Compare Today’s Mortgage Rates for Sterling Heights, Michigan

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Sterling Heights, Michigan 48313. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $15,247 or $42 / month in Sterling Heights and surrounding areas of Macomb county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Sterling Heights, Michigan 48313.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Sterling Heights, Michigan 48313

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Sterling Heights, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Sterling Heights, MI 48313, 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 Sterling Heights, MI

Historical Mortgage Rates for Sterling Heights, Michigan 48313 from 2013 - 2020

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

2013 2014 2015 2016 2017 2018 2019 2020
% 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 Sterling Heights, Michigan 48313

If you’re looking to buy a new home in Sterling Heights, we have compiled a list of the leading mortgage brokers around Sterling Heights, Michigan 48313 to help you with your search.

Name
Address
Contact

Sun Mortgage Co.

40600 Van Dyke Ave

Sterling Heights MI 48313

(586) 446-8047

May Mortgage

43329 Schoenherr Rd

Sterling Heights MI 48313

(586) 254-6889

Fortress Home Mortgage Inc.

13854 Lakeside Cir

Sterling Heights MI 48313

(248) 542-9158

Mortgage One

13464 Canal Rd

Sterling Heights MI 48313

(586) 580-2693

Jamira Financial Enterprises

8335 Clay Ct

Sterling Heights MI 48313

(586) 825-0411

Address

40600 Van Dyke Ave

Sterling Heights MI

Contact

(586) 446-8047

Address

43329 Schoenherr Rd

Sterling Heights MI

Contact

(586) 254-6889

Address

13854 Lakeside Cir

Sterling Heights MI

Contact

(248) 542-9158

News on Mortgages and Reverse Mortgages for Sterling Heights, Michigan 48313