Compare Today’s Mortgage Rates in Portsmouth, Rhode Island 02871
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Portsmouth, Rhode Island 02871.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Portsmouth, Rhode Island 02871. For a 30-year fixed loan, our calculations show that you can expect to save up to $33,011 over the lifetime of your mortgage, which translates to a monthly savings of $92 in Portsmouth and other areas of Newport county.
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-71.252018
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Summary of Average Mortgages in Portsmouth, Rhode Island 02871
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Portsmouth, Rhode Island 02871
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Portsmouth, RI 02871. 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 Portsmouth, Rhode Island 02871 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Portsmouth, 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 | 92.83% | 93.43% | 94.01% | 91.04% | 89.51% | 88.47% | 87.02% | 90.07% | 88.66% |
avg mortgage rate | 6.52% | 4.55% | 3.03% | 3.35% | 4.38% | 4.62% | 4.16% | 3.88% | 4.08% |
% 15 year fixed mortgage | 5.61% | 4.49% | 4.82% | 7.44% | 8.22% | 9.73% | 11.53% | 8.53% | 8.94% |
avg mortgage rate | 5.65% | 3.60% | 2.39% | 2.85% | 3.75% | 3.96% | 3.36% | 3.17% | 3.23% |
Avg credit score | 758.68 | 771.57 | 762.72 | 766.52 | 759.30 | 759.26 | 760.02 | 759.93 | 761.78 |
Avg LTV (loan to value) | 75.15% | 77.61% | 79.74% | 79.28% | 78.59% | 76.78% | 77.70% | 78.88% | 78.37% |
Avg DTI (debt to income) | 36.66 | 35.59 | 33.86 | 33.89 | 34.59 | 33.88 | 33.15 | 33.02 | 33.09 |
% First time homebuyer | 32.74% | 25.85% | 22.69% | 23.98% | 22.79% | 21.03% | 19.52% | 20.50% | 20.07% |
Avg mortgage insurance % | 10.09% | 9.91% | 10.76% | 10.22% | 9.88% | 7.63% | 8.12% | 9.17% | 9.04% |
Best Mortgage Brokers around Portsmouth, Rhode Island 02871
For those searching for a new home in Portsmouth, we have compiled a list of the top mortgage brokers located in and around Portsmouth, Rhode Island 02871 to assist you with your search.
Name
Address
Contact
Bank Of Newport
481 Kingstown Rd
Wakefield RI 02871
(401) 782-8363
Merrimack Mortgage
50 S County Commons Way
Wakefield RI 02871
(401) 284-2555
Alpine Mortgage
50 S County Commons Way
Wakefield RI 02871
(401) 533-5102
Concord Funding Group
57 Watermark Dr
Tiverton RI 02871
(401) 625-5315
http://www.concordfunding.com
Merit Capital
1 Jackson Walkway
Providence RI 02871
(401) 421-7638
Address
481 Kingstown Rd
Wakefield RI
Contact
(401) 782-8363
Address
50 S County Commons Way
Wakefield RI
Contact
(401) 284-2555
Address
50 S County Commons Way
Wakefield RI
Contact
(401) 533-5102