Compare Today’s Mortgage Rates in Romeo, Michigan 48065
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Romeo, Michigan 48065.
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 Romeo, Michigan 48065. For a 30-year fixed loan, our calculations show that you can expect to save up to $13,441 over the lifetime of your mortgage, which translates to a monthly savings of $37 in Romeo and other areas of Macomb county.
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Summary of Average Mortgages in Romeo, Michigan 48065
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Romeo, Michigan 48065
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Romeo, MI 48065. 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 Romeo, Michigan 48065 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Romeo, 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 Romeo, Michigan 48065
For those searching for a new home in Romeo, we have compiled a list of the top mortgage brokers located in and around Romeo, Michigan 48065 to assist you with your search.
Name
Address
Contact
Great Lakes Mortgage
228 N Main St
Romeo MI 48065
(586) 281-3702
http://www.aclientforlife.com
Capital Stop
17250 W 12 Mile Rd
Southfield MI 48065
(248) 416-8866
Integrity Home Loan
3000 Town Ctr
Southfield MI 48065
(248) 327-2310
Supreme Mortgage
24655 Southfield Rd
Southfield MI 48065
(248) 443-4077
American Lending Solutions
21700 Northwestern Hwy
Southfield MI 48065
(248) 281-6385
Address
228 N Main St
Romeo MI
Contact
(586) 281-3702
http://www.aclientforlife.com
Address
17250 W 12 Mile Rd
Southfield MI
Contact
(248) 416-8866
Address
3000 Town Ctr
Southfield MI
Contact
(248) 327-2310