Compare Today’s Mortgage Rates in Livonia, Michigan 48154
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Livonia, Michigan 48154.
Our search engine thoroughly explores all home mortgage options in Livonia, Michigan 48154, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $12,859 in lifetime cash or $36 per month in Livonia and other areas of Wayne county.
Summary of Average Mortgages in Livonia, Michigan 48154
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Interactive Mortgage Rate Projections for Livonia, Michigan 48154
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Livonia, MI 48154. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Livonia, Michigan 48154 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Livonia, Michigan and around Wayne county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 94.94% | 92.56% | 91.62% | 90.82% | 89.68% | 86.72% | 86.48% | 85.94% | 85.49% |
avg mortgage rate | 6.56% | 4.76% | 3.08% | 3.44% | 4.47% | 4.71% | 4.27% | 3.99% | 4.20% |
% 15 year fixed mortgage | 4.13% | 6.07% | 7.10% | 7.59% | 8.64% | 11.05% | 11.39% | 11.92% | 12.54% |
avg mortgage rate | 5.78% | 3.82% | 2.43% | 2.95% | 3.81% | 4.03% | 3.50% | 3.24% | 3.35% |
Avg credit score | 746.54 | 753.21 | 752.55 | 753.42 | 750.29 | 749.33 | 750.61 | 750.86 | 750.05 |
Avg LTV (loan to value) | 84.29% | 84.59% | 84.94% | 84.88% | 83.96% | 81.23% | 82.69% | 83.43% | 83.14% |
Avg DTI (debt to income) | 37.77 | 35.98 | 34.29 | 34.89 | 35.22 | 34.91 | 34.22 | 34.04 | 33.38 |
% First time homebuyer | 57.37% | 53.38% | 49.34% | 48.67% | 46.40% | 37.66% | 37.61% | 40.40% | 40.90% |
Avg mortgage insurance % | 15.22% | 15.08% | 14.83% | 14.79% | 13.78% | 10.96% | 12.07% | 13.11% | 12.52% |
Best Mortgage Brokers around Livonia, Michigan 48154
For those searching for a new home in Livonia, we have compiled a list of the top mortgage brokers located in and around Livonia, Michigan 48154 to assist you with your search.
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