Compare Today’s Mortgage Rates for Melbourne, Florida

Pureloan searches all major banks and mortgage lenders for the best home loan rates in Melbourne, Florida 32941. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $29,563 or $82 / month in Melbourne and surrounding areas of Brevard 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 Melbourne, Florida 32941.

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Summary of Average Mortgage Terms in Melbourne, Florida 32941

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Historical Mortgage Rates for Melbourne, Florida 32941 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Melbourne, Florida and around Brevard county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2012 2013 2014 2015 2016 2017 2018 2019
% 30 year fixed mortgage 88.63% 87.50% 85.95% 86.03% 88.85% 86.94% 89.45% 88.47%
avg mortgage rate 4.92% 4.70% 3.91% 3.97% 4.47% 4.13% 3.93% 4.20%
% 15 year fixed mortgage 9.00% 10.55% 11.83% 12.60% 9.95% 11.41% 8.84% 9.47%
avg mortgage rate 4.39% 3.93% 3.14% 3.18% 3.51% 3.28% 3.11% 3.45%
% 10 year fixed mortgage 0.30% 0.80% 0.46% 0.19% 0.27% 0.05% 0.26% 0.36%
avg mortgage rate 4.21% 3.79% 3.03% 3.38% 3.53% 3.38% 3.10% 3.79%
Avg credit score 766.15 762.90 765.41 759.81 757.57 757.75 753.34 763.97
Avg LTV (loan to value) 73.45% 73.88% 75.18% 76.92% 78.76% 78.76% 79.90% 78.91%
Avg Combined LTV (loan to value) 73.64% 74.17% 75.38% 76.97% 78.88% 78.86% 80.05% 79.04%
Avg DTI (debt to income) 32.61 33.33 32.89 32.87 33.74 34.21 34.50 35.01
% First time homebuyer 17.80% 15.71% 18.21% 19.24% 22.03% 22.36% 23.52% 20.75%
Avg mortgage insurance % 2.05% 3.04% 4.48% 6.40% 8.94% 9.00% 10.12% 9.33%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Melbourne, Florida 32941

If you’re looking to buy a new home in Melbourne, we have compiled a list of the leading mortgage brokers around Melbourne, Florida 32941 to help you with your search.

Name
Address
Contact

D & L Financial Mortgage

6550 N Wickham Rd

Melbourne FL 32941

(321) 253-8258

Advanced Mortgage Services

6550 N Wickham Rd

Melbourne FL 32941

(321) 752-4747

http://www.advancedmortgageservices.com

Homesite Mortgage Corporation

6767 N Wickham Rd

Melbourne FL 32941

(321) 751-4403

Tropical Mortgage Group

6450 N Wickham Rd

Melbourne FL 32941

(321) 255-6874

Atlantic Mortgage Services

8195 N Wickham Rd

Melbourne FL 32941

(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

News on Mortgages and Reverse Mortgages for Melbourne, Florida 32941