Compare Today’s Mortgage Rates for Bay Port, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Bay Port, Michigan 48720. 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 $12,825 or $36 / month in Bay Port and other areas of Huron county.
Our search engine explores all home mortgage options in Bay Port, Michigan 48720, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Bay Port, Michigan 48720
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Interactive Mortgage Rate Projections for Bay Port, MI
To forecast and predict mortgage rates in Bay Port, MI 48720, 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 Bay Port, Michigan 48720 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Bay Port, Michigan and around Huron 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 Bay Port, Michigan 48720
If you’re looking to buy a new home in Bay Port, we have compiled a list of the leading mortgage brokers around Bay Port, Michigan 48720 to help you with your search.
Name
Address
Contact
Encore Mortgage Services
258 S State St
Caro MI 48720
(989) 672-4333
Greater Michigan Mortgage Co.
1103 E Caro Rd
Caro MI 48720
(989) 673-2225
kbarnhill@mediaone.net
Instant Cash Advance
1150 Cleaver Rd
Caro MI 48720
(989) 672-0333
http://www.ic44.com/
Farm Credit Service
1570 Cleaver Rd
Caro MI 48720
(989) 673-6128
leigh.picchetti@farmcredit.com
Oliver Credit
441 N State St
Caro MI 48720
(989) 673-8197
Address
258 S State St
Caro MI
Contact
(989) 672-4333
Address
1103 E Caro Rd
Caro MI
Contact
(989) 673-2225
kbarnhill@mediaone.net
Address
1150 Cleaver Rd
Caro MI
Contact
(989) 672-0333
http://www.ic44.com/