Compare Today’s Mortgage Rates for Hazel Park, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Hazel Park, Michigan 48030. 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 Hazel Park and surrounding areas of Oakland 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 Hazel Park, Michigan 48030.
Summary of Average Mortgage Terms in Hazel Park, Michigan 48030
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Interactive Mortgage Rate Projections for Hazel Park, MI
To forecast and predict mortgage rates in Hazel Park, MI 48030, 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 Hazel Park, Michigan 48030 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Hazel Park, Michigan and around Oakland 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 Hazel Park, Michigan 48030
If you’re looking to buy a new home in Hazel Park, we have compiled a list of the leading mortgage brokers around Hazel Park, Michigan 48030 to help you with your search.
E Z Auto Financing
45 E 8 Mile Rd
Hazel Park MI 48030
(248) 565-8540
http://www.e-zautofinance.com/default.aspx
Check 'n Go
22842 John R Rd
Hazel Park MI 48030
(248) 541-3050
comments@checkngo.com
Quicken Loans
400 Galleria Officentre
Southfield MI 48030
(800) 251-9080
help@quickenloans.com
OneMain Financial
24725 W 12 Mile Rd
Southfield MI 48030
(248) 304-4479
http://branches.onemainfinancial.com/mi/southfield/24725-w-twelve-mile-rd.html
Gold Star Mortgage Financial Group
29566 Northwestern Hwy
Southfield MI 48030
(248) 266-2260
http://mortgagesouthfield.com
Address
45 E 8 Mile Rd
Hazel Park MI
Contact
(248) 565-8540
http://www.e-zautofinance.com/default.aspx
Address
22842 John R Rd
Hazel Park MI
Contact
(248) 541-3050
comments@checkngo.com
Address
400 Galleria Officentre
Southfield MI
Contact
(800) 251-9080
help@quickenloans.com