Compare Today’s Mortgage Rates in Madison Heights, Michigan 48071
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Madison Heights, Michigan 48071.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Madison Heights, Michigan 48071. For a 30-year fixed loan, our calculations show that you can expect to save up to $9,438 over the lifetime of your mortgage, which translates to a monthly savings of $26 in Madison Heights and other areas of Oakland county.
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Summary of Average Mortgages in Madison Heights, Michigan 48071
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Madison Heights, Michigan 48071
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Madison Heights, MI 48071. 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 Madison Heights, Michigan 48071 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Madison Heights, Michigan and around Oakland 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 | 96.23% | 94.13% | 93.32% | 92.65% | 92.35% | 89.89% | 89.56% | 89.71% | 89.15% |
avg mortgage rate | 6.58% | 4.80% | 3.09% | 3.49% | 4.50% | 4.73% | 4.29% | 4.02% | 4.23% |
% 15 year fixed mortgage | 3.10% | 4.75% | 5.56% | 6.21% | 6.11% | 8.24% | 8.76% | 8.56% | 9.09% |
avg mortgage rate | 5.67% | 3.98% | 2.48% | 2.92% | 3.84% | 4.03% | 3.49% | 3.18% | 3.37% |
Avg credit score | 746.03 | 746.49 | 749.90 | 747.42 | 745.95 | 753.41 | 746.23 | 750.53 | 749.01 |
Avg LTV (loan to value) | 84.36% | 85.12% | 85.41% | 85.56% | 84.89% | 81.58% | 83.05% | 83.66% | 83.50% |
Avg DTI (debt to income) | 37.81 | 36.60 | 34.62 | 34.88 | 35.27 | 35.36 | 34.60 | 33.85 | 33.08 |
% First time homebuyer | 59.05% | 54.31% | 51.92% | 52.69% | 50.30% | 38.64% | 38.97% | 41.58% | 40.75% |
Avg mortgage insurance % | 15.15% | 15.52% | 15.39% | 15.44% | 14.68% | 11.44% | 12.40% | 13.46% | 13.31% |
Best Mortgage Brokers around Madison Heights, Michigan 48071
For those searching for a new home in Madison Heights, we have compiled a list of the top mortgage brokers located in and around Madison Heights, Michigan 48071 to assist you with your search.
Name
Address
Contact
Continental Mortgage
28091 Dequindre Rd
Madison Heights MI 48071
(248) 542-2490
Global Funding
1401 W Girard Ave
Madison Heights MI 48071
(248) 268-2517
Hodge & Associates
28051 Dequindre Rd
Madison Heights MI 48071
(248) 591-5626
Autoloanoptionscom
370 E 12 Mile Rd
Madison Heights MI 48071
(248) 850-8564
http://autoloanoptions.com/
Hunter Financial
1000 Tech Row
Madison Heights MI 48071
(248) 298-2303
Address
28091 Dequindre Rd
Madison Heights MI
Contact
(248) 542-2490
Address
1401 W Girard Ave
Madison Heights MI
Contact
(248) 268-2517
Address
28051 Dequindre Rd
Madison Heights MI
Contact
(248) 591-5626