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Pittsfield

Current Mortgage Rates in Pittsfield, Massachusetts

Compare mortgage rates and fees for leading lenders in Pittsfield, MA. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Pittsfield.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pittsfield. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Pittsfield, MA as of August 19, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Pittsfield, MA Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Pittsfield is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Pittsfield, MA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Pittsfield, Massachusetts?

The median home value for Pittsfield, MA (Berkshire County) is $213,107

The median household income for Pittsfield, MA (Berkshire County) is $56,877

Based on current mortgage rates and a 10% down payment, you need to make $39,538 per year to buy the median priced home in Pittsfield

The home price you can afford to by based on household income in Pittsfield is 144% of the median home value which means housing prices are average

Pittsfield (Berkshire County) ranks 1 out of 14 counties in Massachusetts and 2,621 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Pittsfield, MA is average

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Loan Limits for Pittsfield, Massachusetts

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pittsfield (Berkshire County) below.

Conforming loan limits for Pittsfield, MA

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Pittsfield, MA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Pittsfield, MA

1 unit: $484,350

Additional Mortgage Resources for Pittsfield, MA Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index