Compare Today’s Mortgage Rates in Norwood, Minnesota 55583
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Norwood, Minnesota 55583.
Our search engine thoroughly explores all home mortgage options in Norwood, Minnesota 55583, 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 $5,885 in lifetime cash or $16 per month in Norwood and other areas of Carver county.
44.766786
-93.930067
23679
Summary of Average Mortgages in Norwood, Minnesota 55583
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Norwood, Minnesota 55583
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Norwood, Minnesota 55583
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Norwood, MN 55583. 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 Norwood, Minnesota 55583 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Norwood, Minnesota and around Carver 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 Norwood, Minnesota 55583
For those searching for a new home in Norwood, we have compiled a list of the top mortgage brokers located in and around Norwood, Minnesota 55583 to assist you with your search.
Name
Address
Contact
No Records Found
No Records Found