Compare Today’s Mortgage Rates for Eight Mile, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Eight Mile, Alabama 36613. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $5,185 or $14 / month in Eight Mile and other areas of Mobile county.

Our search engine explores all home mortgage options in Eight Mile, Alabama 36613, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in Eight Mile, Alabama 36613

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 Eight Mile, AL 36613, 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 Eight Mile, Alabama 36613 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Eight Mile, 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 Eight Mile, Alabama 36613

If you’re looking to buy a new home in Eight Mile, we have compiled a list of the leading mortgage brokers around Eight Mile, Alabama 36613 to help you with your search.

Name
Address
Contact

Money Store

4546 Saint Stephens Rd

Eight Mile AL 36613

(251) 452-1160

moneyshopinfo@dfguk.com

Credit Central

5253 Highway 90 W

Mobile AL 36613

(251) 661-5194

http://www.creditcentralinc.com/

Southern Management

5253 Highway 90 W

Mobile AL 36613

(251) 643-7250

TitleMax Title Loans

5376 Highway 90 W

Mobile AL 36613

(251) 602-1900

webinquiries@titlemax.com

Ctfinancial

5451 Halls Mill Rd

Mobile AL 36613

(251) 342-9863

Address

4546 Saint Stephens Rd

Eight Mile AL

Contact

(251) 452-1160

moneyshopinfo@dfguk.com

Address

5253 Highway 90 W

Mobile AL

Contact

(251) 661-5194

http://www.creditcentralinc.com/

Address

5253 Highway 90 W

Mobile AL

Contact

(251) 643-7250

News on Mortgages and Reverse Mortgages for Eight Mile, Alabama 36613