Compare Today’s Mortgage Rates in Salem, Indiana 47167
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Salem, Indiana 47167.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $4,204 over the lifetime of your 30-year fixed loan, or a monthly savings of $12 in Salem and other areas of Washington county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Salem, Indiana 47167
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Salem, Indiana 47167
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, IN 47167. 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 Salem, Indiana 47167 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Indiana and around Washington 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 | 95.68% | 93.69% | 91.88% | 91.63% | 88.90% | 87.09% | 86.09% | 88.43% | 86.06% |
| avg mortgage rate | 6.54% | 4.67% | 3.05% | 3.49% | 4.47% | 4.65% | 4.24% | 3.93% | 4.11% |
| % 15 year fixed mortgage | 2.78% | 4.18% | 5.75% | 5.98% | 7.93% | 10.49% | 10.00% | 9.35% | 10.59% |
| avg mortgage rate | 5.49% | 3.84% | 2.46% | 3.01% | 3.92% | 4.01% | 3.35% | 3.14% | 3.23% |
| Avg credit score | 751.05 | 748.90 | 755.71 | 750.40 | 746.51 | 749.88 | 750.24 | 748.12 | 751.40 |
| Avg LTV (loan to value) | 81.68% | 82.58% | 83.97% | 84.68% | 83.64% | 80.99% | 82.22% | 82.95% | 82.20% |
| Avg DTI (debt to income) | 35.41 | 34.06 | 32.53 | 32.77 | 33.31 | 32.96 | 31.85 | 31.23 | 30.85 |
| % First time homebuyer | 40.43% | 39.72% | 36.57% | 36.43% | 33.40% | 22.44% | 24.20% | 28.37% | 24.91% |
| Avg mortgage insurance % | 13.98% | 13.79% | 14.67% | 14.86% | 13.85% | 12.00% | 11.81% | 13.46% | 12.00% |
Best Mortgage Brokers around Salem, Indiana 47167
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Indiana 47167 to assist you with your search.
Name
Address
Contact
Pay Day USA
607 S Main St
Salem IN 47167
(812) 896-1837
Sagamore Home Mortgage
62 Public Sq
Salem IN 47167
(812) 883-0670
dbaxter@sagamoremtg.com
First Midwest Financial
314B Hunter Station Rd
Sellersburg IN 47167
(812) 246-5626
david.stricker@fmf-loans.com
Check 'n Go
106 Hometown Plz
Sellersburg IN 47167
(812) 406-0923
comments@checkngo.com
Check 'n Go
7414 Highway 311
Sellersburg IN 47167
(812) 246-0711
comments@checkngo.com
Address
607 S Main St
Salem IN
Contact
(812) 896-1837
Address
62 Public Sq
Salem IN
Contact
(812) 883-0670
dbaxter@sagamoremtg.com
Address
314B Hunter Station Rd
Sellersburg IN
Contact
(812) 246-5626
david.stricker@fmf-loans.com