Compare Today’s Mortgage Rates for Mobile, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Mobile, Alabama 36695. 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 Mobile and other areas of Mobile county.

Our search engine explores all home mortgage options in Mobile, Alabama 36695, 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 Mobile, Alabama 36695

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 Mobile, AL 36695, 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 Mobile, Alabama 36695 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Mobile, 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 Mobile, Alabama 36695

If you’re looking to buy a new home in Mobile, we have compiled a list of the leading mortgage brokers around Mobile, Alabama 36695 to help you with your search.

Name
Address
Contact

TitleMax Title Loans

4003 Saint Stephens Rd

Mobile AL 36695

(251) 544-6787

webinquiries@titlemax.com

Quik Pawn Shop

1306 Saint Stephens Rd

Mobile AL 36695

(251) 433-2701

customerservice@quikpawnshop.com

American Home Lending USA

250 Congress St

Mobile AL 36695

(251) 431-8858

Gautier Processor

2201 Perimeter Rd

Mobile AL 36695

(251) 431-9008

Alabama Title Loans

2200 Dauphin Island Pkwy

Mobile AL 36695

(251) 479-3432

http://www.alabamatitleloansinc.com/

Address

4003 Saint Stephens Rd

Mobile AL

Contact

(251) 544-6787

webinquiries@titlemax.com

Address

1306 Saint Stephens Rd

Mobile AL

Contact

(251) 433-2701

customerservice@quikpawnshop.com

Address

250 Congress St

Mobile AL

Contact

(251) 431-8858

News on Mortgages and Reverse Mortgages for Mobile, Alabama 36695