Compare Today’s Mortgage Rates for Midway, Alabama

Pureloan searches mortgage lenders and major banks in Midway, Alabama 36053 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $3,944 or $11 / month is expected in Midway and other areas of Bullock county.

Pureloan’s search engine explores all home mortgage options in Midway, Alabama 36053, 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 Midway, Alabama 36053

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 Midway, AL 36053, 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 Midway, Alabama 36053 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Midway, Alabama and around Bullock 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 Midway, Alabama 36053

If you’re looking to buy a new home in Midway, we have compiled a list of the leading mortgage brokers around Midway, Alabama 36053 to help you with your search.

Name
Address
Contact

Trico Financial Service

102 Deatsville Hwy

Millbrook AL 36053

(334) 285-9739

Local Finance

2536 Highway 14

Millbrook AL 36053

(334) 290-2993

Home Mortgage of America

5300 Oak Tree Rd

Millbrook AL 36053

(334) 351-0570

Money Store

3581 Highway 14

Millbrook AL 36053

(334) 285-7990

http://www.themoneystore.com/

Anchor Mortgage Service

5300 Oak Tree Rd

Millbrook AL 36053

(334) 285-5353

http://www.anchormort.com

Address

102 Deatsville Hwy

Millbrook AL

Contact

(334) 285-9739

Address

2536 Highway 14

Millbrook AL

Contact

(334) 290-2993

Address

5300 Oak Tree Rd

Millbrook AL

Contact

(334) 351-0570

News on Mortgages and Reverse Mortgages for Midway, Alabama 36053