Compare Today’s Mortgage Rates in Herron, Michigan 49744
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Herron, Michigan 49744.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $5,913 over the lifetime of your 30-year fixed loan, or a monthly savings of $16 in Herron and other areas of Alpena county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Herron, Michigan 49744
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Herron, Michigan 49744
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Herron, MI 49744. 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 Herron, Michigan 49744 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Herron, Michigan and around Alpena 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 | 87.65% | 89.54% | 87.06% | 88.47% | 83.89% | 80.80% | 81.97% | 82.59% | 81.54% |
| avg mortgage rate | 6.75% | 4.80% | 3.10% | 3.29% | 4.44% | 4.65% | 4.14% | 3.83% | 4.08% |
| % 15 year fixed mortgage | 9.88% | 7.37% | 10.14% | 8.37% | 13.64% | 14.31% | 13.48% | 13.29% | 14.73% |
| avg mortgage rate | 6.11% | 3.95% | 2.46% | 2.76% | 3.88% | 4.00% | 3.30% | 3.11% | 3.26% |
| Avg credit score | 745.38 | 747.44 | 751.71 | 755.66 | 750.01 | 770.44 | 772.98 | 751.60 | 755.83 |
| Avg LTV (loan to value) | 81.08% | 82.41% | 81.50% | 82.46% | 81.68% | 80.52% | 80.54% | 81.45% | 81.40% |
| Avg DTI (debt to income) | 34.93 | 34.43 | 33.38 | 32.98 | 33.25 | 32.09 | 31.95 | 31.78 | 31.87 |
| % First time homebuyer | 35.80% | 29.89% | 19.05% | 20.91% | 25.11% | 19.38% | 17.67% | 18.31% | 20.12% |
| Avg mortgage insurance % | 12.35% | 13.75% | 11.63% | 12.98% | 11.37% | 9.50% | 8.44% | 9.52% | 9.10% |
Best Mortgage Brokers around Herron, Michigan 49744
For those searching for a new home in Herron, we have compiled a list of the top mortgage brokers located in and around Herron, Michigan 49744 to assist you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
3792 S Straits Hwy
Indian River MI 49744
(989) 731-5039
http://www.wellsfargo.com/mortgage/
Mortgage North
1030 State St
Harbor Springs MI 49744
(231) 526-5500
Client First Mortgage Co.
2810 Charlevoix Ave
Petoskey MI 49744
(231) 487-0221
dmyers@freeway.net
Wells Fargo Home Mortgage
1301 S US Highway 131
Petoskey MI 49744
(231) 347-5946
karl.gray@wellsfargo.com
Huron Shores Mortgage Company
129 River St
Alpena MI 49744
(989) 356-5900
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
Address
2810 Charlevoix Ave
Petoskey MI
Contact
(231) 487-0221
dmyers@freeway.net