Compare Today’s Mortgage Rates in Empire, Michigan 49630
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Empire, Michigan 49630.
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 $18,795 over the lifetime of your 30-year fixed loan, or a monthly savings of $52 in Empire and other areas of Leelanau 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 Empire, Michigan 49630
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Empire, Michigan 49630
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Empire, MI 49630. 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 Empire, Michigan 49630 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Empire, Michigan and around Leelanau 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 Empire, Michigan 49630
For those searching for a new home in Empire, we have compiled a list of the top mortgage brokers located in and around Empire, Michigan 49630 to assist you with your search.
Name
Address
Contact
Midwest Mortgage
333 E State St
Traverse City MI 49630
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49630
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49630
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49630
(231) 946-4021
info@johnadamsmortgage.com
Reverse Mortgage Center
1214 Cerro Dr
Traverse City MI 49630
(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