Compare Today’s Mortgage Rates for Houghton Lake, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Houghton Lake, Michigan 48629. 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 $11,746 or $33 / month in Houghton Lake and other areas of Roscommon county.
Our search engine explores all home mortgage options in Houghton Lake, Michigan 48629, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Houghton Lake, Michigan 48629
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Interactive Mortgage Rate Projections for Houghton Lake, MI
To forecast and predict mortgage rates in Houghton Lake, MI 48629, 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 Houghton Lake, Michigan 48629 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Houghton Lake, Michigan and around Roscommon 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 Houghton Lake, Michigan 48629
If you’re looking to buy a new home in Houghton Lake, we have compiled a list of the leading mortgage brokers around Houghton Lake, Michigan 48629 to help you with your search.
Flagstar Bank Loan Center
2645 W Houghton Lake Dr
Houghton Lake MI 48629
(989) 366-8530
http://www.flagstar.com
Wells Fargo Home Mortgage
3225 W Houghton Lake Dr
Houghton Lake MI 48629
(989) 366-0264
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
11008 W Shore Dr
Houghton Lake MI 48629
(989) 422-4893
robert.maund@abbotdowning.com
Check 'n Go
2131 W Houghton Lake Dr
Houghton Lake MI 48629
(989) 366-7594
comments@checkngo.com
Check 'n Go
1734 Lawndale Rd
Saginaw MI 48629
(989) 497-1000
comments@checkngo.com
Address
2645 W Houghton Lake Dr
Houghton Lake MI
Contact
(989) 366-8530
http://www.flagstar.com
Address
3225 W Houghton Lake Dr
Houghton Lake MI
Contact
(989) 366-0264
http://www.wellsfargo.com/mortgage/
Address
11008 W Shore Dr
Houghton Lake MI
Contact
(989) 422-4893
robert.maund@abbotdowning.com