Compare Today’s Mortgage Rates for Monterey, California
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Monterey, California 93944. 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 $33,287 or $92 / month in Monterey and surrounding areas of Monterey 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 Monterey, California 93944.
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Summary of Average Mortgage Terms in Monterey, California 93944
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Monterey, CA 93944, 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 Monterey, California 93944 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Monterey, California and around Monterey 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 | 96.12% | 95.05% | 94.55% | 95.48% | 96.48% | 96.79% | 97.64% | 97.89% |
| avg mortgage rate | 4.98% | 4.72% | 3.97% | 4.03% | 4.49% | 4.14% | 3.98% | 4.21% |
| % 15 year fixed mortgage | 3.40% | 3.82% | 4.62% | 4.01% | 3.35% | 2.74% | 2.16% | 1.93% |
| avg mortgage rate | 4.38% | 3.96% | 3.29% | 3.08% | 3.43% | 3.43% | 3.16% | 3.42% |
| Avg credit score | 762.68 | 765.35 | 763.51 | 761.72 | 755.79 | 756.12 | 753.86 | 754.82 |
| Avg LTV (loan to value) | 72.46% | 74.01% | 75.66% | 74.81% | 76.21% | 74.93% | 75.66% | 76.79% |
| Avg DTI (debt to income) | 36.99 | 36.23 | 35.89 | 36.49 | 37.91 | 38.11 | 38.10 | 39.10 |
| % First time homebuyer | 42.11% | 34.94% | 28.39% | 32.68% | 37.20% | 35.03% | 35.07% | 37.54% |
| Avg mortgage insurance % | 2.36% | 2.77% | 4.25% | 5.08% | 6.89% | 6.04% | 7.36% | 8.04% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Monterey, California 93944
If you’re looking to buy a new home in Monterey, we have compiled a list of the leading mortgage brokers around Monterey, California 93944 to help you with your search.
Name
Address
Contact
Ag Mortgage Co.
30 Castanada Pl
Monterey CA 93944
(831) 372-1104
Home Savings of America
171 Webster St
Monterey CA 93944
(831) 655-1678
http://www.peoplesmortgagebanc.com
Monterey Coast Mortgage
80 Garden Ct
Monterey CA 93944
(831) 655-1644
http://www.montereycoastmortgage.com/
Property Solutions
798 Lighthouse Ave
Monterey CA 93944
(831) 648-1872
http://www.foreclosurepeople.com/
Kostkas, Richard-Agricap Financial Corporation
99 Pacific St
Monterey CA 93944
(213) 949-9798
http://agricap.com/
Address
30 Castanada Pl
Monterey CA
Contact
(831) 372-1104
Address
171 Webster St
Monterey CA
Contact
(831) 655-1678
http://www.peoplesmortgagebanc.com
Address
80 Garden Ct
Monterey CA
Contact
(831) 655-1644
http://www.montereycoastmortgage.com/