Compare Today’s Mortgage Rates in Birmingham, Michigan 48009
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Birmingham, Michigan 48009.
Our search engine thoroughly explores all home mortgage options in Birmingham, Michigan 48009, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $26,023 in lifetime cash or $72 per month in Birmingham and other areas of Oakland county.
42.544396
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Summary of Average Mortgages in Birmingham, Michigan 48009
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Birmingham, Michigan 48009
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Birmingham, MI 48009. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Birmingham, Michigan 48009 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Birmingham, Michigan and around Oakland county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 96.23% | 94.13% | 93.32% | 92.65% | 92.35% | 89.89% | 89.56% | 89.71% | 89.15% |
avg mortgage rate | 6.58% | 4.80% | 3.09% | 3.49% | 4.50% | 4.73% | 4.29% | 4.02% | 4.23% |
% 15 year fixed mortgage | 3.10% | 4.75% | 5.56% | 6.21% | 6.11% | 8.24% | 8.76% | 8.56% | 9.09% |
avg mortgage rate | 5.67% | 3.98% | 2.48% | 2.92% | 3.84% | 4.03% | 3.49% | 3.18% | 3.37% |
Avg credit score | 746.03 | 746.49 | 749.90 | 747.42 | 745.95 | 753.41 | 746.23 | 750.53 | 749.01 |
Avg LTV (loan to value) | 84.36% | 85.12% | 85.41% | 85.56% | 84.89% | 81.58% | 83.05% | 83.66% | 83.50% |
Avg DTI (debt to income) | 37.81 | 36.60 | 34.62 | 34.88 | 35.27 | 35.36 | 34.60 | 33.85 | 33.08 |
% First time homebuyer | 59.05% | 54.31% | 51.92% | 52.69% | 50.30% | 38.64% | 38.97% | 41.58% | 40.75% |
Avg mortgage insurance % | 15.15% | 15.52% | 15.39% | 15.44% | 14.68% | 11.44% | 12.40% | 13.46% | 13.31% |
Best Mortgage Brokers around Birmingham, Michigan 48009
For those searching for a new home in Birmingham, we have compiled a list of the top mortgage brokers located in and around Birmingham, Michigan 48009 to assist you with your search.
Name
Address
Contact
New Century Mortgage
300 Park St
Birmingham MI 48009
(248) 258-0207
First Advantage Mortgage
912 S Old Woodward Ave
Birmingham MI 48009
(248) 723-8808
Mortgageratesmichigan
300 Park St
Birmingham MI 48009
(248) 430-8339
First International Mortgage
999 Haynes St
Birmingham MI 48009
(248) 540-1065
Eagle Nationwide Mortgage
300 E Maple Rd
Birmingham MI 48009
(248) 647-2800
Address
300 Park St
Birmingham MI
Contact
(248) 258-0207
Address
912 S Old Woodward Ave
Birmingham MI
Contact
(248) 723-8808
Address
300 Park St
Birmingham MI
Contact
(248) 430-8339