Compare Today’s Mortgage Rates for Drayton Plains, Michigan

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Drayton Plains, Michigan 48330. 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 $16,063 or $45 / month in Drayton Plains and surrounding areas of Oakland 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 Drayton Plains, Michigan 48330.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.687663 -83.387869

Summary of Average Mortgage Terms in Drayton Plains, Michigan 48330

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Drayton Plains, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Drayton Plains, MI 48330, 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 Drayton Plains, MI

Historical Mortgage Rates for Drayton Plains, Michigan 48330 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Drayton Plains, Michigan and around Oakland 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 Drayton Plains, Michigan 48330

If you’re looking to buy a new home in Drayton Plains, we have compiled a list of the leading mortgage brokers around Drayton Plains, Michigan 48330 to help you with your search.

Name
Address
Contact

Benchmark Mortgage

27908 Orchard Lake Rd

Farmington Hills MI 48330

(734) 256-5341

Home Loan Center

33966 W 8 Mile Rd

Farmington MI 48330

(248) 426-9177

Fedtrust Mortgage

32000 Northwestern Hwy

Farmington Hills MI 48330

(888) 533-3878

customerservice@fedtrustmortgage.com

Quicken Loans

27555 Farmington Rd

Farmington Hills MI 48330

(248) 994-8726

help@quickenloans.com

T & T Ortho

28470 W 13 Mile Rd

Farmington Hills MI 48330

(248) 446-9950

Address

27908 Orchard Lake Rd

Farmington Hills MI

Contact

(734) 256-5341

Address

33966 W 8 Mile Rd

Farmington MI

Contact

(248) 426-9177

Address

32000 Northwestern Hwy

Farmington Hills MI

Contact

(888) 533-3878

customerservice@fedtrustmortgage.com

News on Mortgages and Reverse Mortgages for Drayton Plains, Michigan 48330