - NEWTON - FRAMINGHAM Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the CAMBRIDGE-NEWTON-FRAMINGHAM, MA market. This
includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Name |
# of Loans |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
CAMBRIDGE-NEWTON-FRAMINGHAM, MA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that
larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name |
2021 Loan Value |
2022 Loan Value |
% Change |
2022 Market Share |
CAMBRIDGE - NEWTON - FRAMINGHAM Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - CAMBRIDGE - NEWTON - FRAMINGHAM (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Price (YoY Change) |
Average Listing Price (YoY) |
MSA/US Median Price Ratio |
Active Listings |
2018-01-01 |
$529,450 (6.0%) |
$858,987 (4.0%) |
1.96 |
6,025 |
2018-02-01 |
$543,950 (5.6%) |
$875,742 (3.2%) |
1.98 |
6,009 |
2018-03-01 |
$574,900 (6.5%) |
$907,026 (4.8%) |
2.02 |
6,566 |
2018-04-01 |
$579,900 (5.5%) |
$899,962 (2.9%) |
1.97 |
7,728 |
2018-05-01 |
$584,800 (6.2%) |
$896,076 (3.6%) |
1.95 |
8,784 |
2018-06-01 |
$579,000 (5.3%) |
$876,191 (2.5%) |
1.93 |
10,209 |
2018-07-01 |
$559,450 (1.9%) |
$857,061 (1.9%) |
1.87 |
10,107 |
2018-08-01 |
$549,221 (3.6%) |
$825,035 (0.4%) |
1.84 |
10,163 |
2018-09-01 |
$549,900 (3.8%) |
$806,874 (-1.5%) |
1.85 |
11,374 |
2018-10-01 |
$549,000 (1.7%) |
$799,549 (-3.4%) |
1.86 |
11,629 |
2018-11-01 |
$539,400 (-0.1%) |
$798,329 (-3.9%) |
1.83 |
10,958 |
2018-12-01 |
$535,000 (1.1%) |
$798,852 (-5.6%) |
1.85 |
8,829 |
2019-01-01 |
$533,405 (0.8%) |
$806,509 (-6.1%) |
1.84 |
7,548 |
2019-02-01 |
$549,450 (1.0%) |
$851,351 (-2.8%) |
1.86 |
7,342 |
2019-03-01 |
$571,386 (-0.6%) |
$883,993 (-2.5%) |
1.87 |
8,064 |
2019-04-01 |
$599,900 (3.5%) |
$914,230 (1.6%) |
1.90 |
8,920 |
2019-05-01 |
$602,450 (3.0%) |
$923,103 (3.0%) |
1.88 |
9,956 |
2019-06-01 |
$599,900 (3.6%) |
$919,140 (4.9%) |
1.87 |
11,103 |
2019-07-01 |
$599,900 (7.2%) |
$910,925 (6.3%) |
1.88 |
10,611 |
2019-08-01 |
$595,780 (8.5%) |
$898,260 (8.9%) |
1.89 |
10,693 |
2019-09-01 |
$589,599 (7.2%) |
$887,145 (10.0%) |
1.89 |
10,888 |
2019-10-01 |
$588,033 (7.1%) |
$889,524 (11.3%) |
1.90 |
11,017 |
2019-11-01 |
$589,900 (9.4%) |
$915,519 (14.7%) |
1.93 |
9,643 |
2019-12-01 |
$589,450 (10.2%) |
$917,012 (14.8%) |
1.97 |
7,015 |
2020-01-01 |
$586,450 (9.9%) |
$930,307 (15.4%) |
1.96 |
5,784 |
2020-02-01 |
$599,900 (9.2%) |
$971,649 (14.1%) |
1.97 |
5,753 |
2020-03-01 |
$629,900 (10.2%) |
$980,194 (10.9%) |
1.97 |
6,620 |
2020-04-01 |
$617,450 (2.9%) |
$945,817 (3.5%) |
1.93 |
6,437 |
2020-05-01 |
$629,900 (4.6%) |
$945,278 (2.4%) |
1.91 |
7,202 |
2020-06-01 |
$656,448 (9.4%) |
$1,002,118 (9.0%) |
1.93 |
7,782 |
2020-07-01 |
$677,000 (12.9%) |
$1,036,368 (13.8%) |
1.96 |
7,393 |
2020-08-01 |
$675,000 (13.3%) |
$1,042,771 (16.1%) |
1.93 |
7,190 |
2020-09-01 |
$672,500 (14.1%) |
$1,038,852 (17.1%) |
