Compare Today’s Mortgage Rates in Traverse City, Michigan 49684
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Traverse City, Michigan 49684.
Our search engine thoroughly explores all home mortgage options in Traverse City, Michigan 49684, 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 $5,913 in lifetime cash or $16 per month in Traverse City and other areas of Grand Traverse county.
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Summary of Average Mortgages in Traverse City, Michigan 49684
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Traverse City, Michigan 49684
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Traverse City, MI 49684. 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 Traverse City, Michigan 49684 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Traverse City, Michigan and around Grand Traverse 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 | 95.96% | 93.45% | 92.69% | 89.64% | 90.42% | 88.03% | 82.66% | 82.84% | 81.11% |
| avg mortgage rate | 6.78% | 4.78% | 3.14% | 3.41% | 4.42% | 4.66% | 4.14% | 3.86% | 4.06% |
| % 15 year fixed mortgage | 3.54% | 4.86% | 6.27% | 8.31% | 7.82% | 9.31% | 14.33% | 14.69% | 16.48% |
| avg mortgage rate | 6.14% | 3.88% | 2.45% | 2.92% | 3.82% | 4.04% | 3.30% | 3.12% | 3.24% |
| Avg credit score | 793.56 | 749.33 | 752.55 | 773.24 | 753.85 | 753.75 | 755.03 | 755.61 | 760.97 |
| Avg LTV (loan to value) | 81.90% | 81.75% | 83.43% | 81.63% | 82.53% | 79.68% | 80.65% | 81.25% | 79.24% |
| Avg DTI (debt to income) | 36.64 | 35.31 | 33.97 | 34.09 | 35.04 | 34.03 | 33.35 | 32.36 | 31.96 |
| % First time homebuyer | 45.45% | 36.38% | 29.00% | 26.33% | 29.42% | 22.07% | 24.50% | 21.29% | 21.30% |
| Avg mortgage insurance % | 13.99% | 13.40% | 13.43% | 11.55% | 12.91% | 9.82% | 9.60% | 10.40% | 8.79% |
Best Mortgage Brokers around Traverse City, Michigan 49684
For those searching for a new home in Traverse City, we have compiled a list of the top mortgage brokers located in and around Traverse City, Michigan 49684 to assist you with your search.
Name
Address
Contact
Aspire Lending
867 N East Silver Lake Rd
Traverse City MI 49684
(616) 842-0956
R B Financial Mortgages
2660 Old Barn Rd
Traverse City MI 49684
(231) 932-9486
Fcs Mortgage
3491 Hartman Rd
Traverse City MI 49684
(231) 946-5710
United Mortgage of America
218 Cochlin St
Traverse City MI 49684
(231) 995-0448
http://www.cartermortgage.com
Joppich K M
10335 W Marion Dr
Traverse City MI 49684
(231) 946-6447
Address
867 N East Silver Lake Rd
Traverse City MI
Contact
(616) 842-0956
Address
2660 Old Barn Rd
Traverse City MI
Contact
(231) 932-9486
Address
3491 Hartman Rd
Traverse City MI
Contact
(231) 946-5710