Compare Today’s Mortgage Rates for Clare, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Clare, Michigan 48617. 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 $12,921 or $36 / month in Clare and other areas of Clare county.
Our search engine explores all home mortgage options in Clare, Michigan 48617, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Clare, Michigan 48617
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Interactive Mortgage Rate Projections for Clare, MI
To forecast and predict mortgage rates in Clare, MI 48617, 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 Clare, Michigan 48617 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Clare, Michigan and around Clare 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 Clare, Michigan 48617
If you’re looking to buy a new home in Clare, we have compiled a list of the leading mortgage brokers around Clare, Michigan 48617 to help you with your search.
Gateway Title Company
218 E 5th St
Clare MI 48617
(989) 386-8020
dedicated@gatewaytitleco.com
Members First Credit Union
1291 W Cedar Ave
Gladwin MI 48617
(855) 835-6328
http://www.cmcfcu.com
Check 'n Go
2131 W Houghton Lake Dr
Houghton Lake MI 48617
(989) 366-7594
comments@checkngo.com
Wells Fargo Home Mortgage
11008 W Shore Dr
Houghton Lake MI 48617
(989) 422-4893
robert.maund@abbotdowning.com
Wells Fargo Home Mortgage
3225 W Houghton Lake Dr
Houghton Lake MI 48617
(989) 366-0264
http://www.wellsfargo.com/mortgage/
Address
218 E 5th St
Clare MI
Contact
(989) 386-8020
dedicated@gatewaytitleco.com
Address
1291 W Cedar Ave
Gladwin MI
Contact
(855) 835-6328
http://www.cmcfcu.com
Address
2131 W Houghton Lake Dr
Houghton Lake MI
Contact
(989) 366-7594
comments@checkngo.com