Compare Today’s Mortgage Rates in Yarmouth, Maine 04096

Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Yarmouth, Maine 04096.

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 Yarmouth, Maine 04096. For a 30-year fixed loan, our calculations show that you can expect to save up to $34,402 over the lifetime of your mortgage, which translates to a monthly savings of $96 in Yarmouth and other areas of Cumberland county.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

43.800933 -70.174958 1348

Summary of Average Mortgages in Yarmouth, Maine 04096

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Yarmouth, Maine 04096

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Yarmouth, ME 04096. 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.

Local Mortgage Rates in Yarmouth, Maine 04096

Yarmouth is a town in Cumberland County, Maine, United States, twelve miles north of the state's largest city, Portland. When originally settled in 1636, as North Yarmouth, it was part of the Massachusetts Bay Colony, and remained part of its subsequent incarnations for 213 years. Read more

Yarmouth is a town in Cumberland County, Maine, United States, twelve miles north of the state's largest city, Portland. When originally settled in 1636, as North Yarmouth, it was part of the Massachusetts Bay Colony, and remained part of its subsequent incarnations for 213 years. In 1849, twenty-nine years after Maine's admittance to the Union as the twenty-third state, it was incorporated as the Town of Yarmouth.

Yarmouth is part of the Portland–South Portland-Biddeford Metropolitan Statistical Area. The town's population was 8,990 in the 2020 census.The town's proximity to the Atlantic Ocean, and its location on the banks of the Royal River, which empties into Casco Bay less than one mile away, means it is a prime location as a harbor. Ships were built in Yarmouth's harbor mainly between 1818 and the 1870s, at which point demand declined dramatically. Meanwhile, the Royal River's four waterfalls within Yarmouth, whose Main Street sits about 90 feet above sea level, resulted in the foundation of almost sixty mills between 1674 and 1931.

The annual Yarmouth Clam Festival attracts around 120,000 people over the course of the three-day weekend. Read less

Historical Mortgage Rates in Yarmouth, Maine 04096 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Yarmouth, 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 94.56% 92.62% 92.83% 91.46% 89.20% 88.15% 82.75% 82.40% 80.48%
avg mortgage rate 6.55% 4.63% 3.05% 3.38% 4.41% 4.68% 4.24% 3.87% 4.12%
% 15 year fixed mortgage 4.08% 5.94% 5.08% 6.02% 7.29% 8.81% 14.33% 14.08% 14.74%
avg mortgage rate 5.92% 4.12% 2.54% 2.79% 3.72% 4.05% 3.46% 3.09% 3.26%
Avg credit score 748.02 768.60 749.35 753.22 751.77 753.52 753.46 755.00 757.40
Avg LTV (loan to value) 76.52% 80.58% 82.55% 82.75% 82.40% 80.31% 81.11% 81.19% 80.44%
Avg DTI (debt to income) 34.82 34.90 33.06 32.87 34.20 33.72 32.96 31.08 31.46
% First time homebuyer 37.41% 34.43% 28.40% 28.35% 29.15% 21.88% 21.05% 20.23% 21.12%
Avg mortgage insurance % 10.94% 12.61% 12.24% 13.60% 13.78% 10.55% 11.46% 11.38% 10.71%

Source: Financial Report of the US Government

Best Mortgage Brokers around Yarmouth, Maine 04096

For those searching for a new home in Yarmouth, we have compiled a list of the top mortgage brokers located in and around Yarmouth, Maine 04096 to assist you with your search.

Name
Address
Contact

Maine Bank & Trust

233 Main St

Yarmouth ME 04096

(207) 846-9400

Mc Laughlin Financial Group

348 W Elm St

Yarmouth ME 04096

(207) 846-1118

Key Bank

93 Main St

Yarmouth ME 04096

(207) 846-5501

Mortgage Office

360 Route 1

Yarmouth ME 04096

(207) 846-1444

james12colbert@yahoo.com

Merrimack Mortgage Company

305 Commercial St

Portland ME 04096

(207) 593-8767

Address

233 Main St

Yarmouth ME

Contact

(207) 846-9400

Address

348 W Elm St

Yarmouth ME

Contact

(207) 846-1118

Address

93 Main St

Yarmouth ME

Contact

(207) 846-5501

News on Mortgages and Reverse Mortgages for Yarmouth, Maine 04096

Looking for Mortgage Rates in Other Cities Named Yarmouth?