Compare Today’s Mortgage Rates for Algonac, Michigan

Pureloan searches mortgage lenders and major banks in Algonac, Michigan 48001 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 $8,895 or $25 / month is expected in Algonac and other areas of Saint Clair county.

Pureloan’s search engine explores all home mortgage options in Algonac, Michigan 48001, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.630704 -82.560159

Summary of Average Mortgage Terms in Algonac, Michigan 48001

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Algonac, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Algonac, MI 48001, 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 Algonac, MI

Historical Mortgage Rates for Algonac, Michigan 48001 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Algonac, Michigan and around Saint Clair 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 86.08% 83.00% 84.38% 87.84% 89.13% 89.26% 89.76% 88.17%
avg mortgage rate 5.07% 4.79% 3.97% 4.11% 4.54% 4.23% 4.02% 4.23%
% 15 year fixed mortgage 12.03% 13.88% 12.88% 10.70% 9.53% 9.05% 8.54% 10.47%
avg mortgage rate 4.43% 4.06% 3.29% 3.31% 3.58% 3.37% 3.18% 3.40%
Avg credit score 761.24 764.56 762.02 757.46 752.75 749.21 747.88 746.47
Avg LTV (loan to value) 76.88% 78.57% 81.21% 82.38% 83.35% 83.55% 83.55% 82.93%
Avg DTI (debt to income) 32.42 31.68 31.69 32.19 33.12 33.15 33.88 34.39
% First time homebuyer 33.89% 30.18% 28.28% 35.82% 41.22% 40.53% 41.02% 39.25%
Avg mortgage insurance % 4.08% 5.63% 9.53% 10.97% 13.12% 13.43% 13.38% 12.57%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Algonac, Michigan 48001

If you’re looking to buy a new home in Algonac, we have compiled a list of the leading mortgage brokers around Algonac, Michigan 48001 to help you with your search.

Name
Address
Contact

Wells Fargo Home Mortgage

115 North Ave

Algonac MI 48001

(906) 249-3542

http://www.wellsfargo.com/mortgage/

Shore Mortgage

770 S Adams Rd

Birmingham MI 48001

(248) 433-3300

careers@shoremortgage.com

Home Funding Group

132 N Old Woodward Ave

Birmingham MI 48001

(248) 792-6242

dkeblaitis@homefundinggroup.net

United Wholesale Mortgage

555 S Adams Rd

Birmingham MI 48001

(248) 433-4799

http://www.uwmco.com/

Banco Mortgage Centre

379 Hamilton Row

Birmingham MI 48001

(248) 258-5600

rmcorr@carnegiemanagement.com

Address

115 North Ave

Algonac MI

Contact

(906) 249-3542

http://www.wellsfargo.com/mortgage/

Address

770 S Adams Rd

Birmingham MI

Contact

(248) 433-3300

careers@shoremortgage.com

Address

132 N Old Woodward Ave

Birmingham MI

Contact

(248) 792-6242

dkeblaitis@homefundinggroup.net

News on Mortgages and Reverse Mortgages for Algonac, Michigan 48001