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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.334882 -83.180065

Summary of Average Mortgage Terms in Dearborn, Michigan 48126

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Dearborn, MI

Source: Fannie Mae and Freddie Mac


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.

Local Mortgage Rates for Dearborn, MI

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

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