1.93 |
7,578 |
2020-10-01 |
$665,000 (13.1%) |
$1,033,066 (16.1%) |
1.91 |
7,945 |
2020-11-01 |
$654,450 (10.9%) |
$1,028,284 (12.3%) |
1.91 |
7,088 |
2020-12-01 |
$646,999 (9.8%) |
$1,004,176 (9.5%) |
1.93 |
5,304 |
2021-01-01 |
$659,000 (12.4%) |
$1,075,105 (15.6%) |
1.97 |
4,101 |
2021-02-01 |
$679,450 (13.3%) |
$1,128,380 (16.1%) |
1.98 |
3,873 |
2021-03-01 |
$682,350 (8.3%) |
$1,144,192 (16.7%) |
1.94 |
4,269 |
2021-04-01 |
$694,000 (12.4%) |
$1,179,216 (24.7%) |
1.88 |
4,775 |
2021-05-01 |
$699,900 (11.1%) |
$1,180,369 (24.9%) |
1.86 |
4,883 |
2021-06-01 |
$697,225 (6.2%) |
$1,144,642 (14.2%) |
1.84 |
5,736 |
2021-07-01 |
$669,900 (-1.1%) |
$1,113,618 (7.5%) |
1.77 |
5,673 |
2021-08-01 |
$650,000 (-3.7%) |
$1,075,195 (3.1%) |
1.73 |
5,572 |
2021-09-01 |
$671,000 (-0.2%) |
$1,055,532 (1.6%) |
1.79 |
6,018 |
2021-10-01 |
$679,000 (2.1%) |
$1,062,841 (2.9%) |
1.81 |
5,926 |
2021-11-01 |
$674,520 (3.1%) |
$1,073,459 (4.4%) |
1.80 |
4,934 |
2021-12-01 |
$692,000 (7.0%) |
$1,141,086 (13.6%) |
1.88 |
3,502 |
2022-01-01 |
$716,500 (8.7%) |
$1,220,200 (13.5%) |
1.94 |
2,675 |
2022-02-01 |
$749,000 (10.2%) |
$1,237,957 (9.7%) |
1.95 |
2,637 |
2022-03-01 |
$749,450 (9.8%) |
$1,253,974 (9.6%) |
1.88 |
2,989 |
2022-04-01 |
$749,000 (7.9%) |
$1,243,220 (5.4%) |
1.79 |
3,700 |
2022-05-01 |
$757,500 (8.2%) |
$1,242,168 (5.2%) |
1.73 |
4,474 |
2022-06-01 |
$750,000 (7.6%) |
$1,172,828 (2.5%) |
1.67 |
5,715 |
2022-07-01 |
$739,900 (10.5%) |
$1,110,720 (-0.3%) |
1.67 |
6,177 |
2022-08-01 |
$725,000 (11.5%) |
$1,108,093 (3.1%) |
1.68 |
5,758 |
2022-09-01 |
$744,000 (10.9%) |
$1,145,076 (8.5%) |
1.74 |
5,912 |
2022-10-01 |
$749,000 (10.3%) |
$1,169,524 (10.0%) |
1.76 |
6,222 |
2022-11-01 |
$744,925 (10.4%) |
$1,176,829 (9.6%) |
1.79 |
5,902 |
2022-12-01 |
$749,000 (8.2%) |
$1,199,904 (5.2%) |
1.85 |
4,406 |
2023-01-01 |
$759,450 (6.0%) |
$1,238,229 (1.5%) |
1.88 |
3,696 |
2023-02-01 |
$799,000 (6.7%) |
$1,345,477 (8.7%) |
1.93 |
3,433 |
2023-03-01 |
$823,000 (9.8%) |
$1,387,424 (10.6%) |
1.94 |
3,706 |
2023-04-01 |
$839,000 (12.0%) |
$1,422,134 (14.4%) |
1.95 |
4,059 |
2023-05-01 |
$867,000 (14.5%) |
$1,444,067 (16.3%) |
1.96 |
4,315 |
2023-06-01 |
$866,470 (15.5%) |
$1,425,568 (21.6%) |
1.95 |
4,804 |
2023-07-01 |
$849,900 (14.9%) |
$1,434,805 (29.2%) |
1.93 |
4,538 |
2023-08-01 |
$844,200 (16.4%) |
$1,418,399 (28.0%) |
1.94 |
4,530 |
2023-09-01 |
$849,000 (14.1%) |
$1,420,742 (24.1%) |
1.98 |
4,931 |
CAMBRIDGE - NEWTON - FRAMINGHAM's median listing price for 2023-09-01 was $849,000, a difference of
$105,000
(14.1%) versus the prior year and
$4,800 versus the prior month.
CAMBRIDGE - NEWTON - FRAMINGHAM's median listing price comes in at 198% of the national average.
CAMBRIDGE - NEWTON - FRAMINGHAM's average listing price for 2023-09-01 was $1,420,742, a difference of
$275,666
(24.1%) versus the prior year and
$2,343 versus the prior month.
