Compare Today’s Mortgage Rates for Chatham, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Chatham, Michigan 49816. 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 $14,465 or $40 / month in Chatham and surrounding areas of Alger 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 Chatham, Michigan 49816.
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Summary of Average Mortgage Terms in Chatham, Michigan 49816
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Chatham, MI
To forecast and predict mortgage rates in Chatham, MI 49816, 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 Chatham, Michigan 49816 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Chatham, Michigan and around Alger 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 Chatham, Michigan 49816
If you’re looking to buy a new home in Chatham, we have compiled a list of the leading mortgage brokers around Chatham, Michigan 49816 to help you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
1205 Ludington St
Escanaba MI 49816
(906) 789-5226
http://www.wellsfargo.com/mortgage/
Goodmoney Payday Loans
2201 6th Ave N
Escanaba MI 49816
(906) 786-7213
http://www.deltacountycu.com/
Network Funding
1719 Ludington St
Escanaba MI 49816
(906) 233-4663
Executive Mortgage
1719 Ludington St
Escanaba MI 49816
(906) 225-8640
Wells Fargo Home Mortgage
101 W Washington St
Marquette MI 49816
(906) 228-1234
reportphish@wellsfargo.com
Address
1205 Ludington St
Escanaba MI
Contact
(906) 789-5226
http://www.wellsfargo.com/mortgage/
Address
2201 6th Ave N
Escanaba MI
Contact
(906) 786-7213
http://www.deltacountycu.com/
Address
1719 Ludington St
Escanaba MI
Contact
(906) 233-4663