Compare Today’s Mortgage Rates in Dearborn, Michigan 48124
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Dearborn, Michigan 48124.
Our search engine thoroughly explores all home mortgage options in Dearborn, Michigan 48124, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $15,472 in lifetime cash or $43 per month in Dearborn and other areas of Wayne county.
42.294141
-83.253565
20463
Summary of Average Mortgages in Dearborn, Michigan 48124
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Dearborn, Michigan 48124
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Dearborn, Michigan 48124
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Dearborn, MI 48124. 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 Dearborn, Michigan 48124 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Dearborn, 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 Dearborn, Michigan 48124
For those searching for a new home in Dearborn, we have compiled a list of the top mortgage brokers located in and around Dearborn, Michigan 48124 to assist you with your search.
Name
Address
Contact
Preferred Mortgage Exchange
24335 Ford Rd
Dearborn MI 48124
(313) 278-5866
http://maximproperties.com
Maxim
24335 Ford Rd
Dearborn MI 48124
(313) 274-5700
sowder75@yahoo.com
Rock Financial
23810 Michigan Ave
Dearborn MI 48124
(313) 359-0170
Ledda, Darlene
22077 Beech St
Dearborn MI 48124
(313) 633-1632
Modern Mortgage
22720 Michigan Ave
Dearborn MI 48124
(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