Compare Today’s Mortgage Rates for Troy, Michigan

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Troy, Michigan 48085. 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 $40,003 or $111 / month in Troy and other areas of Oakland county.

Our search engine explores all home mortgage options in Troy, Michigan 48085, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.5983 -83.1178

Summary of Average Mortgage Terms in Troy, Michigan 48085

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Troy, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Troy, MI 48085, 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.

Local Mortgage Rates for Troy, MI

Historical Mortgage Rates for Troy, Michigan 48085 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Troy, Michigan and around Oakland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 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 Troy, Michigan 48085

If you’re looking to buy a new home in Troy, we have compiled a list of the leading mortgage brokers around Troy, Michigan 48085 to help you with your search.

Name
Address
Contact

Genuine Mortgage Group

4084 John R Rd

Troy MI 48085

(248) 989-8900

Milmar Financial

6535 Rochester Rd

Troy MI 48085

(248) 687-3100

http://nantucketinn.net

Market Max America Realty

4086 Rochester Rd

Troy MI 48085

(248) 680-1500

george.zivan@gmail.com

Michigan Reverse Mortgage

2172 E Wattles Rd

Troy MI 48085

(248) 524-9905

http://www.michiganreversemortgage.com

Prime Plus Mortgage

1977 E Wattles Rd

Troy MI 48085

(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

News on Mortgages and Reverse Mortgages for Troy, Michigan 48085