Compare Today’s Mortgage Rates in Merrill, Iowa 51038
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Merrill, Iowa 51038.
Our search engine thoroughly explores all home mortgage options in Merrill, Iowa 51038, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $6,956 in lifetime cash or $19 per month in Merrill and other areas of Plymouth county.
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Summary of Average Mortgages in Merrill, Iowa 51038
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Merrill, Iowa 51038
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Merrill, IA 51038. 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 Merrill, Iowa 51038 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Merrill, Iowa and around Plymouth 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 | 84.00% | 87.50% | 86.07% | 82.33% | 81.07% | 76.98% | 78.40% | 71.52% | 76.15% |
avg mortgage rate | 6.30% | 4.61% | 2.89% | 3.20% | 4.26% | 4.48% | 4.07% | 3.73% | 3.96% |
% 15 year fixed mortgage | 8.00% | 8.33% | 11.07% | 13.95% | 11.83% | 17.46% | 18.40% | 22.52% | 19.23% |
avg mortgage rate | 5.56% | 3.33% | 2.22% | 2.71% | 3.68% | 3.79% | 3.25% | 2.92% | 3.12% |
Avg credit score | 749.28 | 855.15 | 745.61 | 792.68 | 742.93 | 752.76 | 740.55 | 739.63 | 745.19 |
Avg LTV (loan to value) | 87.96% | 83.63% | 83.89% | 84.27% | 84.25% | 80.81% | 83.55% | 81.67% | 81.54% |
Avg DTI (debt to income) | 34.12 | 33.73 | 32.24 | 31.34 | 33.61 | 31.60 | 32.02 | 33.00 | 31.64 |
% First time homebuyer | 48.00% | 45.83% | 46.31% | 41.86% | 39.05% | 26.98% | 32.80% | 29.14% | 30.77% |
Avg mortgage insurance % | 17.44% | 15.43% | 15.60% | 13.95% | 14.18% | 10.87% | 13.13% | 11.52% | 12.18% |
Best Mortgage Brokers around Merrill, Iowa 51038
For those searching for a new home in Merrill, we have compiled a list of the top mortgage brokers located in and around Merrill, Iowa 51038 to assist you with your search.
Name
Address
Contact
Sherwood Forest Grants
400 Central Ave NW
Orange City IA 51038
(712) 737-8920
http://www.sherwoodforestgrants.com
Vogel Bancshares
105 Albany Ave SE
Orange City IA 51038
(712) 737-4818
http://iowastatebank.net
AgCom Insurance Agency
1362 Highway 59
Holstein IA 51038
(712) 368-2611
sheryl@agcomfinancial.com
Address
400 Central Ave NW
Orange City IA
Contact
(712) 737-8920
http://www.sherwoodforestgrants.com
Address
105 Albany Ave SE
Orange City IA
Contact
(712) 737-4818
http://iowastatebank.net
Address
1362 Highway 59
Holstein IA
Contact
(712) 368-2611
sheryl@agcomfinancial.com