Compare Today’s Mortgage Rates in Westland, Michigan 48185
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Westland, Michigan 48185.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Westland, Michigan 48185. For a 30-year fixed loan, our calculations show that you can expect to save up to $10,752 over the lifetime of your mortgage, which translates to a monthly savings of $30 in Westland and other areas of Wayne county.
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Summary of Average Mortgages in Westland, Michigan 48185
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Westland, Michigan 48185
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Westland, MI 48185. 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 Westland, Michigan 48185 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Westland, 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 Westland, Michigan 48185
For those searching for a new home in Westland, we have compiled a list of the top mortgage brokers located in and around Westland, Michigan 48185 to assist you with your search.
Name
Address
Contact
Mortgage Sunset
594 Spearmint St
Westland MI 48185
(734) 578-9297
United Mortgage And Realty Development Co.
856 Rahn St
Westland MI 48185
(734) 729-3105
Check 'n Go
31294 Michigan Ave
Westland MI 48185
(734) 326-7400
comments@checkngo.com
G E Commercial Finance
3135 Easton Tpke
Westland MI 48185
(734) 727-2909
Mac Clair Mortgage
38545 Ford Rd
Westland MI 48185
(734) 727-5626
Address
594 Spearmint St
Westland MI
Contact
(734) 578-9297
Address
856 Rahn St
Westland MI
Contact
(734) 729-3105
Address
31294 Michigan Ave
Westland MI
Contact
(734) 326-7400
comments@checkngo.com