Compare Today’s Mortgage Rates for Ferndale, Michigan

Pureloan searches mortgage lenders and major banks in Ferndale, Michigan 48220 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $11,077 or $31 / month is expected in Ferndale and other areas of Oakland county.

Pureloan’s search engine explores all home mortgage options in Ferndale, Michigan 48220, 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

42.458564 -83.13626

Summary of Average Mortgage Terms in Ferndale, Michigan 48220

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Ferndale, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Ferndale, MI 48220, 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 Ferndale, MI

Historical Mortgage Rates for Ferndale, Michigan 48220 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Ferndale, Michigan and around Oakland 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 Ferndale, Michigan 48220

If you’re looking to buy a new home in Ferndale, we have compiled a list of the leading mortgage brokers around Ferndale, Michigan 48220 to help you with your search.

Name
Address
Contact

Executive Mortgage

830 Orchard St

Ferndale MI 48220

(248) 298-0392

Sure Financial

1840 Hilton Rd

Ferndale MI 48220

(248) 591-9920

williamvargo@pathwaynet.com

First Security Mortgage Relief

2115 Hilton Rd

Ferndale MI 48220

(248) 556-7555

Non Profit Finance Fund

645 Griswold St

Detroit MI 48220

(313) 965-9145

Quicken Loans

1 Campus Martius

Detroit MI 48220

(313) 373-3000

http://www.quickenloans.com

Address

830 Orchard St

Ferndale MI

Contact

(248) 298-0392

Address

1840 Hilton Rd

Ferndale MI

Contact

(248) 591-9920

williamvargo@pathwaynet.com

Address

2115 Hilton Rd

Ferndale MI

Contact

(248) 556-7555

News on Mortgages and Reverse Mortgages for Ferndale, Michigan 48220