Compare Today’s Mortgage Rates for Baraga, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Baraga, Michigan 49908. 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 $8,642 or $24 / month in Baraga and surrounding areas of Baraga 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 Baraga, Michigan 49908.
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Summary of Average Mortgage Terms in Baraga, Michigan 49908
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Expected Savings
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Interactive Mortgage Rate Projections for Baraga, MI
To forecast and predict mortgage rates in Baraga, MI 49908, 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 Baraga, Michigan 49908 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Baraga, Michigan and around Baraga 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 | 81.91% | 77.75% | 76.36% | 78.51% | 83.42% | 82.95% | 83.89% | 84.30% |
| avg mortgage rate | 4.88% | 4.67% | 3.91% | 4.00% | 4.43% | 4.09% | 3.89% | 4.11% |
| % 15 year fixed mortgage | 13.07% | 17.16% | 17.73% | 17.56% | 13.48% | 13.35% | 12.68% | 12.45% |
| avg mortgage rate | 4.29% | 3.86% | 3.13% | 3.22% | 3.49% | 3.23% | 3.07% | 3.32% |
| Avg credit score | 765.70 | 760.39 | 762.48 | 758.51 | 754.58 | 754.10 | 746.51 | 749.94 |
| Avg LTV (loan to value) | 77.27% | 78.81% | 80.10% | 81.43% | 82.46% | 82.09% | 83.18% | 83.26% |
| Avg DTI (debt to income) | 30.51 | 30.30 | 30.37 | 30.49 | 31.59 | 31.94 | 32.58 | 32.59 |
| % First time homebuyer | 24.15% | 20.78% | 19.90% | 26.25% | 25.23% | 23.80% | 24.77% | 27.08% |
| Avg mortgage insurance % | 4.47% | 6.92% | 7.78% | 9.47% | 12.01% | 11.43% | 12.51% | 12.29% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Baraga, Michigan 49908
If you’re looking to buy a new home in Baraga, we have compiled a list of the leading mortgage brokers around Baraga, Michigan 49908 to help you with your search.
Name
Address
Contact
Fitzgerald Associates
200 Michigan St
Hancock MI 49908
(906) 482-6072
K Eda
600 E Lakeshore Dr
Houghton MI 49908
(906) 482-6817
Wells Fargo Home Mortgage
1303 College Ave
Houghton MI 49908
(906) 483-0750
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
600 Shelden Ave
Houghton MI 49908
(906) 487-5847
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
205 W Aurora St
Ironwood MI 49908
(906) 932-2922
http://www.wellsfargo.com/mortgage/
Address
200 Michigan St
Hancock MI
Contact
(906) 482-6072
Address
600 E Lakeshore Dr
Houghton MI
Contact
(906) 482-6817
Address
1303 College Ave
Houghton MI
Contact
(906) 483-0750
http://www.wellsfargo.com/mortgage/