Compare Today’s Mortgage Rates in Ecorse, Michigan 48229
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Ecorse, Michigan 48229.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $514 over the lifetime of your 30-year fixed loan, or a monthly savings of $1 in Ecorse and other areas of Wayne county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Ecorse, Michigan 48229
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Ecorse, Michigan 48229
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Ecorse, MI 48229. 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 Ecorse, Michigan 48229 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Ecorse, 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 | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
| avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
| % 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
| avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
| Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
| Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
| Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
| % First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
| Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Ecorse, Michigan 48229
For those searching for a new home in Ecorse, we have compiled a list of the top mortgage brokers located in and around Ecorse, Michigan 48229 to assist you with your search.
Name
Address
Contact
Towne Mortgage Company
18430 Mack Ave
Grosse Pointe Farms MI 48229
(313) 886-9400
PNC Mortgage
1 Kercheval Ave
Grosse Pointe Farms MI 48229
(313) 885-5238
pncpaymentportal@pnc.com
John Adams Mortgage Co.
82 Kercheval Ave
Grosse Pointe Farms MI 48229
(313) 884-8374
info@johnadamsmortgage.com
Towne Mortgage Company
21304 Mack Ave
Grosse Pointe Woods MI 48229
(313) 457-0970
dboyd@townemortgage.com
Suburban Mortgage
19251 Mack Ave
Grosse Pointe Woods MI 48229
(313) 886-1226
haasandassociates@gmail.com
Address
18430 Mack Ave
Grosse Pointe Farms MI
Contact
(313) 886-9400
Address
1 Kercheval Ave
Grosse Pointe Farms MI
Contact
(313) 885-5238
pncpaymentportal@pnc.com
Address
82 Kercheval Ave
Grosse Pointe Farms MI
Contact
(313) 884-8374
info@johnadamsmortgage.com