Compare Today’s Mortgage Rates for Fraser, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Fraser, Michigan 48026. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $10,947 or $30 / month in Fraser and surrounding areas of Macomb county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Fraser, Michigan 48026.
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Summary of Average Mortgage Terms in Fraser, Michigan 48026
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Fraser, MI
To forecast and predict mortgage rates in Fraser, MI 48026, 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 Fraser, Michigan 48026 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Fraser, Michigan and around Macomb 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 Fraser, Michigan 48026
If you’re looking to buy a new home in Fraser, we have compiled a list of the leading mortgage brokers around Fraser, Michigan 48026 to help you with your search.
Name
Address
Contact
Furr Elery
18530 Masonic
Fraser MI 48026
(586) 296-7232
Homebridge Financial Services
31485 Groesbeck Hwy
Fraser MI 48026
(586) 585-1025
First Security Mortgage
16853 E 14 Mile Rd
Fraser MI 48026
(586) 296-5626
John Adams Mortgage
34620 Utica Rd
Fraser MI 48026
(586) 285-3414
info@johnadamsmortgage.com
Quicken Loans
400 Galleria Officentre
Southfield MI 48026
(800) 251-9080
help@quickenloans.com
Address
18530 Masonic
Fraser MI
Contact
(586) 296-7232
Address
31485 Groesbeck Hwy
Fraser MI
Contact
(586) 585-1025
Address
16853 E 14 Mile Rd
Fraser MI
Contact
(586) 296-5626