Compare Today’s Mortgage Rates for Birmingham, Michigan

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Birmingham, Michigan 48012. 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 $53,420 or $148 / month in Birmingham and other areas of Oakland county.

Our search engine explores all home mortgage options in Birmingham, Michigan 48012, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.546667 -83.211389

Summary of Average Mortgage Terms in Birmingham, Michigan 48012

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Birmingham, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Birmingham, MI 48012, 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 Birmingham, MI

Historical Mortgage Rates for Birmingham, Michigan 48012 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Birmingham, 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 Birmingham, Michigan 48012

If you’re looking to buy a new home in Birmingham, we have compiled a list of the leading mortgage brokers around Birmingham, Michigan 48012 to help you with your search.

Name
Address
Contact

New Century Mortgage

300 Park St

Birmingham MI 48012

(248) 258-0207

First Advantage Mortgage

912 S Old Woodward Ave

Birmingham MI 48012

(248) 723-8808

Mortgageratesmichigan

300 Park St

Birmingham MI 48012

(248) 430-8339

First International Mortgage

999 Haynes St

Birmingham MI 48012

(248) 540-1065

Eagle Nationwide Mortgage

300 E Maple Rd

Birmingham MI 48012

(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

News on Mortgages and Reverse Mortgages for Birmingham, Michigan 48012