Compare Today’s Mortgage Rates in Calumet, Michigan 49913
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Calumet, Michigan 49913.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Calumet, Michigan 49913. For a 30-year fixed loan, our calculations show that you can expect to save up to $5,676 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Calumet and other areas of Houghton county.
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Summary of Average Mortgages in Calumet, Michigan 49913
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Calumet, Michigan 49913
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Calumet, MI 49913. 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 Calumet, Michigan 49913 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Calumet, Michigan and around Houghton 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 | 93.40% | 92.48% | 91.13% | 90.41% | 89.65% | 86.86% | 86.35% | 83.37% | 82.01% |
| avg mortgage rate | 6.60% | 4.75% | 3.12% | 3.43% | 4.46% | 4.67% | 4.17% | 3.89% | 4.08% |
| % 15 year fixed mortgage | 5.88% | 5.79% | 6.96% | 7.13% | 7.83% | 10.10% | 11.02% | 12.98% | 14.37% |
| avg mortgage rate | 6.08% | 3.76% | 2.42% | 2.96% | 3.76% | 4.01% | 3.34% | 3.06% | 3.24% |
| Avg credit score | 763.63 | 747.23 | 754.02 | 753.85 | 752.04 | 754.54 | 751.54 | 746.78 | 753.52 |
| Avg LTV (loan to value) | 84.76% | 84.89% | 84.93% | 85.02% | 84.16% | 82.72% | 83.09% | 83.49% | 82.35% |
| Avg DTI (debt to income) | 36.51 | 35.25 | 33.30 | 33.28 | 33.73 | 33.36 | 32.98 | 32.61 | 31.94 |
| % First time homebuyer | 45.28% | 40.64% | 36.82% | 34.18% | 35.62% | 26.60% | 25.89% | 25.09% | 24.96% |
| Avg mortgage insurance % | 15.61% | 15.43% | 15.22% | 15.06% | 14.42% | 12.32% | 12.81% | 12.83% | 11.66% |
Best Mortgage Brokers around Calumet, Michigan 49913
For those searching for a new home in Calumet, we have compiled a list of the top mortgage brokers located in and around Calumet, Michigan 49913 to assist you with your search.
Name
Address
Contact
Fitzgerald Associates
200 Michigan St
Hancock MI 49913
(906) 482-6072
K Eda
600 E Lakeshore Dr
Houghton MI 49913
(906) 482-6817
Wells Fargo Home Mortgage
1303 College Ave
Houghton MI 49913
(906) 483-0750
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
600 Shelden Ave
Houghton MI 49913
(906) 487-5847
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
205 W Aurora St
Ironwood MI 49913
(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/