Compare Today’s Mortgage Rates for Michael, Illinois
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Michael, Illinois 62065. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $2,883 or $8 / month in Michael and surrounding areas of Jersey 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 Michael, Illinois 62065.
Summary of Average Mortgage Terms in Michael, Illinois 62065
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Michael, IL 62065, 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 Michael, Illinois 62065 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Michael, Illinois and around Jersey county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
|% 30 year fixed mortgage||83.52%||80.42%||82.04%||85.67%||84.46%||85.22%||84.87%||85.19%|
|avg mortgage rate||4.94%||4.74%||3.87%||3.96%||4.43%||4.05%||3.84%||4.08%|
|% 15 year fixed mortgage||12.23%||14.86%||13.97%||12.31%||11.02%||11.34%||10.46%||11.48%|
|avg mortgage rate||4.33%||3.99%||3.13%||3.00%||3.40%||3.17%||3.04%||3.20%|
|Avg credit score||762.28||759.96||757.56||756.73||753.38||752.11||750.03||752.87|
|Avg LTV (loan to value)||77.11%||78.67%||81.08%||81.23%||82.45%||82.38%||83.72%||83.62%|
|Avg DTI (debt to income)||31.55||32.21||30.99||32.23||32.29||32.75||32.60||33.27|
|% First time homebuyer||29.04%||25.00%||25.35%||26.64%||25.14%||24.33%||26.69%||18.15%|
|Avg mortgage insurance %||5.23%||6.90%||9.98%||10.90%||11.61%||12.38%||13.52%||12.73%|
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Michael, Illinois 62065
If you’re looking to buy a new home in Michael, we have compiled a list of the leading mortgage brokers around Michael, Illinois 62065 to help you with your search.
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