Compare Today’s Mortgage Rates in Rochester, Michigan 48306
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Rochester, Michigan 48306.
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 $2,127 over the lifetime of your 30-year fixed loan, or a monthly savings of $6 in Rochester and other areas of Oakland 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 Rochester, Michigan 48306
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Interactive Mortgage Rate Projections for Rochester, Michigan 48306
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rochester, MI 48306. 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 Rochester, Michigan 48306 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rochester, 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 Rochester, Michigan 48306
For those searching for a new home in Rochester, we have compiled a list of the top mortgage brokers located in and around Rochester, Michigan 48306 to assist you with your search.
First Republic Mortgage
5720 Paint Valley Dr
Rochester MI 48306
(248) 650-5474
jnjrmc@comcast.net
First Legacy Financial
3544 Normandy Dr
Rochester MI 48306
(248) 276-0591
Harvard Financial Group
60900 Eyster Rd
Rochester MI 48306
(248) 651-8365
http://www.harvardfinancial.net/
American Funding Group
414 East St
Rochester MI 48306
(248) 601-5555
pgruits@rhemainternational.org
Paramount Bank
339 East St
Rochester MI 48306
(248) 609-0699
Address
5720 Paint Valley Dr
Rochester MI
Contact
(248) 650-5474
jnjrmc@comcast.net
Address
3544 Normandy Dr
Rochester MI
Contact
(248) 276-0591
Address
60900 Eyster Rd
Rochester MI
Contact
(248) 651-8365
http://www.harvardfinancial.net/