Compare Today’s Mortgage Rates for Dearborn, Michigan
Pureloan searches mortgage lenders and major banks in Dearborn, Michigan 48126 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $17,443 or $48 / month is expected in Dearborn and other areas of Wayne county.
Pureloan’s search engine explores all home mortgage options in Dearborn, Michigan 48126, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Dearborn, Michigan 48126
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Dearborn, MI
To forecast and predict mortgage rates in Dearborn, MI 48126, 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 Dearborn, Michigan 48126 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Dearborn, 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 Dearborn, Michigan 48126
If you’re looking to buy a new home in Dearborn, we have compiled a list of the leading mortgage brokers around Dearborn, Michigan 48126 to help you with your search.
Name
Address
Contact
Preferred Mortgage Exchange
24335 Ford Rd
Dearborn MI 48126
(313) 278-5866
http://maximproperties.com
Maxim
24335 Ford Rd
Dearborn MI 48126
(313) 274-5700
sowder75@yahoo.com
Rock Financial
23810 Michigan Ave
Dearborn MI 48126
(313) 359-0170
Ledda, Darlene
22077 Beech St
Dearborn MI 48126
(313) 633-1632
Modern Mortgage
22720 Michigan Ave
Dearborn MI 48126
(313) 357-0132
Address
24335 Ford Rd
Dearborn MI
Contact
(313) 278-5866
http://maximproperties.com
Address
24335 Ford Rd
Dearborn MI
Contact
(313) 274-5700
sowder75@yahoo.com
Address
23810 Michigan Ave
Dearborn MI
Contact
(313) 359-0170