Compare Today’s Mortgage Rates for Watson, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Watson, Alabama 35181. 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 $7,982 or $22 / month in Watson and surrounding areas of Jefferson 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 Watson, Alabama 35181.

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Summary of Average Mortgage Terms in Watson, Alabama 35181

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 Watson, AL 35181, 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 Watson, Alabama 35181 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Watson, Alabama and around Jefferson 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 85.43% 79.88% 81.18% 87.12% 85.10% 88.33% 84.52% 85.62%
avg mortgage rate 4.79% 4.55% 3.83% 3.88% 4.38% 4.05% 3.93% 4.12%
% 15 year fixed mortgage 12.15% 17.16% 16.13% 11.86% 12.12% 10.76% 13.31% 11.64%
avg mortgage rate 4.20% 3.68% 3.17% 3.14% 3.42% 3.23% 3.00% 3.21%
Avg credit score 763.45 760.86 760.60 758.87 758.55 757.00 756.20 757.18
Avg LTV (loan to value) 76.83% 78.95% 82.17% 82.45% 83.17% 84.08% 84.13% 83.59%
Avg DTI (debt to income) 30.24 30.25 27.92 27.95 29.60 29.11 29.56 31.08
% First time homebuyer 26.72% 31.36% 28.49% 31.86% 23.74% 27.46% 26.01% 23.97%
Avg mortgage insurance % 4.95% 6.63% 10.92% 11.53% 12.39% 13.58% 13.96% 14.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Watson, Alabama 35181

If you’re looking to buy a new home in Watson, we have compiled a list of the leading mortgage brokers around Watson, Alabama 35181 to help you with your search.

Name
Address
Contact

Payday USA

419 Caldwell Dr

Warrior AL 35181

(205) 590-4504

Eastern Capital

14212 Highway 61

Wilsonville AL 35181

(205) 669-0111

Cash Choice

2412 Green Springs Hwy

Birmingham AL 35181

(205) 945-4950

Regions Mortgage

200 Inverness Center Dr

Birmingham AL 35181

(205) 995-5297

Movement Mortgage

270 Rogers Dr

Birmingham AL 35181

(952) 595-0003

http://movementmortgage.com

Address

419 Caldwell Dr

Warrior AL

Contact

(205) 590-4504

Address

14212 Highway 61

Wilsonville AL

Contact

(205) 669-0111

Address

2412 Green Springs Hwy

Birmingham AL

Contact

(205) 945-4950

News on Mortgages and Reverse Mortgages for Watson, Alabama 35181