Compare Today’s Mortgage Rates in Medford, Minnesota 55049
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Medford, Minnesota 55049.
Our search engine thoroughly explores all home mortgage options in Medford, Minnesota 55049, 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 $5,582 in lifetime cash or $16 per month in Medford and other areas of Steele county.
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Summary of Average Mortgages in Medford, Minnesota 55049
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Medford, Minnesota 55049
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Medford, MN 55049. 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 Medford, Minnesota 55049 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Medford, Minnesota and around Steele 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 | 97.06% | 95.33% | 95.20% | 94.54% | 93.39% | 90.91% | 91.36% | 92.12% | 90.94% |
| avg mortgage rate | 6.44% | 4.65% | 2.99% | 3.30% | 4.26% | 4.58% | 4.14% | 3.86% | 4.05% |
| % 15 year fixed mortgage | 2.26% | 3.63% | 3.71% | 4.14% | 4.77% | 7.03% | 6.52% | 6.07% | 7.23% |
| avg mortgage rate | 5.66% | 3.77% | 2.38% | 2.89% | 3.75% | 3.96% | 3.33% | 3.07% | 3.23% |
| Avg credit score | 752.45 | 759.13 | 758.87 | 759.40 | 756.02 | 758.92 | 758.21 | 757.42 | 758.80 |
| Avg LTV (loan to value) | 83.89% | 83.71% | 84.34% | 84.90% | 83.84% | 80.84% | 82.50% | 83.94% | 83.85% |
| Avg DTI (debt to income) | 38.02 | 36.25 | 34.31 | 34.56 | 35.33 | 34.37 | 33.66 | 33.56 | 33.33 |
| % First time homebuyer | 52.90% | 48.15% | 45.07% | 46.28% | 42.78% | 31.55% | 34.06% | 35.67% | 35.25% |
| Avg mortgage insurance % | 15.16% | 14.54% | 14.49% | 15.09% | 13.98% | 10.94% | 12.62% | 14.34% | 14.38% |
Best Mortgage Brokers around Medford, Minnesota 55049
For those searching for a new home in Medford, we have compiled a list of the top mortgage brokers located in and around Medford, Minnesota 55049 to assist you with your search.
Name
Address
Contact
Twin City Lending
101 5th St E
Northfield MN 55049
(651) 303-4236
http://www.twincitylending.com
Wells Fargo Home Mortgage
700 Water St S
Northfield MN 55049
(507) 663-7393
reportphish@wellsfargo.com
Granite Equity Partners
158 Water St N
Northfield MN 55049
(507) 786-9000
http://www.graniteequitypartners.com
Mid Country Finance
1030 Highway 3 S
Northfield MN 55049
(507) 645-4449
http://www.midcountrybank.com
Northfield Bancshares
1605 Heritage Dr
Northfield MN 55049
(507) 645-4441
http://community-resourcebank.com
Address
101 5th St E
Northfield MN
Contact
(651) 303-4236
http://www.twincitylending.com
Address
700 Water St S
Northfield MN
Contact
(507) 663-7393
reportphish@wellsfargo.com
Address
158 Water St N
Northfield MN
Contact
(507) 786-9000
http://www.graniteequitypartners.com