Compare Today’s Mortgage Rates for Bayou La Batre, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Bayou La Batre, Alabama 36509. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $2,200 or $6 / month in Bayou La Batre and surrounding areas of Mobile county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Bayou La Batre, Alabama 36509.

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Summary of Average Mortgage Terms in Bayou La Batre, Alabama 36509

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Bayou La Batre, AL 36509, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Historical Mortgage Rates for Bayou La Batre, Alabama 36509 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Bayou La Batre, Alabama and around Mobile county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 93.37% 86.67% 87.72% 88.79% 88.85% 86.10% 88.92% 87.30%
avg mortgage rate 4.89% 4.62% 3.85% 3.90% 4.48% 4.13% 3.94% 4.12%
% 15 year fixed mortgage 5.42% 12.50% 11.11% 8.88% 8.85% 12.36% 7.38% 10.32%
avg mortgage rate 4.29% 3.93% 3.26% 2.91% 3.49% 3.28% 3.10% 3.18%
Avg credit score 766.05 762.98 759.42 759.22 753.95 753.35 749.27 754.71
Avg LTV (loan to value) 75.44% 77.84% 81.92% 82.83% 83.45% 84.34% 85.08% 84.09%
Avg DTI (debt to income) 31.00 31.43 30.44 31.97 30.90 33.15 32.77 33.29
% First time homebuyer 30.72% 26.67% 22.22% 27.57% 28.46% 23.55% 21.54% 20.63%
Avg mortgage insurance % 4.03% 6.59% 10.96% 12.68% 14.28% 14.92% 16.06% 13.22%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Bayou La Batre, Alabama 36509

If you’re looking to buy a new home in Bayou La Batre, we have compiled a list of the leading mortgage brokers around Bayou La Batre, Alabama 36509 to help you with your search.

Name
Address
Contact

Money Store

12993 N Wintzell Ave

Bayou La Batre AL 36509

(251) 824-2600

moneyshopinfo@dfguk.com

Money Now

13571 Saint Stephens Ave

Chatom AL 36509

(251) 847-6339

http://www.moneynow.net

Hamilton Mortgage

2690 S McKenzie St

Foley AL 36509

(251) 952-4663

Mid America Mortgage South Ala

8112 Bay View Dr

Foley AL 36509

(251) 955-2154

Usa Realty

8605 State Highway 59

Foley AL 36509

(251) 943-6560

usarealty@live.com

Address

12993 N Wintzell Ave

Bayou La Batre AL

Contact

(251) 824-2600

moneyshopinfo@dfguk.com

Address

13571 Saint Stephens Ave

Chatom AL

Contact

(251) 847-6339

http://www.moneynow.net

Address

2690 S McKenzie St

Foley AL

Contact

(251) 952-4663

News on Mortgages and Reverse Mortgages for Bayou La Batre, Alabama 36509