Compare Today’s Mortgage Rates for Livonia, Michigan

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Livonia, Michigan 48154. 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 $28,498 or $79 / month in Livonia and surrounding areas of Wayne 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 Livonia, Michigan 48154.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.395796 -83.377157

Summary of Average Mortgage Terms in Livonia, Michigan 48154

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Livonia, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Livonia, MI 48154, 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.

Local Mortgage Rates for Livonia, MI

Historical Mortgage Rates for Livonia, Michigan 48154 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Livonia, Michigan and around Wayne 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 Livonia, Michigan 48154

If you’re looking to buy a new home in Livonia, we have compiled a list of the leading mortgage brokers around Livonia, Michigan 48154 to help you with your search.

Name
Address
Contact

King Financial

15702 Farmington Rd

Livonia MI 48154

(734) 425-6900

Omega Mortgage of Michigan

33300 5 Mile Rd

Livonia MI 48154

(734) 427-8400

http://www.omegamortgage.com/

Preferred Plus Mortgage

15712 Farmington Rd

Livonia MI 48154

(734) 425-6900

dcarr@ppmhomeloan.com

Total Mortgage

32950 5 Mile Rd

Livonia MI 48154

(734) 421-9030

http://www.totalmortgage.com/

Access One Premium Finance

29221 Jacquelyn Dr

Livonia MI 48154

(734) 513-8343

http://accessonefinance.com/

Address

15702 Farmington Rd

Livonia MI

Contact

(734) 425-6900

Address

33300 5 Mile Rd

Livonia MI

Contact

(734) 427-8400

http://www.omegamortgage.com/

Address

15712 Farmington Rd

Livonia MI

Contact

(734) 425-6900

dcarr@ppmhomeloan.com

News on Mortgages and Reverse Mortgages for Livonia, Michigan 48154