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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.840903 -82.889905

Summary of Average Mortgage Terms in Armada, Michigan 48005

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Armada, MI

Source: Fannie Mae and Freddie Mac


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.

Local Mortgage Rates for Armada, MI

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

News on Mortgages and Reverse Mortgages for Armada, Michigan 48005