Compare Today’s Mortgage Rates in Pontiac, Michigan 48342
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Pontiac, Michigan 48342.
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 Pontiac, Michigan 48342. For a 30-year fixed loan, our calculations show that you can expect to save up to $4,624 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Pontiac and other areas of Oakland county.
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Summary of Average Mortgages in Pontiac, Michigan 48342
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Pontiac, Michigan 48342
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Pontiac, MI 48342. 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 Pontiac, Michigan 48342 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Pontiac, 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 | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
% 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
% First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Pontiac, Michigan 48342
For those searching for a new home in Pontiac, we have compiled a list of the top mortgage brokers located in and around Pontiac, Michigan 48342 to assist you with your search.
Name
Address
Contact
Security Mortgage
100 N Saginaw St
Pontiac MI 48342
(248) 836-0015
American's Mortgage Broker
91 N Saginaw St
Pontiac MI 48342
(248) 481-9057
Pontiac First Mortgage
787 Auburn Ave
Pontiac MI 48342
(248) 239-0400
support@meetmytech.com
Centerbrook Mortgage Company
28 N Saginaw St
Pontiac MI 48342
(248) 310-2880
awasserman@centerbrookmortgage.com
Michigan Mortgage Solutions
91 N Saginaw St
Pontiac MI 48342
(248) 674-6450
admin@michiganmortgagesolutions.com
Address
100 N Saginaw St
Pontiac MI
Contact
(248) 836-0015
Address
91 N Saginaw St
Pontiac MI
Contact
(248) 481-9057
Address
787 Auburn Ave
Pontiac MI
Contact
(248) 239-0400
support@meetmytech.com