PeoplesBank closing costs and rates (2024)
In 2024, PeoplesBank originated 206 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $4,396. That is $2,345 below the national median of $6,741. PeoplesBank is most active in Massachusetts with 138 originations there.
Purchase Originations
206
Median Total Costs
$4,396
−34.8% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$925
Median Lender Credits
$500
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 206 | 6.375% | $4,396 | $925 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 138 | 6.375% | $4,196 | #74 |
| Connecticut | 61 | 6.375% | $5,054 | #68 |
| Maine | 3 | 6.250% | $3,776 | — |
| New Hampshire | 3 | 6.500% | $3,552 | — |
| Vermont | 1 | 6.625% | $5,580 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,999 | 6.625% | — | 1 | −$1,397 | |
| 2 | $3,652 | 6.250% | — | 2 | −$744 | |
| 3 | $3,776 | 6.250% | — | 3 | −$620 | |
| 4 | $4,061 | 6.500% | — | 1 | −$335 | |
| 5 | $4,148 | 6.375% | — | 86 | −$248 | |
| 6 | $4,148 | 6.750% | — | 1 | −$248 | |
| 7 | $4,198 | 6.500% | — | 31 | −$198 | |
| 8 | $4,336 | 6.625% | — | 1 | −$60 | |
| 9 | $4,490 | 6.312% | — | 2 | +$94 | |
| 10 | $4,542 | 6.312% | — | 2 | +$146 | |
| 11 | $4,584 | 6.312% | — | 34 | +$188 | |
| 12 | $4,613 | 6.250% | — | 10 | +$217 | |
| 13 | $4,827 | 6.250% | — | 1 | +$431 | |
| 14 | $4,898 | 6.500% | — | 2 | +$502 | |
| 15 | $4,924 | 6.188% | — | 2 | +$528 | |
| 16 | $5,391 | 6.250% | — | 19 | +$995 | |
| 17 | $5,515 | 6.250% | — | 4 | +$1,119 | |
| 18 | $5,580 | 6.625% | — | 1 | +$1,184 | |
| 19 | $7,250 | 6.312% | — | 2 | +$2,854 | |
| 20 | $8,835 | 6.375% | — | 1 | +$4,439 |
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.