MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION originated 102 purchase mortgages at a median interest rate of 6.56% and median total closing costs of $4,445. That is $2,296 below the national median of $6,741. MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION is most active in Massachusetts with 65 originations there.
Purchase Originations
102
Median Total Costs
$4,445
−34.1% vs national ($6,741)
Median Rate
6.562%
−0.9% vs national (6.620%)
Median Origination
$969
Median Lender Credits
$1,522
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 102 | 6.562% | $4,445 | $969 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 65 | 6.625% | $4,331 | #114 |
| New Hampshire | 5 | 6.500% | $3,809 | — |
| Pennsylvania | 4 | 6.688% | $4,729 | — |
| Florida | 3 | 6.625% | $5,024 | — |
| Maryland | 3 | 6.375% | $4,654 | — |
| Rhode Island | 3 | 6.625% | $5,184 | — |
| Colorado | 2 | 6.375% | $5,705 | — |
| Connecticut | 2 | 6.438% | $3,823 | — |
| Oregon | 2 | 6.312% | $5,334 | — |
| Texas | 2 | 6.500% | $7,234 | — |
| California | 1 | 6.250% | $13,592 | — |
| District of Columbia | 1 | 6.250% | $4,731 | — |
| Illinois | 1 | 6.375% | $5,866 | — |
| Maine | 1 | 6.625% | $4,702 | — |
| North Carolina | 1 | 6.875% | $3,635 | — |
| New Jersey | 1 | 6.500% | $5,902 | — |
| Nevada | 1 | 6.875% | $4,438 | — |
| Utah | 1 | 6.375% | $4,872 | — |
| Virginia | 1 | 6.500% | $2,965 | — |
| Washington | 1 | 5.250% | $20,109 | — |
| Wisconsin | 1 | 6.750% | $2,677 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,376 | 5.875% | — | 1 | −$2,069 | |
| 2 | $3,596 | 6.500% | — | 1 | −$849 | |
| 3 | $3,687 | 6.500% | — | 2 | −$758 | |
| 4 | $3,711 | 6.375% | — | 1 | −$734 | |
| 5 | $3,778 | 6.688% | — | 2 | −$667 | |
| 6 | $3,906 | 6.375% | — | 1 | −$539 | |
| 7 | $3,934 | 6.125% | — | 3 | −$511 | |
| 8 | $3,935 | 6.500% | — | 1 | −$510 | |
| 9 | $3,982 | 6.625% | — | 6 | −$463 | |
| 10 | $4,400 | 6.625% | — | 41 | −$45 | |
| 11 | $4,699 | 6.500% | — | 7 | +$254 | |
| 12 | $4,731 | 6.250% | — | 1 | +$286 | |
| 13 | $5,016 | 6.312% | — | 2 | +$571 | |
| 14 | $5,091 | 6.750% | — | 4 | +$646 | |
| 15 | $5,213 | 6.812% | — | 2 | +$768 | |
| 16 | $5,334 | 6.312% | — | 2 | +$889 | |
| 17 | $5,456 | 6.688% | — | 2 | +$1,011 | |
| 18 | $7,234 | 6.500% | — | 2 | +$2,789 | |
| 19 | $7,814 | 6.250% | — | 1 | +$3,369 | |
| 20 | $13,592 | 6.250% | — | 1 | +$9,147 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.