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Pittsfield

Compare Current Pittsfield, Massachusetts Mortgage Rates

Compare Pittsfield, MA mortgage rates and fees from top lenders. 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 lowest 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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Pittsfield, MA Mortgage Rates as of March 29, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Pittsfield, MA Mortgage Rates

March 29, 2024

Current mortgage rates in Pittsfield, MA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Pittsfield, MA Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Pittsfield, Massachusetts?

Below we provide helpful information on the real estate market, home prices and housing affordability in Pittsfield. Understand how much you need to earn to afford a home in Pittsfield, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pittsfield fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Pittsfield is right for you.

The median home value for Pittsfield, MA (Berkshire County) is $288,860

Based on current mortgage rates and a 10% down payment, you need to make $60,261 per year to buy the median priced home in Pittsfield

With this income, you could qualify for a $259,974 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Pittsfield is $1,396

The median household income for Pittsfield, MA (Berkshire County) is $61,636

Based on this income, you can afford a home valued at approximately $295,451

The home price you can afford to buy based on household income in Pittsfield is 102% of the median home value which means housing prices are average. Pittsfield (Berkshire County) ranks 3 out of 14 counties in Massachusetts and 2,781 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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Pittsfield, MA

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Pittsfield, MA

1 unit: $726,200

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