Compare Today’s Mortgage Rates for Flat Rock, Michigan
Pureloan searches mortgage lenders and major banks in Flat Rock, Michigan 48134 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 $21,113 or $59 / month is expected in Flat Rock and other areas of Wayne county.
Pureloan’s search engine explores all home mortgage options in Flat Rock, Michigan 48134, 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 Flat Rock, Michigan 48134
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Flat Rock, MI
To forecast and predict mortgage rates in Flat Rock, MI 48134, 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 Flat Rock, Michigan 48134 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Flat Rock, Michigan and around Wayne 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 Flat Rock, Michigan 48134
If you’re looking to buy a new home in Flat Rock, we have compiled a list of the leading mortgage brokers around Flat Rock, Michigan 48134 to help you with your search.
Name
Address
Contact
Songbird Property Management Company
25821 Telegraph Rd
Flat Rock MI 48134
(734) 286-5096
Check 'n Go
26926 Telegraph Rd
Flat Rock MI 48134
(734) 782-2300
comments@checkngo.com
Check 'n Go
2083 Middlebelt Rd
Garden City MI 48134
(734) 762-7560
comments@checkngo.com
Beaudrie Mortgage Service
29207 Ford Rd
Garden City MI 48134
(734) 425-9941
jim@beaudrieagency.com
Premier Mortgage
30000 Ford Rd
Garden City MI 48134
(734) 261-9950
Address
25821 Telegraph Rd
Flat Rock MI
Contact
(734) 286-5096
Address
26926 Telegraph Rd
Flat Rock MI
Contact
(734) 782-2300
comments@checkngo.com
Address
2083 Middlebelt Rd
Garden City MI
Contact
(734) 762-7560
comments@checkngo.com