Compare Today’s Mortgage Rates for Newcastle, Maine
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Newcastle, Maine 04553. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $10,134 or $28 / month in Newcastle and other areas of Lincoln county.
Our search engine explores all home mortgage options in Newcastle, Maine 04553, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Newcastle, Maine 04553
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Interactive Mortgage Rate Projections for Newcastle, ME
To forecast and predict mortgage rates in Newcastle, ME 04553, 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 Newcastle, Maine 04553 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Newcastle, Maine and around Lincoln 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 | 85.80% | 81.55% | 82.21% | 82.91% | 84.66% | 85.22% | 82.63% | 82.19% |
| avg mortgage rate | 4.92% | 4.63% | 3.88% | 3.98% | 4.44% | 4.09% | 3.89% | 4.10% |
| % 15 year fixed mortgage | 10.24% | 12.24% | 14.61% | 14.43% | 11.46% | 11.40% | 13.40% | 12.72% |
| avg mortgage rate | 4.36% | 3.91% | 3.16% | 3.10% | 3.43% | 3.22% | 3.02% | 3.17% |
| Avg credit score | 765.84 | 764.52 | 764.45 | 762.59 | 756.61 | 756.54 | 755.53 | 751.72 |
| Avg LTV (loan to value) | 76.46% | 77.83% | 79.37% | 80.38% | 82.24% | 82.48% | 82.24% | 81.48% |
| Avg DTI (debt to income) | 31.16 | 30.64 | 30.04 | 30.81 | 32.46 | 33.09 | 32.60 | 34.24 |
| % First time homebuyer | 25.29% | 25.14% | 21.70% | 22.37% | 27.91% | 29.67% | 29.67% | 27.54% |
| Avg mortgage insurance % | 5.12% | 6.81% | 8.86% | 10.34% | 12.91% | 13.49% | 12.98% | 12.50% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Newcastle, Maine 04553
If you’re looking to buy a new home in Newcastle, we have compiled a list of the leading mortgage brokers around Newcastle, Maine 04553 to help you with your search.
Wells Fargo Home Mortgage
9 Resort Way
Ellsworth ME 04553
(207) 664-0267
http://www.wellsfargo.com/mortgage/
Northeast Modular Homes
6 Forrest Ave
Ellsworth ME 04553
(207) 667-7727
http://www.northeastmodular.com
Universal Mortgage Corporation
54 Oak St
Ellsworth ME 04553
(207) 664-0100
norman@universalmortgageinc.com
Coastal Mortgage
104 Main St
Ellsworth ME 04553
(207) 667-8399
coastal@downeast.net
Mdi Mortgage Group
27 Greeley Ave
Bar Harbor ME 04553
(207) 288-2881
http://www.mdimortgage.com/
Address
9 Resort Way
Ellsworth ME
Contact
(207) 664-0267
http://www.wellsfargo.com/mortgage/
Address
6 Forrest Ave
Ellsworth ME
Contact
(207) 667-7727
http://www.northeastmodular.com
Address
54 Oak St
Ellsworth ME
Contact
(207) 664-0100
norman@universalmortgageinc.com