Compare Today’s Mortgage Rates in Salem, Michigan 48175
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Salem, Michigan 48175.
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 $9,438 over the lifetime of your 30-year fixed loan, or a monthly savings of $26 in Salem and other areas of Wayne county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
42.407097
-83.538891
20498
Summary of Average Mortgages in Salem, Michigan 48175
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Salem, Michigan 48175
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Salem, Michigan 48175
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, MI 48175. 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 Salem, Michigan 48175 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Michigan and around Wayne 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 | 94.94% | 92.56% | 91.62% | 90.82% | 89.68% | 86.72% | 86.48% | 85.94% | 85.49% |
avg mortgage rate | 6.56% | 4.76% | 3.08% | 3.44% | 4.47% | 4.71% | 4.27% | 3.99% | 4.20% |
% 15 year fixed mortgage | 4.13% | 6.07% | 7.10% | 7.59% | 8.64% | 11.05% | 11.39% | 11.92% | 12.54% |
avg mortgage rate | 5.78% | 3.82% | 2.43% | 2.95% | 3.81% | 4.03% | 3.50% | 3.24% | 3.35% |
Avg credit score | 746.54 | 753.21 | 752.55 | 753.42 | 750.29 | 749.33 | 750.61 | 750.86 | 750.05 |
Avg LTV (loan to value) | 84.29% | 84.59% | 84.94% | 84.88% | 83.96% | 81.23% | 82.69% | 83.43% | 83.14% |
Avg DTI (debt to income) | 37.77 | 35.98 | 34.29 | 34.89 | 35.22 | 34.91 | 34.22 | 34.04 | 33.38 |
% First time homebuyer | 57.37% | 53.38% | 49.34% | 48.67% | 46.40% | 37.66% | 37.61% | 40.40% | 40.90% |
Avg mortgage insurance % | 15.22% | 15.08% | 14.83% | 14.79% | 13.78% | 10.96% | 12.07% | 13.11% | 12.52% |
Best Mortgage Brokers around Salem, Michigan 48175
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Michigan 48175 to assist you with your search.
Name
Address
Contact
Ameriplus Financial
47246 N Pointe Dr
Canton MI 48175
(734) 667-1288
Check 'n Go
9125 Telegraph Rd
Taylor MI 48175
(313) 299-3450
comments@checkngo.com
Check 'n Go
26217 Eureka Rd
Taylor MI 48175
(734) 955-6992
comments@checkngo.com
Capital Mortgage Funding
20623 Eureka Rd
Taylor MI 48175
(734) 225-6047
creditunioninfo@lowrateonline.com
Amera Mortgage
20300 Superior Rd
Taylor MI 48175
(734) 287-4700
amerahq@ameramortgage.com
Address
47246 N Pointe Dr
Canton MI
Contact
(734) 667-1288
Address
9125 Telegraph Rd
Taylor MI
Contact
(313) 299-3450
comments@checkngo.com
Address
26217 Eureka Rd
Taylor MI
Contact
(734) 955-6992
comments@checkngo.com