Compare Today’s Mortgage Rates for Highland, Michigan
Pureloan searches mortgage lenders and major banks in Highland, Michigan 48356 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 $23,597 or $66 / month is expected in Highland and other areas of Oakland county.
Pureloan’s search engine explores all home mortgage options in Highland, Michigan 48356, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Highland, Michigan 48356


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Interactive Mortgage Rate Projections for Highland, MI
To forecast and predict mortgage rates in Highland, MI 48356, 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 Highland, Michigan 48356 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Highland, 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 Highland, Michigan 48356
If you’re looking to buy a new home in Highland, we have compiled a list of the leading mortgage brokers around Highland, Michigan 48356 to help you with your search.
Amerifirst Home Mortgage
1550 S Milford Rd
Highland MI 48356
(248) 714-9728
Advantage Home Loans
206 W Highland Rd
Highland MI 48356
(248) 887-2914
http://www.advantagehomeloans.com/
Multiresource
160 Lake Dr
Highland MI 48356
(248) 529-3024
http://multireversemortgage.com
Premier Mortgage Funding
2633 S Lapeer Rd
Orion MI 48356
(248) 393-1600
Kennedy Mortgage
2633 S Lapeer Rd
Orion MI 48356
(248) 393-1600
http://www.farmbureauinsurance-mi.com/
Address
1550 S Milford Rd
Highland MI
Contact
(248) 714-9728
Address
206 W Highland Rd
Highland MI
Contact
(248) 887-2914
http://www.advantagehomeloans.com/
Address
160 Lake Dr
Highland MI
Contact
(248) 529-3024
http://multireversemortgage.com