Compare Today’s Mortgage Rates for Elk Rapids, Michigan

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Elk Rapids, Michigan 49629. 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 $21,034 or $58 / month in Elk Rapids and other areas of Antrim county.

Our search engine explores all home mortgage options in Elk Rapids, Michigan 49629, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

44.895473 -85.408226

Summary of Average Mortgage Terms in Elk Rapids, Michigan 49629

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Elk Rapids, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Elk Rapids, MI 49629, 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 Elk Rapids, MI

Historical Mortgage Rates for Elk Rapids, Michigan 49629 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Elk Rapids, Michigan and around Antrim 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 Elk Rapids, Michigan 49629

If you’re looking to buy a new home in Elk Rapids, we have compiled a list of the leading mortgage brokers around Elk Rapids, Michigan 49629 to help you with your search.

Name
Address
Contact

PNC Real Estate

212 River St

Elk Rapids MI 49629

(231) 264-2002

http://www.arcscommercial.com

Midwest Mortgage

333 E State St

Traverse City MI 49629

(231) 947-0800

Bay Mortgage

109 S Union St

Traverse City MI 49629

(231) 933-9400

info@bayloans.net

Crest Financial

13818 S West Bay Shore Dr

Traverse City MI 49629

(231) 932-9300

http://www.crestfinancialinc.com

John Adams Mortgage

521 Randolph St

Traverse City MI 49629

(231) 946-4021

info@johnadamsmortgage.com

Address

212 River St

Elk Rapids MI

Contact

(231) 264-2002

http://www.arcscommercial.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

News on Mortgages and Reverse Mortgages for Elk Rapids, Michigan 49629