Compare Today’s Mortgage Rates for Erie, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Erie, Michigan 48133. 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 $19,416 or $54 / month in Erie and other areas of Monroe county.
Our search engine explores all home mortgage options in Erie, Michigan 48133, 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 Erie, Michigan 48133
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Erie, MI
To forecast and predict mortgage rates in Erie, MI 48133, 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 Erie, Michigan 48133 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Erie, Michigan and around Monroe 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 | 86.08% | 83.00% | 84.38% | 87.84% | 89.13% | 89.26% | 89.76% | 88.17% |
| avg mortgage rate | 5.07% | 4.79% | 3.97% | 4.11% | 4.54% | 4.23% | 4.02% | 4.23% |
| % 15 year fixed mortgage | 12.03% | 13.88% | 12.88% | 10.70% | 9.53% | 9.05% | 8.54% | 10.47% |
| avg mortgage rate | 4.43% | 4.06% | 3.29% | 3.31% | 3.58% | 3.37% | 3.18% | 3.40% |
| Avg credit score | 761.24 | 764.56 | 762.02 | 757.46 | 752.75 | 749.21 | 747.88 | 746.47 |
| Avg LTV (loan to value) | 76.88% | 78.57% | 81.21% | 82.38% | 83.35% | 83.55% | 83.55% | 82.93% |
| Avg DTI (debt to income) | 32.42 | 31.68 | 31.69 | 32.19 | 33.12 | 33.15 | 33.88 | 34.39 |
| % First time homebuyer | 33.89% | 30.18% | 28.28% | 35.82% | 41.22% | 40.53% | 41.02% | 39.25% |
| Avg mortgage insurance % | 4.08% | 5.63% | 9.53% | 10.97% | 13.12% | 13.43% | 13.38% | 12.57% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Erie, Michigan 48133
If you’re looking to buy a new home in Erie, we have compiled a list of the leading mortgage brokers around Erie, Michigan 48133 to help you with your search.
Name
Address
Contact
Check 'n Go
2083 Middlebelt Rd
Garden City MI 48133
(734) 762-7560
comments@checkngo.com
Beaudrie Mortgage Service
29207 Ford Rd
Garden City MI 48133
(734) 425-9941
jim@beaudrieagency.com
Premier Mortgage
30000 Ford Rd
Garden City MI 48133
(734) 261-9950
Rich Financial Group
30000 Ford Rd
Garden City MI 48133
(734) 261-1520
http://www.richfinancialgroupllc.com/
Check 'n Go
26926 Telegraph Rd
Flat Rock MI 48133
(734) 782-2300
comments@checkngo.com
Address
2083 Middlebelt Rd
Garden City MI
Contact
(734) 762-7560
comments@checkngo.com
Address
29207 Ford Rd
Garden City MI
Contact
(734) 425-9941
jim@beaudrieagency.com
Address
30000 Ford Rd
Garden City MI
Contact
(734) 261-9950