Compare Today’s Mortgage Rates for Melbourne, Florida

Pureloan searches mortgage lenders and major banks in Melbourne, Florida 32941 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $8,118 or $23 / month is expected in Melbourne and other areas of Brevard county.

Pureloan’s search engine explores all home mortgage options in Melbourne, Florida 32941, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

No suitable program is found

Summary of Average Mortgage Terms in Melbourne, Florida 32941

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Melbourne, FL 32941, 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 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.

2013 2014 2015 2016 2017 2018 2019 2020
% 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 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