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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

41.815368 -83.436165

Summary of Average Mortgage Terms in Erie, Michigan 48133

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Erie, MI

Source: Fannie Mae and Freddie Mac


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.

Local Mortgage Rates for Erie, MI

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

News on Mortgages and Reverse Mortgages for Erie, Michigan 48133