Compare Today’s Mortgage Rates in Ray, Michigan 48096
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Ray, Michigan 48096.
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 $13,443 over the lifetime of your 30-year fixed loan, or a monthly savings of $37 in Ray and other areas of Macomb county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
Summary of Average Mortgages in Ray, Michigan 48096
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Interactive Mortgage Rate Projections for Ray, Michigan 48096
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Ray, MI 48096. 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 Ray, Michigan 48096 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Ray, Michigan and around Macomb 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 Ray, Michigan 48096
For those searching for a new home in Ray, we have compiled a list of the top mortgage brokers located in and around Ray, Michigan 48096 to assist you with your search.
Huron Valley Financial
2395 Oak Valley Dr
Ann Arbor MI 48096
(734) 669-8000
cdaniels@huronvalleyfinancial.com
Check 'n Go
1912 W Stadium Blvd
Ann Arbor MI 48096
(734) 213-8101
comments@checkngo.com
Greenstone Farm Credit Services
3645 Jackson Rd
Ann Arbor MI 48096
(734) 769-2411
leigh.picchetti@farmcredit.com
Mortgage Capital Associates
230 Collingwood St
Ann Arbor MI 48096
(734) 913-1050
ssharieff@mtgcapital.com
Arbor One Mortgage Group A Division of Mortgage 1
250 W Eisenhower Pkwy
Ann Arbor MI 48096
(734) 392-8300
rrecchia@mortgageone.com
Address
2395 Oak Valley Dr
Ann Arbor MI
Contact
(734) 669-8000
cdaniels@huronvalleyfinancial.com
Address
1912 W Stadium Blvd
Ann Arbor MI
Contact
(734) 213-8101
comments@checkngo.com
Address
3645 Jackson Rd
Ann Arbor MI
Contact
(734) 769-2411
leigh.picchetti@farmcredit.com