Compare Today’s Mortgage Rates for Grayling, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Grayling, Michigan 49738. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $9,243 or $26 / month in Grayling and other areas of Crawford county.
Our search engine explores all home mortgage options in Grayling, Michigan 49738, 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 Grayling, Michigan 49738
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Expected Savings
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Interactive Mortgage Rate Projections for Grayling, MI
To forecast and predict mortgage rates in Grayling, MI 49738, 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 Grayling, Michigan 49738 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Grayling, Michigan and around Crawford 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 Grayling, Michigan 49738
If you’re looking to buy a new home in Grayling, we have compiled a list of the leading mortgage brokers around Grayling, Michigan 49738 to help you with your search.
Name
Address
Contact
Mortgage North
200 Ingham St
Grayling MI 49738
(989) 348-3100
Wells Fargo Home Mortgage
3792 S Straits Hwy
Indian River MI 49738
(989) 731-5039
http://www.wellsfargo.com/mortgage/
Mortgage North
1030 State St
Harbor Springs MI 49738
(231) 526-5500
Client First Mortgage Co.
2810 Charlevoix Ave
Petoskey MI 49738
(231) 487-0221
dmyers@freeway.net
Wells Fargo Home Mortgage
1301 S US Highway 131
Petoskey MI 49738
(231) 347-5946
karl.gray@wellsfargo.com
Address
200 Ingham St
Grayling MI
Contact
(989) 348-3100
Address
3792 S Straits Hwy
Indian River MI
Contact
(989) 731-5039
http://www.wellsfargo.com/mortgage/
Address
1030 State St
Harbor Springs MI
Contact
(231) 526-5500