Compare Today’s Mortgage Rates for Peaks Island, Maine

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Peaks Island, Maine 04108. 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 $29,040 or $81 / month in Peaks Island and surrounding areas of Cumberland 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 Peaks Island, Maine 04108.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

43.674971 -70.202201

Summary of Average Mortgage Terms in Peaks Island, Maine 04108

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Peaks Island, ME

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Peaks Island, ME 04108, 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.

Local Mortgage Rates for Peaks Island, ME

Historical Mortgage Rates for Peaks Island, Maine 04108 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Peaks Island, Maine and around Cumberland 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 88.08% 84.27% 83.70% 85.53% 86.28% 85.94% 86.42% 84.05%
avg mortgage rate 4.92% 4.62% 3.90% 4.00% 4.44% 4.12% 3.93% 4.14%
% 15 year fixed mortgage 8.79% 11.08% 13.20% 12.11% 11.26% 11.12% 11.11% 12.27%
avg mortgage rate 4.36% 3.88% 3.13% 3.12% 3.40% 3.18% 3.00% 3.23%
Avg credit score 763.37 762.43 764.19 761.33 758.06 756.49 755.03 755.54
Avg LTV (loan to value) 76.69% 77.29% 79.58% 80.72% 81.41% 82.66% 82.05% 81.48%
Avg DTI (debt to income) 30.31 30.67 30.25 30.93 31.88 32.04 32.66 32.87
% First time homebuyer 29.68% 27.02% 27.82% 25.00% 32.37% 32.09% 31.60% 31.13%
Avg mortgage insurance % 4.91% 6.11% 9.26% 10.22% 11.97% 13.15% 12.59% 11.97%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Peaks Island, Maine 04108

If you’re looking to buy a new home in Peaks Island, we have compiled a list of the leading mortgage brokers around Peaks Island, Maine 04108 to help you with your search.

Name
Address
Contact

Merrimack Mortgage Company

305 Commercial St

Portland ME 04108

(207) 593-8767

Maine National Mortgage

25 Pearl St

Portland ME 04108

(207) 773-5850

Amal USA

118 Anderson St

Portland ME 04108

(207) 797-3377

Maine Home Mortgage

5 Milk St

Portland ME 04108

(207) 871-1001

info@mainehomemortgage.com

Guaranteed Rate

63 Marginal Way

Portland ME 04108

(207) 331-4700

http://www.guaranteedrate.com/

Address

305 Commercial St

Portland ME

Contact

(207) 593-8767

Address

25 Pearl St

Portland ME

Contact

(207) 773-5850

Address

118 Anderson St

Portland ME

Contact

(207) 797-3377

News on Mortgages and Reverse Mortgages for Peaks Island, Maine 04108