Compare Today’s Mortgage Rates for Millbrook, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Millbrook, Alabama 36054. 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 $5,617 or $16 / month in Millbrook and surrounding areas of Elmore 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 Millbrook, Alabama 36054.

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Summary of Average Mortgage Terms in Millbrook, Alabama 36054

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 Millbrook, AL 36054, 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 Millbrook, Alabama 36054 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Millbrook, Alabama and around Elmore 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 Millbrook, Alabama 36054

If you’re looking to buy a new home in Millbrook, we have compiled a list of the leading mortgage brokers around Millbrook, Alabama 36054 to help you with your search.

Name
Address
Contact

Anchor Mortgage Service

5300 Oak Tree Rd

Millbrook AL 36054

(334) 285-5353

http://www.anchormort.com

Money Store

3581 Highway 14

Millbrook AL 36054

(334) 285-7990

http://www.themoneystore.com/

Home Mortgage of America

5300 Oak Tree Rd

Millbrook AL 36054

(334) 351-0570

Local Finance

2536 Highway 14

Millbrook AL 36054

(334) 290-2993

Trico Financial Service

102 Deatsville Hwy

Millbrook AL 36054

(334) 285-9739

Address

5300 Oak Tree Rd

Millbrook AL

Contact

(334) 285-5353

http://www.anchormort.com

Address

3581 Highway 14

Millbrook AL

Contact

(334) 285-7990

http://www.themoneystore.com/

Address

5300 Oak Tree Rd

Millbrook AL

Contact

(334) 351-0570

News on Mortgages and Reverse Mortgages for Millbrook, Alabama 36054