For the 2023-09-01 period, CAMBRIDGE - NEWTON - FRAMINGHAM had 4,931 MLS listings, a difference of
401 listings
(9%)
versus the prior month and
-981 listings
(-17%)
versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - CAMBRIDGE - NEWTON - FRAMINGHAM (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date |
Median Listing Time on Market |
Median Square Footage |
2018-01-01 |
73 days |
2,007 sqft |
2018-02-01 |
57 days |
2,025 sqft |
2018-03-01 |
36 days |
2,061 sqft |
2018-04-01 |
29 days |
2,042 sqft |
2018-05-01 |
28 days |
2,055 sqft |
2018-06-01 |
32 days |
2,044 sqft |
2018-07-01 |
41 days |
2,033 sqft |
2018-08-01 |
46 days |
2,012 sqft |
2018-09-01 |
44 days |
1,989 sqft |
2018-10-01 |
44 days |
1,966 sqft |
2018-11-01 |
51 days |
1,946 sqft |
2018-12-01 |
65 days |
1,936 sqft |
2019-01-01 |
71 days |
1,907 sqft |
2019-02-01 |
56 days |
1,925 sqft |
2019-03-01 |
41 days |
1,973 sqft |
2019-04-01 |
32 days |
2,025 sqft |
2019-05-01 |
32 days |
2,045 sqft |
2019-06-01 |
37 days |
2,054 sqft |
2019-07-01 |
47 days |
2,036 sqft |
2019-08-01 |
49 days |
2,020 sqft |
2019-09-01 |
46 days |
1,997 sqft |
2019-10-01 |
44 days |
1,983 sqft |
2019-11-01 |
55 days |
1,982 sqft |
2019-12-01 |
75 days |
1,932 sqft |
2020-01-01 |
78 days |
1,909 sqft |
2020-02-01 |
43 days |
1,959 sqft |
2020-03-01 |
31 days |
2,000 sqft |
2020-04-01 |
45 days |
1,996 sqft |
2020-05-01 |
50 days |
2,000 sqft |
2020-06-01 |
31 days |
1,966 sqft |
2020-07-01 |
35 days |
1,890 sqft |
2020-08-01 |
37 days |
1,842 sqft |
2020-09-01 |
32 days |
1,733 sqft |
2020-10-01 |
31 days |
1,692 sqft |
2020-11-01 |
47 days |
1,668 sqft |
2020-12-01 |
62 days |
1,652 sqft |
2021-01-01 |
60 days |
1,640 sqft |
2021-02-01 |
33 days |
1,652 sqft |
2021-03-01 |
22 days |
1,665 sqft |
2021-04-01 |
18 days |
1,668 sqft |
2021-05-01 |
19 days |
1,693 sqft |
2021-06-01 |
19 days |
1,709 sqft |
2021-07-01 |
29 days |
1,710 sqft |
2021-08-01 |
31 days |
1,709 sqft |
2021-09-01 |
28 days |
1,685 sqft |
2021-10-01 |
30 days |
1,654 sqft |
2021-11-01 |
38 days |
1,630 sqft |
2021-12-01 |
49 days |
1,649 sqft |
2022-01-01 |
54 days |
1,650 sqft |
2022-02-01 |
25 days |
1,662 sqft |
2022-03-01 |
18 days |
1,672 sqft |
2022-04-01 |
15 days |
1,685 sqft |
2022-05-01 |
16 days |
1,787 sqft |
2022-06-01 |
18 days |
1,813 sqft |
2022-07-01 |
26 days |
1,826 sqft |
2022-08-01 |
35 days |
1,832 sqft |
2022-09-01 |
34 days |
1,815 sqft |
2022-10-01 |
31 days |
1,813 sqft |
2022-11-01 |
41 days |
1,804 sqft |
2022-12-01 |
58 days |
1,836 sqft |
2023-01-01 |
60 days |
1,841 sqft |
2023-02-01 |
37 days |
1,861 sqft |
2023-03-01 |
28 days |
1,860 sqft |
2023-04-01 |
25 days |
1,850 sqft |
2023-05-01 |
23 days |
1,919 sqft |
2023-06-01 |
24 days |
1,911 sqft |
2023-07-01 |
36 days |
1,896 sqft |
2023-08-01 |
37 days |
1,900 sqft |
2023-09-01 |
31 days |
1,908 sqft |
CAMBRIDGE - NEWTON - FRAMINGHAM's median listing age (time on market) for 2023-09-01 was 31 days.
This
is -9%
shorter
than the same period one year ago.
CAMBRIDGE - NEWTON - FRAMINGHAM's median square footage for active listings during the 2023-09-01 period was
1,908 sqft. One year prior, the average listing was
1,815 sqft.
CAMBRIDGE-NEWTON-FRAMINGHAM, MA Market Loan Reason
Loan Purpose |
Originations |
Total Value |
Average Loan |
Interest Rate Frequencies
Loan Rate |
Originations |
Total Value |
Average Loan |
Loan Sizing (CAMBRIDGE-NEWTON-FRAMINGHAM, MA MSA)
Loan Size |
Originations |
Total Value |
Average Loan |
LTV Distribution
Loan to Value |
Originations |
Total Value |
Average Loan |