Compare Today’s Mortgage Rates for Sterling Heights, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Sterling Heights, Michigan 48314. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $7,907 or $22 / month in Sterling Heights and other areas of Macomb county.
Our search engine explores all home mortgage options in Sterling Heights, Michigan 48314, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Sterling Heights, Michigan 48314
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Sterling Heights, MI 48314, 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.
Historical Mortgage Rates for Sterling Heights, Michigan 48314 from 2012 - 2019
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 48314
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 48314 to help you with your search.
Name
Address
Contact
Sun Mortgage Co.
40600 Van Dyke Ave
Sterling Heights MI 48314
(586) 446-8047
May Mortgage
43329 Schoenherr Rd
Sterling Heights MI 48314
(586) 254-6889
Fortress Home Mortgage Inc.
13854 Lakeside Cir
Sterling Heights MI 48314
(248) 542-9158
Mortgage One
13464 Canal Rd
Sterling Heights MI 48314
(586) 580-2693
Jamira Financial Enterprises
8335 Clay Ct
Sterling Heights MI 48314
(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