Compare Today’s Mortgage Rates for Canton, Michigan

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Canton, Michigan 48188. 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 $23,597 or $66 / month in Canton and other areas of Wayne county.

Our search engine explores all home mortgage options in Canton, Michigan 48188, 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

42.290997 -83.465007

Summary of Average Mortgage Terms in Canton, Michigan 48188

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Canton, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Canton, MI 48188, 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 Canton, MI

Historical Mortgage Rates for Canton, Michigan 48188 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Canton, Michigan and around Wayne 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 Canton, Michigan 48188

If you’re looking to buy a new home in Canton, we have compiled a list of the leading mortgage brokers around Canton, Michigan 48188 to help you with your search.

Name
Address
Contact

Premiere Mortgage One

1794 Columbus Dr

Canton MI 48188

(734) 238-0931

stanley@pmoloans.com

Mortgage Concepts

4952 Dewitt Rd

Canton MI 48188

(734) 397-9600

Dynamic Mortgage

3103 River Meadow Cir

Canton MI 48188

(734) 495-9620

http://www.dynamicmortgage.net/

Pulte Homes

49499 Great Falls Rd

Canton MI 48188

(734) 397-7889

http://www.pulte.com/

Axiom Home Loans

46990 Mornington Rd

Canton MI 48188

(734) 667-5351

Address

1794 Columbus Dr

Canton MI

Contact

(734) 238-0931

stanley@pmoloans.com

Address

4952 Dewitt Rd

Canton MI

Contact

(734) 397-9600

Address

3103 River Meadow Cir

Canton MI

Contact

(734) 495-9620

http://www.dynamicmortgage.net/

News on Mortgages and Reverse Mortgages for Canton, Michigan 48188