Compare Today’s Mortgage Rates in Sterling Heights, Michigan 48312
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Sterling Heights, Michigan 48312.
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 $5,854 over the lifetime of your 30-year fixed loan, or a monthly savings of $16 in Sterling Heights and other areas of Macomb county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Sterling Heights, Michigan 48312
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Sterling Heights, Michigan 48312
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Sterling Heights, MI 48312. 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 Sterling Heights, Michigan 48312 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Sterling Heights, 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 | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
% 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
% First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Sterling Heights, Michigan 48312
For those searching for a new home in Sterling Heights, we have compiled a list of the top mortgage brokers located in and around Sterling Heights, Michigan 48312 to assist you with your search.
Name
Address
Contact
Sun Mortgage Co.
40600 Van Dyke Ave
Sterling Heights MI 48312
(586) 446-8047
May Mortgage
43329 Schoenherr Rd
Sterling Heights MI 48312
(586) 254-6889
Fortress Home Mortgage Inc.
13854 Lakeside Cir
Sterling Heights MI 48312
(248) 542-9158
Mortgage One
13464 Canal Rd
Sterling Heights MI 48312
(586) 580-2693
Jamira Financial Enterprises
8335 Clay Ct
Sterling Heights MI 48312
(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