Compare Today’s Mortgage Rates in Canton, Michigan 48188
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Canton, Michigan 48188.
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 Canton, Michigan 48188. For a 30-year fixed loan, our calculations show that you can expect to save up to $15,472 over the lifetime of your mortgage, which translates to a monthly savings of $43 in Canton and other areas of Wayne county.
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Summary of Average Mortgages in Canton, Michigan 48188
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Canton, Michigan 48188
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Canton, MI 48188. 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 Canton, Michigan 48188 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Canton, Michigan and around Wayne 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 | 94.94% | 92.56% | 91.62% | 90.82% | 89.68% | 86.72% | 86.48% | 85.94% | 85.49% |
| avg mortgage rate | 6.56% | 4.76% | 3.08% | 3.44% | 4.47% | 4.71% | 4.27% | 3.99% | 4.20% |
| % 15 year fixed mortgage | 4.13% | 6.07% | 7.10% | 7.59% | 8.64% | 11.05% | 11.39% | 11.92% | 12.54% |
| avg mortgage rate | 5.78% | 3.82% | 2.43% | 2.95% | 3.81% | 4.03% | 3.50% | 3.24% | 3.35% |
| Avg credit score | 746.54 | 753.21 | 752.55 | 753.42 | 750.29 | 749.33 | 750.61 | 750.86 | 750.05 |
| Avg LTV (loan to value) | 84.29% | 84.59% | 84.94% | 84.88% | 83.96% | 81.23% | 82.69% | 83.43% | 83.14% |
| Avg DTI (debt to income) | 37.77 | 35.98 | 34.29 | 34.89 | 35.22 | 34.91 | 34.22 | 34.04 | 33.38 |
| % First time homebuyer | 57.37% | 53.38% | 49.34% | 48.67% | 46.40% | 37.66% | 37.61% | 40.40% | 40.90% |
| Avg mortgage insurance % | 15.22% | 15.08% | 14.83% | 14.79% | 13.78% | 10.96% | 12.07% | 13.11% | 12.52% |
Best Mortgage Brokers around Canton, Michigan 48188
For those searching for a new home in Canton, we have compiled a list of the top mortgage brokers located in and around Canton, Michigan 48188 to assist 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/