Compare Today’s Mortgage Rates in Ypsilanti, Michigan 48197
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Ypsilanti, Michigan 48197.
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 $7,687 over the lifetime of your 30-year fixed loan, or a monthly savings of $21 in Ypsilanti and other areas of Washtenaw 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 Ypsilanti, Michigan 48197
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Ypsilanti, Michigan 48197
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Ypsilanti, MI 48197. 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 Ypsilanti, Michigan 48197 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Ypsilanti, Michigan and around Washtenaw 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 Ypsilanti, Michigan 48197
For those searching for a new home in Ypsilanti, we have compiled a list of the top mortgage brokers located in and around Ypsilanti, Michigan 48197 to assist you with your search.
Name
Address
Contact
Rapture Enterprise
135 Jerome Ave
Ypsilanti MI 48197
(734) 217-0437
Mister Bucks Check Cashing
1166 Ecorse Rd
Ypsilanti MI 48197
(734) 547-8242
1st Securities Mortgage
141 Ecorse Rd
Ypsilanti MI 48197
(734) 217-0437
Seven Day Mortgage Co.
124 Pearl St
Ypsilanti MI 48197
(734) 390-0157
Burgard & Associates
2048 Washtenaw Rd
Ypsilanti MI 48197
(734) 971-2870
Address
135 Jerome Ave
Ypsilanti MI
Contact
(734) 217-0437
Address
1166 Ecorse Rd
Ypsilanti MI
Contact
(734) 547-8242
Address
141 Ecorse Rd
Ypsilanti MI
Contact
(734) 217-0437