Compare Today’s Mortgage Rates in Richmond, Michigan 48062
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Richmond, Michigan 48062.
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 Richmond, Michigan 48062. For a 30-year fixed loan, our calculations show that you can expect to save up to $2,188 over the lifetime of your mortgage, which translates to a monthly savings of $6 in Richmond and other areas of Macomb county.
Summary of Average Mortgages in Richmond, Michigan 48062
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Interactive Mortgage Rate Projections for Richmond, Michigan 48062
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Richmond, MI 48062. 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 Richmond, Michigan 48062 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Richmond, 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 Richmond, Michigan 48062
For those searching for a new home in Richmond, we have compiled a list of the top mortgage brokers located in and around Richmond, Michigan 48062 to assist you with your search.
Blue Water Home Loans
218 Huron Ave
Port Huron MI 48062
(810) 987-1200
http://www.bluewaterhomeloans.com/
First Preferred Mortgage Co.
800 Michigan St
Port Huron MI 48062
(810) 982-9948
careers@firstpreferred.com
Michigan Mutual
800 Michigan St
Port Huron MI 48062
(810) 982-9948
http://www.firstpreferred.com
Check 'n Go
1327 24th St
Port Huron MI 48062
(810) 984-9900
comments@checkngo.com
First Michigan Bank
1527 Hancock St
Port Huron MI 48062
(810) 985-5181
mskiba@cfsbank.com
Address
218 Huron Ave
Port Huron MI
Contact
(810) 987-1200
http://www.bluewaterhomeloans.com/
Address
800 Michigan St
Port Huron MI
Contact
(810) 982-9948
careers@firstpreferred.com
Address
800 Michigan St
Port Huron MI
Contact
(810) 982-9948
http://www.firstpreferred.com