Compare Today’s Mortgage Rates for Bruce Crossing, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Bruce Crossing, Michigan 49912. 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 $9,511 or $26 / month in Bruce Crossing and other areas of Ontonagon county.
Our search engine explores all home mortgage options in Bruce Crossing, Michigan 49912, 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 Bruce Crossing, Michigan 49912
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Interactive Mortgage Rate Projections for Bruce Crossing, MI
To forecast and predict mortgage rates in Bruce Crossing, MI 49912, 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 Bruce Crossing, Michigan 49912 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Bruce Crossing, Michigan and around Ontonagon 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 Bruce Crossing, Michigan 49912
If you’re looking to buy a new home in Bruce Crossing, we have compiled a list of the leading mortgage brokers around Bruce Crossing, Michigan 49912 to help you with your search.
Name
Address
Contact
Fitzgerald Associates
200 Michigan St
Hancock MI 49912
(906) 482-6072
K Eda
600 E Lakeshore Dr
Houghton MI 49912
(906) 482-6817
Wells Fargo Home Mortgage
1303 College Ave
Houghton MI 49912
(906) 483-0750
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
600 Shelden Ave
Houghton MI 49912
(906) 487-5847
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
205 W Aurora St
Ironwood MI 49912
(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/