Compare Today’s Mortgage Rates for Armada, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Armada, Michigan 48005. 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 $9,952 or $28 / month in Armada and surrounding areas of Macomb 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 Armada, Michigan 48005.
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Summary of Average Mortgage Terms in Armada, Michigan 48005
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Armada, MI
To forecast and predict mortgage rates in Armada, MI 48005, 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 Armada, Michigan 48005 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Armada, Michigan and around Macomb 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 Armada, Michigan 48005
If you’re looking to buy a new home in Armada, we have compiled a list of the leading mortgage brokers around Armada, Michigan 48005 to help you with your search.
Name
Address
Contact
Global Mortgage
25537 Van Dyke Ave
Center Line MI 48005
(586) 755-5050
Mortgage Specialists
909 W Maple Rd
Clawson MI 48005
(248) 280-9696
Capital Stop
17250 W 12 Mile Rd
Southfield MI 48005
(248) 416-8866
Americor Mortgage
1700 W Big Beaver Rd
Troy MI 48005
(248) 643-0800
http://www.americor.com
Arcs Commercial Mortgage
100 W Big Beaver Rd
Troy MI 48005
(248) 740-0353
Address
25537 Van Dyke Ave
Center Line MI
Contact
(586) 755-5050
Address
909 W Maple Rd
Clawson MI
Contact
(248) 280-9696
Address
17250 W 12 Mile Rd
Southfield MI
Contact
(248) 416-8866