Compare Today’s Mortgage Rates in Troy, Michigan 48007
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Troy, Michigan 48007.
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 $9,813 over the lifetime of your 30-year fixed loan, or a monthly savings of $27 in Troy and other areas of Oakland 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 Troy, Michigan 48007
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Troy, Michigan 48007
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Troy, MI 48007. 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 Troy, Michigan 48007 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Troy, Michigan and around Oakland 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 | 96.23% | 94.13% | 93.32% | 92.65% | 92.35% | 89.89% | 89.56% | 89.71% | 89.15% |
avg mortgage rate | 6.58% | 4.80% | 3.09% | 3.49% | 4.50% | 4.73% | 4.29% | 4.02% | 4.23% |
% 15 year fixed mortgage | 3.10% | 4.75% | 5.56% | 6.21% | 6.11% | 8.24% | 8.76% | 8.56% | 9.09% |
avg mortgage rate | 5.67% | 3.98% | 2.48% | 2.92% | 3.84% | 4.03% | 3.49% | 3.18% | 3.37% |
Avg credit score | 746.03 | 746.49 | 749.90 | 747.42 | 745.95 | 753.41 | 746.23 | 750.53 | 749.01 |
Avg LTV (loan to value) | 84.36% | 85.12% | 85.41% | 85.56% | 84.89% | 81.58% | 83.05% | 83.66% | 83.50% |
Avg DTI (debt to income) | 37.81 | 36.60 | 34.62 | 34.88 | 35.27 | 35.36 | 34.60 | 33.85 | 33.08 |
% First time homebuyer | 59.05% | 54.31% | 51.92% | 52.69% | 50.30% | 38.64% | 38.97% | 41.58% | 40.75% |
Avg mortgage insurance % | 15.15% | 15.52% | 15.39% | 15.44% | 14.68% | 11.44% | 12.40% | 13.46% | 13.31% |
Best Mortgage Brokers around Troy, Michigan 48007
For those searching for a new home in Troy, we have compiled a list of the top mortgage brokers located in and around Troy, Michigan 48007 to assist you with your search.
Name
Address
Contact
Genuine Mortgage Group
4084 John R Rd
Troy MI 48007
(248) 989-8900
Milmar Financial
6535 Rochester Rd
Troy MI 48007
(248) 687-3100
http://nantucketinn.net
Market Max America Realty
4086 Rochester Rd
Troy MI 48007
(248) 680-1500
george.zivan@gmail.com
Michigan Reverse Mortgage
2172 E Wattles Rd
Troy MI 48007
(248) 524-9905
http://www.michiganreversemortgage.com
Prime Plus Mortgage
1977 E Wattles Rd
Troy MI 48007
(248) 526-2900
Address
4084 John R Rd
Troy MI
Contact
(248) 989-8900
Address
6535 Rochester Rd
Troy MI
Contact
(248) 687-3100
http://nantucketinn.net
Address
4086 Rochester Rd
Troy MI
Contact
(248) 680-1500
george.zivan@gmail.com