Compare Today’s Mortgage Rates for Bloomfield Hills, Michigan

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Bloomfield Hills, Michigan 48303. 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 $9,843 or $27 / month in Bloomfield 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 Bloomfield Hills, Michigan 48303.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.5875 -83.234722

Summary of Average Mortgage Terms in Bloomfield Hills, Michigan 48303

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Bloomfield Hills, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Bloomfield Hills, MI 48303, 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 Bloomfield Hills, MI

Historical Mortgage Rates for Bloomfield Hills, Michigan 48303 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Bloomfield 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 Bloomfield Hills, Michigan 48303

If you’re looking to buy a new home in Bloomfield Hills, we have compiled a list of the leading mortgage brokers around Bloomfield Hills, Michigan 48303 to help you with your search.

Name
Address
Contact

Arbor Commercial Mortgage

3707 W Maple Rd

Bloomfield Hills MI 48303

(248) 646-0458

http://www.arbormortgage.com/

Vision Mortgage North

6441 Inkster Rd

Bloomfield Hills MI 48303

(248) 865-8000

Network Mortgage Corporation

3500 W Maple Rd

Bloomfield Hills MI 48303

(248) 433-0375

http://www.networkmortgage.com

Wells Fargo Home Mortgage

3500 W Maple Rd

Bloomfield Hills MI 48303

(248) 540-7202

http://www.wellsfargo.com/mortgage/

Kaye Financial

6441 Inkster Rd

Bloomfield Hills MI 48303

(248) 538-1500

sspencer@financingyourdream.com

Address

3707 W Maple Rd

Bloomfield Hills MI

Contact

(248) 646-0458

http://www.arbormortgage.com/

Address

6441 Inkster Rd

Bloomfield Hills MI

Contact

(248) 865-8000

Address

3500 W Maple Rd

Bloomfield Hills MI

Contact

(248) 433-0375

http://www.networkmortgage.com

News on Mortgages and Reverse Mortgages for Bloomfield Hills, Michigan 48303