Compare Today’s Mortgage Rates for Hubbard Lake, Michigan
Pureloan searches mortgage lenders and major banks in Hubbard Lake, Michigan 49747 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 $17,443 or $48 / month is expected in Hubbard Lake and other areas of Alpena county.
Pureloan’s search engine explores all home mortgage options in Hubbard Lake, Michigan 49747, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Hubbard Lake, Michigan 49747
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Hubbard Lake, MI
To forecast and predict mortgage rates in Hubbard Lake, MI 49747, 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 Hubbard Lake, Michigan 49747 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Hubbard Lake, Michigan and around Alpena 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 Hubbard Lake, Michigan 49747
If you’re looking to buy a new home in Hubbard Lake, we have compiled a list of the leading mortgage brokers around Hubbard Lake, Michigan 49747 to help you with your search.
Name
Address
Contact
Client First Mortgage Co.
2810 Charlevoix Ave
Petoskey MI 49747
(231) 487-0221
dmyers@freeway.net
Wells Fargo Home Mortgage
1301 S US Highway 131
Petoskey MI 49747
(231) 347-5946
karl.gray@wellsfargo.com
Huron Shores Mortgage Company
129 River St
Alpena MI 49747
(989) 356-5900
Mortgage 1
129 River St
Alpena MI 49747
(989) 356-5900
cbiscorner@mortgageone.com
Fast Guns
1013 Walter St
Alpena MI 49747
(989) 356-9644
Address
2810 Charlevoix Ave
Petoskey MI
Contact
(231) 487-0221
dmyers@freeway.net
Address
1301 S US Highway 131
Petoskey MI
Contact
(231) 347-5946
karl.gray@wellsfargo.com
Address
129 River St
Alpena MI
Contact
(989) 356-5900