Compare Today’s Mortgage Rates in Frankenmuth, Michigan 48734
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Frankenmuth, Michigan 48734.
Our search engine thoroughly explores all home mortgage options in Frankenmuth, Michigan 48734, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $5,465 in lifetime cash or $15 per month in Frankenmuth and other areas of Saginaw county.
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Summary of Average Mortgages in Frankenmuth, Michigan 48734
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Frankenmuth, Michigan 48734
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Frankenmuth, MI 48734. 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 Frankenmuth, Michigan 48734 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Frankenmuth, Michigan and around Saginaw 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 | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
| avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
| % 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
| avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
| Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
| Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
| Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
| % First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
| Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Frankenmuth, Michigan 48734
For those searching for a new home in Frankenmuth, we have compiled a list of the top mortgage brokers located in and around Frankenmuth, Michigan 48734 to assist you with your search.
Name
Address
Contact
Neighborhood Mortgage Solutions
580 N Main St
Frankenmuth MI 48734
(989) 652-2230
Neighborhood Mortgage Solutions
544 N Main St
Frankenmuth MI 48734
(989) 652-8680
Check 'n Go
2960 Center Ave
Essexville MI 48734
(989) 893-1932
comments@checkngo.com
Instant Cash Advance
200 W Bay St
East Tawas MI 48734
(989) 362-0000
http://www.instantcashadvancecorp.com/
Executive Mortgage Of Michigan
100 W Midland St
Bay City MI 48734
(989) 671-3500
adoner@newexecmtg.com
Address
580 N Main St
Frankenmuth MI
Contact
(989) 652-2230
Address
544 N Main St
Frankenmuth MI
Contact
(989) 652-8680
Address
2960 Center Ave
Essexville MI
Contact
(989) 893-1932
comments@checkngo.com