Compare Today’s Mortgage Rates in Wayne, Michigan 48184
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Wayne, Michigan 48184.
Our search engine thoroughly explores all home mortgage options in Wayne, Michigan 48184, 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 $2,065 in lifetime cash or $6 per month in Wayne and other areas of Wayne county.
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Summary of Average Mortgages in Wayne, Michigan 48184
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Wayne, Michigan 48184
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Wayne, MI 48184. 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 Wayne, Michigan 48184 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Wayne, 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 Wayne, Michigan 48184
For those searching for a new home in Wayne, we have compiled a list of the top mortgage brokers located in and around Wayne, Michigan 48184 to assist you with your search.
Name
Address
Contact
OneMain Financial
35159 E Michigan Ave
Wayne MI 48184
(734) 728-1157
http://branches.onemainfinancial.com/mi/wayne/35159-east-michigan-av.html
Ameriplus Financial
47246 N Pointe Dr
Canton MI 48184
(734) 667-1288
Check 'n Go
9125 Telegraph Rd
Taylor MI 48184
(313) 299-3450
comments@checkngo.com
Check 'n Go
26217 Eureka Rd
Taylor MI 48184
(734) 955-6992
comments@checkngo.com
Capital Mortgage Funding
20623 Eureka Rd
Taylor MI 48184
(734) 225-6047
creditunioninfo@lowrateonline.com
Address
35159 E Michigan Ave
Wayne MI
Contact
(734) 728-1157
http://branches.onemainfinancial.com/mi/wayne/35159-east-michigan-av.html
Address
47246 N Pointe Dr
Canton MI
Contact
(734) 667-1288
Address
9125 Telegraph Rd
Taylor MI
Contact
(313) 299-3450
comments@checkngo.com