Compare Today’s Mortgage Rates for Honor, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Honor, Michigan 49640. 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 $16,989 or $47 / month in Honor and surrounding areas of Benzie 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 Honor, Michigan 49640.
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Summary of Average Mortgage Terms in Honor, Michigan 49640
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APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Honor, MI
To forecast and predict mortgage rates in Honor, MI 49640, 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 Honor, Michigan 49640 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Honor, Michigan and around Benzie 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 Honor, Michigan 49640
If you’re looking to buy a new home in Honor, we have compiled a list of the leading mortgage brokers around Honor, Michigan 49640 to help you with your search.
Name
Address
Contact
J D Finance
301 S Cedar St
Kalkaska MI 49640
(231) 258-6868
Midwest Mortgage
333 E State St
Traverse City MI 49640
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49640
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49640
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49640
(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