Compare Today’s Mortgage Rates in Cape Elizabeth, Maine 04107
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Cape Elizabeth, Maine 04107.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Cape Elizabeth, Maine 04107. For a 30-year fixed loan, our calculations show that you can expect to save up to $7,214 over the lifetime of your mortgage, which translates to a monthly savings of $20 in Cape Elizabeth and other areas of Cumberland county.
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Summary of Average Mortgages in Cape Elizabeth, Maine 04107
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cape Elizabeth, Maine 04107
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cape Elizabeth, ME 04107. 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 Cape Elizabeth, Maine 04107 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cape Elizabeth, Maine and around Cumberland 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 | 93.84% | 92.28% | 92.46% | 90.07% | 88.36% | 83.95% | 83.66% | 84.91% | 84.50% |
avg mortgage rate | 6.41% | 4.56% | 3.01% | 3.36% | 4.37% | 4.64% | 4.20% | 3.94% | 4.11% |
% 15 year fixed mortgage | 4.47% | 6.07% | 6.15% | 8.14% | 9.62% | 11.75% | 12.13% | 12.33% | 11.79% |
avg mortgage rate | 5.63% | 3.55% | 2.47% | 2.88% | 3.80% | 3.96% | 3.32% | 2.98% | 3.16% |
Avg credit score | 749.68 | 757.65 | 756.14 | 759.94 | 756.86 | 752.26 | 755.41 | 754.14 | 756.00 |
Avg LTV (loan to value) | 81.14% | 82.53% | 83.40% | 84.14% | 83.06% | 81.29% | 82.60% | 82.64% | 83.44% |
Avg DTI (debt to income) | 36.00 | 34.56 | 32.58 | 32.97 | 33.10 | 33.14 | 32.51 | 32.21 | 31.55 |
% First time homebuyer | 41.45% | 36.52% | 34.69% | 35.71% | 32.54% | 26.53% | 28.84% | 30.57% | 30.07% |
Avg mortgage insurance % | 13.58% | 13.89% | 13.63% | 14.54% | 13.76% | 12.25% | 13.03% | 13.58% | 14.02% |
Best Mortgage Brokers around Cape Elizabeth, Maine 04107
For those searching for a new home in Cape Elizabeth, we have compiled a list of the top mortgage brokers located in and around Cape Elizabeth, Maine 04107 to assist you with your search.
Name
Address
Contact
Lighthouse Mortgage
299 Ocean House Rd
Cape Elizabeth ME 04107
(877) 672-5100
Merrimack Mortgage Company
305 Commercial St
Portland ME 04107
(207) 593-8767
Maine National Mortgage
25 Pearl St
Portland ME 04107
(207) 773-5850
Amal USA
118 Anderson St
Portland ME 04107
(207) 797-3377
Maine Home Mortgage
5 Milk St
Portland ME 04107
(207) 871-1001
info@mainehomemortgage.com
Address
299 Ocean House Rd
Cape Elizabeth ME
Contact
(877) 672-5100
Address
305 Commercial St
Portland ME
Contact
(207) 593-8767
Address
25 Pearl St
Portland ME
Contact
(207) 773-5850