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
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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