Compare Today’s Mortgage Rates for Medway, Maine
Pureloan searches mortgage lenders and major banks in Medway, Maine 04460 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 $11,584 or $32 / month is expected in Medway and other areas of Penobscot county.
Pureloan’s search engine explores all home mortgage options in Medway, Maine 04460, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Medway, Maine 04460
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APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Medway, ME
To forecast and predict mortgage rates in Medway, ME 04460, 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 Medway, Maine 04460 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Medway, Maine and around Penobscot county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 88.10% | 86.11% | 84.29% | 84.98% | 89.01% | 88.87% | 88.26% | 91.29% |
| avg mortgage rate | 4.92% | 4.65% | 3.87% | 3.98% | 4.46% | 4.14% | 3.95% | 4.13% |
| % 15 year fixed mortgage | 9.32% | 11.08% | 11.55% | 11.80% | 8.83% | 8.90% | 9.53% | 6.18% |
| avg mortgage rate | 4.33% | 3.90% | 3.13% | 3.07% | 3.45% | 3.26% | 3.09% | 3.35% |
| Avg credit score | 764.20 | 761.60 | 761.12 | 757.85 | 754.42 | 752.43 | 748.57 | 751.22 |
| Avg LTV (loan to value) | 77.20% | 78.49% | 79.82% | 81.45% | 83.49% | 83.86% | 84.12% | 83.42% |
| Avg DTI (debt to income) | 32.79 | 32.24 | 32.15 | 32.33 | 33.37 | 33.33 | 33.62 | 34.22 |
| % First time homebuyer | 31.76% | 28.14% | 28.93% | 30.41% | 35.89% | 36.48% | 33.02% | 35.11% |
| Avg mortgage insurance % | 4.91% | 6.71% | 8.10% | 10.41% | 12.99% | 14.10% | 14.15% | 13.27% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Medway, Maine 04460
If you’re looking to buy a new home in Medway, we have compiled a list of the leading mortgage brokers around Medway, Maine 04460 to help you with your search.
Name
Address
Contact
Primary Residential Mortgage
37 Court St
Bath ME 04460
(207) 370-6006
http://primaryresidentialmortgage.com
Wells Fargo Home Mortgage
2 Oak Grove Ave
Bath ME 04460
(207) 443-8726
http://www.wellsfargo.com/mortgage/
Address
37 Court St
Bath ME
Contact
(207) 370-6006
http://primaryresidentialmortgage.com
Address
2 Oak Grove Ave
Bath ME
Contact
(207) 443-8726
http://www.wellsfargo.com/mortgage/