Compare Today’s Mortgage Rates for Glen Arbor, Michigan
Pureloan searches mortgage lenders and major banks in Glen Arbor, Michigan 49636 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 $33,757 or $94 / month is expected in Glen Arbor and other areas of Leelanau county.
Pureloan’s search engine explores all home mortgage options in Glen Arbor, Michigan 49636, 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 Glen Arbor, Michigan 49636
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Expected Savings
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Interactive Mortgage Rate Projections for Glen Arbor, MI
To forecast and predict mortgage rates in Glen Arbor, MI 49636, 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 Glen Arbor, Michigan 49636 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Glen Arbor, Michigan and around Leelanau 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 | 81.91% | 77.75% | 76.36% | 78.51% | 83.42% | 82.95% | 83.89% | 84.30% |
| avg mortgage rate | 4.88% | 4.67% | 3.91% | 4.00% | 4.43% | 4.09% | 3.89% | 4.11% |
| % 15 year fixed mortgage | 13.07% | 17.16% | 17.73% | 17.56% | 13.48% | 13.35% | 12.68% | 12.45% |
| avg mortgage rate | 4.29% | 3.86% | 3.13% | 3.22% | 3.49% | 3.23% | 3.07% | 3.32% |
| Avg credit score | 765.70 | 760.39 | 762.48 | 758.51 | 754.58 | 754.10 | 746.51 | 749.94 |
| Avg LTV (loan to value) | 77.27% | 78.81% | 80.10% | 81.43% | 82.46% | 82.09% | 83.18% | 83.26% |
| Avg DTI (debt to income) | 30.51 | 30.30 | 30.37 | 30.49 | 31.59 | 31.94 | 32.58 | 32.59 |
| % First time homebuyer | 24.15% | 20.78% | 19.90% | 26.25% | 25.23% | 23.80% | 24.77% | 27.08% |
| Avg mortgage insurance % | 4.47% | 6.92% | 7.78% | 9.47% | 12.01% | 11.43% | 12.51% | 12.29% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Glen Arbor, Michigan 49636
If you’re looking to buy a new home in Glen Arbor, we have compiled a list of the leading mortgage brokers around Glen Arbor, Michigan 49636 to help you with your search.
Name
Address
Contact
J D Finance
301 S Cedar St
Kalkaska MI 49636
(231) 258-6868
Midwest Mortgage
333 E State St
Traverse City MI 49636
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49636
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49636
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49636
(231) 946-4021
info@johnadamsmortgage.com
Address
301 S Cedar St
Kalkaska MI
Contact
(231) 258-6868
Address
333 E State St
Traverse City MI
Contact
(231) 947-0800
Address
109 S Union St
Traverse City MI
Contact
(231) 933-9400
info@bayloans.net