Compare Today’s Mortgage Rates in Taylor, Michigan 48180
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Taylor, Michigan 48180.
Our search engine thoroughly explores all home mortgage options in Taylor, Michigan 48180, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $5,736 in lifetime cash or $16 per month in Taylor and other areas of Wayne county.
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Summary of Average Mortgages in Taylor, Michigan 48180
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Taylor, Michigan 48180
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Taylor, MI 48180. 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 Taylor, Michigan 48180 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Taylor, 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 Taylor, Michigan 48180
For those searching for a new home in Taylor, we have compiled a list of the top mortgage brokers located in and around Taylor, Michigan 48180 to assist you with your search.
Name
Address
Contact
Affinity Funding Resources
11239 Dudley St
Taylor MI 48180
(734) 374-3463
Genesis Mortgage Co.
8750 Telegraph Rd
Taylor MI 48180
(734) 656-1200
Bretlin Home Mortgage
20400 Ecorse Rd
Taylor MI 48180
(313) 294-2091
Advanced Financial Services
14716 Allen Rd
Taylor MI 48180
(734) 282-3456
Complete Mortgage Licensing
22259 Century Dr
Taylor MI 48180
(734) 692-6500
http://kaplandpm.com
Address
11239 Dudley St
Taylor MI
Contact
(734) 374-3463
Address
8750 Telegraph Rd
Taylor MI
Contact
(734) 656-1200
Address
20400 Ecorse Rd
Taylor MI
Contact
(313) 294-2091