Compare Today’s Mortgage Rates in Rockford, Michigan 49351
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Rockford, Michigan 49351.
Our search engine thoroughly explores all home mortgage options in Rockford, Michigan 49351, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $4,624 in lifetime cash or $13 per month in Rockford and other areas of Kent county.
Summary of Average Mortgages in Rockford, Michigan 49351
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Interactive Mortgage Rate Projections for Rockford, Michigan 49351
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rockford, MI 49351. 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 Rockford, Michigan 49351 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rockford, Michigan and around Kent 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 | 96.58% | 93.94% | 93.33% | 91.59% | 89.53% | 86.51% | 86.89% | 86.31% | 82.92% |
avg mortgage rate | 6.50% | 4.78% | 3.11% | 3.40% | 4.40% | 4.63% | 4.13% | 3.84% | 4.07% |
% 15 year fixed mortgage | 2.28% | 4.84% | 5.26% | 6.28% | 7.97% | 10.12% | 10.34% | 11.33% | 13.74% |
avg mortgage rate | 5.52% | 3.83% | 2.47% | 2.92% | 3.76% | 3.93% | 3.31% | 3.08% | 3.24% |
Avg credit score | 752.38 | 768.01 | 750.67 | 765.53 | 750.16 | 757.31 | 748.96 | 758.63 | 754.00 |
Avg LTV (loan to value) | 82.58% | 83.26% | 83.02% | 83.56% | 82.64% | 80.86% | 82.88% | 82.97% | 81.73% |
Avg DTI (debt to income) | 37.22 | 35.95 | 34.41 | 34.19 | 34.64 | 34.54 | 33.57 | 32.77 | 32.34 |
% First time homebuyer | 43.02% | 34.87% | 31.39% | 27.59% | 28.90% | 19.57% | 23.75% | 20.86% | 19.87% |
Avg mortgage insurance % | 15.33% | 14.89% | 14.22% | 14.41% | 13.15% | 11.70% | 13.18% | 13.01% | 11.68% |
Best Mortgage Brokers around Rockford, Michigan 49351
For those searching for a new home in Rockford, we have compiled a list of the top mortgage brokers located in and around Rockford, Michigan 49351 to assist you with your search.
Integrity Lending
27 N Main St
Rockford MI 49351
(616) 447-8970
Summitt Home Mortgage
5670 Arroyo Vista Dr NE
Rockford MI 49351
(616) 884-0777
patl@summit-mortgage.com
Ross Mortgage
106 Courtland St
Rockford MI 49351
(616) 884-5394
PNC Mortgage
1 W 8th St
Holland MI 49351
(616) 394-7015
pncpaymentportal@pnc.com
The House Mortgage
238 Hoover Blvd
Holland MI 49351
(616) 392-2290
http://www.mortgagehouse.org/apps/expiredsites/expiredsitelandingpage.aspx
Address
27 N Main St
Rockford MI
Contact
(616) 447-8970
Address
5670 Arroyo Vista Dr NE
Rockford MI
Contact
(616) 884-0777
patl@summit-mortgage.com
Address
106 Courtland St
Rockford MI
Contact
(616) 884-5394