Compare Today’s Mortgage Rates for Auburn Hills, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Auburn Hills, Michigan 48326. 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 $22,286 or $62 / month in Auburn Hills and surrounding areas of Oakland 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 Auburn Hills, Michigan 48326.
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Summary of Average Mortgage Terms in Auburn Hills, Michigan 48326
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Auburn Hills, MI
To forecast and predict mortgage rates in Auburn Hills, MI 48326, 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 Auburn Hills, Michigan 48326 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Auburn Hills, Michigan and around Oakland 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 Auburn Hills, Michigan 48326
If you’re looking to buy a new home in Auburn Hills, we have compiled a list of the leading mortgage brokers around Auburn Hills, Michigan 48326 to help you with your search.
Name
Address
Contact
Eagle Ottawa
2930 Auburn Rd
Auburn Hills MI 48326
(248) 852-5421
First National Mortgage Bankers
2851 High Meadow Cir
Auburn Hills MI 48326
(248) 276-1130
Rock Financial
3252 University Dr
Auburn Hills MI 48326
(248) 650-5600
RJ Credit Association
3386 Countryside Cir
Auburn Hills MI 48326
(248) 451-1533
http://www.rjcreditassociates.com
Mid American Mortgage
1509 N Opdyke Rd
Auburn Hills MI 48326
(248) 377-4100
Address
2930 Auburn Rd
Auburn Hills MI
Contact
(248) 852-5421
Address
2851 High Meadow Cir
Auburn Hills MI
Contact
(248) 276-1130
Address
3252 University Dr
Auburn Hills MI
Contact
(248) 650-5600