Compare Today’s Mortgage Rates for Eastlake, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Eastlake, Michigan 49626. 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 $13,123 or $36 / month in Eastlake and other areas of Manistee county.
Our search engine explores all home mortgage options in Eastlake, Michigan 49626, 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 Eastlake, Michigan 49626
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Expected Savings
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Interactive Mortgage Rate Projections for Eastlake, MI
To forecast and predict mortgage rates in Eastlake, MI 49626, 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 Eastlake, Michigan 49626 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Eastlake, Michigan and around Manistee 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 | 81.91% | 77.75% | 76.36% | 78.51% | 83.42% | 82.95% | 83.89% | 84.30% |
| avg mortgage rate | 4.88% | 4.67% | 3.91% | 4.00% | 4.43% | 4.09% | 3.89% | 4.11% |
| % 15 year fixed mortgage | 13.07% | 17.16% | 17.73% | 17.56% | 13.48% | 13.35% | 12.68% | 12.45% |
| avg mortgage rate | 4.29% | 3.86% | 3.13% | 3.22% | 3.49% | 3.23% | 3.07% | 3.32% |
| Avg credit score | 765.70 | 760.39 | 762.48 | 758.51 | 754.58 | 754.10 | 746.51 | 749.94 |
| Avg LTV (loan to value) | 77.27% | 78.81% | 80.10% | 81.43% | 82.46% | 82.09% | 83.18% | 83.26% |
| Avg DTI (debt to income) | 30.51 | 30.30 | 30.37 | 30.49 | 31.59 | 31.94 | 32.58 | 32.59 |
| % First time homebuyer | 24.15% | 20.78% | 19.90% | 26.25% | 25.23% | 23.80% | 24.77% | 27.08% |
| Avg mortgage insurance % | 4.47% | 6.92% | 7.78% | 9.47% | 12.01% | 11.43% | 12.51% | 12.29% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Eastlake, Michigan 49626
If you’re looking to buy a new home in Eastlake, we have compiled a list of the leading mortgage brokers around Eastlake, Michigan 49626 to help you with your search.
Name
Address
Contact
Midwest Mortgage
333 E State St
Traverse City MI 49626
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49626
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49626
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49626
(231) 946-4021
info@johnadamsmortgage.com
Reverse Mortgage Center
1214 Cerro Dr
Traverse City MI 49626
(231) 218-0307
http://www.revmortgagecenter.com/
Address
333 E State St
Traverse City MI
Contact
(231) 947-0800
Address
109 S Union St
Traverse City MI
Contact
(231) 933-9400
info@bayloans.net
Address
13818 S West Bay Shore Dr
Traverse City MI
Contact
(231) 932-9300
http://www.crestfinancialinc.com