Compare Today’s Mortgage Rates for Rochester, Michigan

Pureloan searches mortgage lenders and major banks in Rochester, Michigan 48306 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $15,811 or $44 / month is expected in Rochester and other areas of Oakland county.

Pureloan’s search engine explores all home mortgage options in Rochester, Michigan 48306, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.710684 -83.164215

Summary of Average Mortgage Terms in Rochester, Michigan 48306

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Rochester, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Rochester, MI 48306, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Rochester, MI

Historical Mortgage Rates for Rochester, Michigan 48306 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Rochester, Michigan and around Oakland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 86.08% 83.00% 84.38% 87.84% 89.13% 89.26% 89.76% 88.17%
avg mortgage rate 5.07% 4.79% 3.97% 4.11% 4.54% 4.23% 4.02% 4.23%
% 15 year fixed mortgage 12.03% 13.88% 12.88% 10.70% 9.53% 9.05% 8.54% 10.47%
avg mortgage rate 4.43% 4.06% 3.29% 3.31% 3.58% 3.37% 3.18% 3.40%
Avg credit score 761.24 764.56 762.02 757.46 752.75 749.21 747.88 746.47
Avg LTV (loan to value) 76.88% 78.57% 81.21% 82.38% 83.35% 83.55% 83.55% 82.93%
Avg DTI (debt to income) 32.42 31.68 31.69 32.19 33.12 33.15 33.88 34.39
% First time homebuyer 33.89% 30.18% 28.28% 35.82% 41.22% 40.53% 41.02% 39.25%
Avg mortgage insurance % 4.08% 5.63% 9.53% 10.97% 13.12% 13.43% 13.38% 12.57%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Rochester, Michigan 48306

If you’re looking to buy a new home in Rochester, we have compiled a list of the leading mortgage brokers around Rochester, Michigan 48306 to help you with your search.

Name
Address
Contact

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/

News on Mortgages and Reverse Mortgages for Rochester, Michigan 48306