Compare Today’s Mortgage Rates in Fraser, Michigan 48026
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Fraser, Michigan 48026.
Our search engine thoroughly explores all home mortgage options in Fraser, Michigan 48026, 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 $680 in lifetime cash or $2 per month in Fraser and other areas of Macomb county.
42.542252
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Summary of Average Mortgages in Fraser, Michigan 48026
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Fraser, Michigan 48026
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Fraser, MI 48026. 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 Fraser, Michigan 48026 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Fraser, Michigan and around Macomb 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 | 96.23% | 94.13% | 93.32% | 92.65% | 92.35% | 89.89% | 89.56% | 89.71% | 89.15% |
avg mortgage rate | 6.58% | 4.80% | 3.09% | 3.49% | 4.50% | 4.73% | 4.29% | 4.02% | 4.23% |
% 15 year fixed mortgage | 3.10% | 4.75% | 5.56% | 6.21% | 6.11% | 8.24% | 8.76% | 8.56% | 9.09% |
avg mortgage rate | 5.67% | 3.98% | 2.48% | 2.92% | 3.84% | 4.03% | 3.49% | 3.18% | 3.37% |
Avg credit score | 746.03 | 746.49 | 749.90 | 747.42 | 745.95 | 753.41 | 746.23 | 750.53 | 749.01 |
Avg LTV (loan to value) | 84.36% | 85.12% | 85.41% | 85.56% | 84.89% | 81.58% | 83.05% | 83.66% | 83.50% |
Avg DTI (debt to income) | 37.81 | 36.60 | 34.62 | 34.88 | 35.27 | 35.36 | 34.60 | 33.85 | 33.08 |
% First time homebuyer | 59.05% | 54.31% | 51.92% | 52.69% | 50.30% | 38.64% | 38.97% | 41.58% | 40.75% |
Avg mortgage insurance % | 15.15% | 15.52% | 15.39% | 15.44% | 14.68% | 11.44% | 12.40% | 13.46% | 13.31% |
Best Mortgage Brokers around Fraser, Michigan 48026
For those searching for a new home in Fraser, we have compiled a list of the top mortgage brokers located in and around Fraser, Michigan 48026 to assist 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