Compare Today’s Mortgage Rates in Newport, Rhode Island 02840
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Newport, Rhode Island 02840.
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 $15,750 over the lifetime of your 30-year fixed loan, or a monthly savings of $44 in Newport and other areas of Newport 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 Newport, Rhode Island 02840
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Newport, Rhode Island 02840
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Newport, RI 02840. 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 Newport, Rhode Island 02840 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Newport, Rhode Island and around Newport 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 | 95.08% | 93.15% | 93.84% | 91.92% | 89.49% | 89.20% | 89.62% | 89.43% | 85.28% |
avg mortgage rate | 6.45% | 4.50% | 3.05% | 3.34% | 4.38% | 4.58% | 4.18% | 3.88% | 4.08% |
% 15 year fixed mortgage | 4.04% | 5.17% | 5.08% | 6.00% | 7.88% | 8.96% | 8.06% | 8.97% | 12.16% |
avg mortgage rate | 5.67% | 3.65% | 2.44% | 2.90% | 3.76% | 3.96% | 3.38% | 3.12% | 3.26% |
Avg credit score | 760.82 | 762.22 | 761.25 | 762.36 | 764.37 | 761.50 | 759.14 | 762.44 | 760.86 |
Avg LTV (loan to value) | 73.26% | 76.38% | 79.15% | 79.87% | 79.02% | 76.16% | 77.35% | 78.70% | 77.35% |
Avg DTI (debt to income) | 37.08 | 35.82 | 34.41 | 34.69 | 36.11 | 35.02 | 34.56 | 34.13 | 33.67 |
% First time homebuyer | 25.38% | 22.72% | 20.92% | 21.23% | 21.07% | 16.52% | 18.30% | 18.26% | 17.03% |
Avg mortgage insurance % | 8.43% | 9.21% | 10.21% | 10.78% | 9.84% | 7.21% | 7.55% | 8.93% | 7.46% |
Best Mortgage Brokers around Newport, Rhode Island 02840
For those searching for a new home in Newport, we have compiled a list of the top mortgage brokers located in and around Newport, Rhode Island 02840 to assist you with your search.
Name
Address
Contact
Embrace Home Loans
364 Bellevue Ave
Newport RI 02840
(401) 849-1956
Cobblestone Mortgage
37 Bellevue Ave
Newport RI 02840
(401) 848-0025
The Mortgage Source
39 Bellevue Ave
Newport RI 02840
(401) 845-0025
Wells Fargo Home Mortgage
210 Bellevue Ave
Newport RI 02840
(401) 848-0143
http://www.wellsfargo.com/mortgage/
Noah Anacleto Superior Mtg
494 Broadway
Newport RI 02840
(401) 847-4747
Address
364 Bellevue Ave
Newport RI
Contact
(401) 849-1956
Address
37 Bellevue Ave
Newport RI
Contact
(401) 848-0025
Address
39 Bellevue Ave
Newport RI
Contact
(401) 845-0025