Compare Today’s Mortgage Rates for Ann Arbor, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Ann Arbor, Michigan 48103. 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 $11,606 or $32 / month in Ann Arbor and other areas of Washtenaw county.
Our search engine explores all home mortgage options in Ann Arbor, Michigan 48103, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Ann Arbor, Michigan 48103
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Interactive Mortgage Rate Projections for Ann Arbor, MI
To forecast and predict mortgage rates in Ann Arbor, MI 48103, 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 Ann Arbor, Michigan 48103 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Ann Arbor, Michigan and around Washtenaw 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 Ann Arbor, Michigan 48103
If you’re looking to buy a new home in Ann Arbor, we have compiled a list of the leading mortgage brokers around Ann Arbor, Michigan 48103 to help you with your search.
Marflax Corporation
2035 Hogback Rd
Ann Arbor MI 48103
(734) 665-8000
http://marflax.com
Academy Mortgage - Ann Arbor
3600 Green Ct
Ann Arbor MI 48103
(734) 794-7464
contact@academymortgage.com
Construction Loan One
24 Frank Lloyd Wright Dr
Ann Arbor MI 48103
(734) 332-8000
http://constructionloanone.com
Ann Arbor Mortgage
2200 Green Rd
Ann Arbor MI 48103
(734) 669-5880
info@annarbormortgageco.com
Cole Taylor Mortgage
2350 Green Rd
Ann Arbor MI 48103
(734) 548-6100
http://www.coletaylormortgage.com/
Address
2035 Hogback Rd
Ann Arbor MI
Contact
(734) 665-8000
http://marflax.com
Address
3600 Green Ct
Ann Arbor MI
Contact
(734) 794-7464
contact@academymortgage.com
Address
24 Frank Lloyd Wright Dr
Ann Arbor MI
Contact
(734) 332-8000
http://constructionloanone.com