Compare Today’s Mortgage Rates in Melbourne, Florida 32904
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Melbourne, Florida 32904.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $17,503 over the lifetime of your 30-year fixed loan, or a monthly savings of $49 in Melbourne and other areas of Brevard county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Melbourne, Florida 32904
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Melbourne, Florida 32904
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Melbourne, FL 32904. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Melbourne, Florida 32904 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Melbourne, Florida and around Brevard county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 94.73% | 93.93% | 93.74% | 92.60% | 91.97% | 90.57% | 88.41% | 89.95% | 87.89% |
| avg mortgage rate | 6.41% | 4.62% | 3.09% | 3.47% | 4.47% | 4.71% | 4.27% | 3.98% | 4.15% |
| % 15 year fixed mortgage | 4.45% | 4.80% | 5.38% | 6.12% | 6.70% | 7.77% | 9.43% | 8.55% | 10.45% |
| avg mortgage rate | 5.73% | 3.53% | 2.45% | 2.99% | 3.86% | 4.06% | 3.51% | 3.20% | 3.35% |
| Avg credit score | 754.47 | 760.24 | 764.07 | 764.11 | 763.61 | 759.94 | 751.70 | 752.22 | 756.45 |
| Avg LTV (loan to value) | 75.94% | 77.99% | 79.27% | 79.44% | 79.08% | 77.38% | 78.48% | 78.80% | 78.53% |
| Avg DTI (debt to income) | 38.13 | 36.83 | 34.90 | 35.47 | 36.49 | 36.13 | 35.20 | 34.89 | 34.25 |
| % First time homebuyer | 33.09% | 31.20% | 27.55% | 27.52% | 27.72% | 23.27% | 22.51% | 24.00% | 24.12% |
| Avg mortgage insurance % | 9.54% | 9.77% | 10.12% | 10.42% | 9.77% | 8.16% | 8.50% | 9.05% | 7.95% |
Best Mortgage Brokers around Melbourne, Florida 32904
For those searching for a new home in Melbourne, we have compiled a list of the top mortgage brokers located in and around Melbourne, Florida 32904 to assist you with your search.
Name
Address
Contact
D & L Financial Mortgage
6550 N Wickham Rd
Melbourne FL 32904
(321) 253-8258
Advanced Mortgage Services
6550 N Wickham Rd
Melbourne FL 32904
(321) 752-4747
http://www.advancedmortgageservices.com
Homesite Mortgage Corporation
6767 N Wickham Rd
Melbourne FL 32904
(321) 751-4403
Tropical Mortgage Group
6450 N Wickham Rd
Melbourne FL 32904
(321) 255-6874
Atlantic Mortgage Services
8195 N Wickham Rd
Melbourne FL 32904
(321) 453-1905
http://atlanticeloan.com
Address
6550 N Wickham Rd
Melbourne FL
Contact
(321) 253-8258
Address
6550 N Wickham Rd
Melbourne FL
Contact
(321) 752-4747
http://www.advancedmortgageservices.com
Address
6767 N Wickham Rd
Melbourne FL
Contact
(321) 751-4403