Compare Today’s Mortgage Rates in Palmer, Michigan 49871
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Palmer, Michigan 49871.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $1,972 over the lifetime of your 30-year fixed loan, or a monthly savings of $5 in Palmer and other areas of Marquette county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Palmer, Michigan 49871
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Palmer, Michigan 49871
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Palmer, MI 49871. 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 Palmer, Michigan 49871 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Palmer, Michigan and around Marquette 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 | 89.53% | 86.66% | 83.10% | 85.00% | 81.38% | 76.21% | 78.65% | 77.05% | 75.78% |
| avg mortgage rate | 6.58% | 4.70% | 2.99% | 3.08% | 4.27% | 4.62% | 4.05% | 3.69% | 3.97% |
| % 15 year fixed mortgage | 8.72% | 9.61% | 12.23% | 10.34% | 13.54% | 18.07% | 14.76% | 18.78% | 18.63% |
| avg mortgage rate | 6.03% | 3.98% | 2.34% | 2.67% | 3.67% | 4.00% | 3.30% | 2.84% | 3.04% |
| Avg credit score | 739.74 | 743.26 | 743.74 | 745.14 | 759.20 | 748.84 | 750.91 | 751.36 | 752.04 |
| Avg LTV (loan to value) | 85.73% | 83.84% | 83.37% | 84.79% | 83.69% | 81.40% | 83.23% | 82.30% | 82.87% |
| Avg DTI (debt to income) | 33.66 | 32.25 | 31.49 | 31.31 | 31.21 | 30.71 | 30.32 | 30.48 | 30.37 |
| % First time homebuyer | 43.02% | 41.32% | 33.61% | 36.02% | 37.09% | 30.95% | 33.91% | 22.95% | 23.60% |
| Avg mortgage insurance % | 16.90% | 15.01% | 13.88% | 14.61% | 13.55% | 11.47% | 12.30% | 11.90% | 12.82% |
Best Mortgage Brokers around Palmer, Michigan 49871
For those searching for a new home in Palmer, we have compiled a list of the top mortgage brokers located in and around Palmer, Michigan 49871 to assist you with your search.
Name
Address
Contact
Fitzgerald Associates
200 Michigan St
Hancock MI 49871
(906) 482-6072
K Eda
600 E Lakeshore Dr
Houghton MI 49871
(906) 482-6817
Wells Fargo Home Mortgage
1303 College Ave
Houghton MI 49871
(906) 483-0750
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
600 Shelden Ave
Houghton MI 49871
(906) 487-5847
http://www.wellsfargo.com/mortgage/
Wells Fargo Home Mortgage
205 W Aurora St
Ironwood MI 49871
(906) 932-2922
http://www.wellsfargo.com/mortgage/
Address
200 Michigan St
Hancock MI
Contact
(906) 482-6072
Address
600 E Lakeshore Dr
Houghton MI
Contact
(906) 482-6817
Address
1303 College Ave
Houghton MI
Contact
(906) 483-0750
http://www.wellsfargo.com/mortgage/