Compare Today’s Mortgage Rates in Rockford, Minnesota 55572
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Rockford, Minnesota 55572.
Our search engine thoroughly explores all home mortgage options in Rockford, Minnesota 55572, 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 $15,117 in lifetime cash or $42 per month in Rockford and other areas of Hennepin county.
44.978686
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Summary of Average Mortgages in Rockford, Minnesota 55572
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Rockford, Minnesota 55572
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rockford, MN 55572. 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 Rockford, Minnesota 55572 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rockford, Minnesota and around Hennepin 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 Rockford, Minnesota 55572
For those searching for a new home in Rockford, we have compiled a list of the top mortgage brokers located in and around Rockford, Minnesota 55572 to assist you with your search.
Name
Address
Contact
Midwest Morgage
8010 State Highway 55
Rockford MN 55572
(763) 477-6280
http://www.havemortgage4u.com
Address
8010 State Highway 55
Rockford MN
Contact
(763) 477-6280
http://www.havemortgage4u.com