Compare Today’s Mortgage Rates for Melbourne, Florida
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Melbourne, Florida 32940. 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 $41,390 or $115 / month in Melbourne and other areas of Brevard county.
Our search engine explores all home mortgage options in Melbourne, Florida 32940, 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 Melbourne, Florida 32940
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Melbourne, FL
To forecast and predict mortgage rates in Melbourne, FL 32940, 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 Melbourne, Florida 32940 from 2014 - 2021
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.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 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% |
| 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 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 32940
If you’re looking to buy a new home in Melbourne, we have compiled a list of the leading mortgage brokers around Melbourne, Florida 32940 to help you with your search.
Name
Address
Contact
D & L Financial Mortgage
6550 N Wickham Rd
Melbourne FL 32940
(321) 253-8258
Advanced Mortgage Services
6550 N Wickham Rd
Melbourne FL 32940
(321) 752-4747
http://www.advancedmortgageservices.com
Homesite Mortgage Corporation
6767 N Wickham Rd
Melbourne FL 32940
(321) 751-4403
Tropical Mortgage Group
6450 N Wickham Rd
Melbourne FL 32940
(321) 255-6874
Atlantic Mortgage Services
8195 N Wickham Rd
Melbourne FL 32940
(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