Compare Today’s Mortgage Rates in Elberta, Michigan 49628
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Elberta, Michigan 49628.
Our search engine thoroughly explores all home mortgage options in Elberta, Michigan 49628, 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 $7,096 in lifetime cash or $20 per month in Elberta and other areas of Benzie county.
Summary of Average Mortgages in Elberta, Michigan 49628
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Interactive Mortgage Rate Projections for Elberta, Michigan 49628
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Elberta, MI 49628. 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 Elberta, Michigan 49628 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Elberta, Michigan and around Benzie 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 | 95.96% | 93.45% | 92.69% | 89.64% | 90.42% | 88.03% | 82.66% | 82.84% | 81.11% |
avg mortgage rate | 6.78% | 4.78% | 3.14% | 3.41% | 4.42% | 4.66% | 4.14% | 3.86% | 4.06% |
% 15 year fixed mortgage | 3.54% | 4.86% | 6.27% | 8.31% | 7.82% | 9.31% | 14.33% | 14.69% | 16.48% |
avg mortgage rate | 6.14% | 3.88% | 2.45% | 2.92% | 3.82% | 4.04% | 3.30% | 3.12% | 3.24% |
Avg credit score | 793.56 | 749.33 | 752.55 | 773.24 | 753.85 | 753.75 | 755.03 | 755.61 | 760.97 |
Avg LTV (loan to value) | 81.90% | 81.75% | 83.43% | 81.63% | 82.53% | 79.68% | 80.65% | 81.25% | 79.24% |
Avg DTI (debt to income) | 36.64 | 35.31 | 33.97 | 34.09 | 35.04 | 34.03 | 33.35 | 32.36 | 31.96 |
% First time homebuyer | 45.45% | 36.38% | 29.00% | 26.33% | 29.42% | 22.07% | 24.50% | 21.29% | 21.30% |
Avg mortgage insurance % | 13.99% | 13.40% | 13.43% | 11.55% | 12.91% | 9.82% | 9.60% | 10.40% | 8.79% |
Best Mortgage Brokers around Elberta, Michigan 49628
For those searching for a new home in Elberta, we have compiled a list of the top mortgage brokers located in and around Elberta, Michigan 49628 to assist you with your search.
Midwest Mortgage
333 E State St
Traverse City MI 49628
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49628
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49628
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49628
(231) 946-4021
info@johnadamsmortgage.com
Reverse Mortgage Center
1214 Cerro Dr
Traverse City MI 49628
(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