Compare Today’s Refinance Rates for Boykin, Alabama 36723
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Boykin, Alabama 36723.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Boykin, Alabama 36723. For 30-year amortization refinancing, you can expect lifetime cash savings of $10,164 or $28 per month in Boykin and other parts of Wilcox county.
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Summary of Average Refinances in Boykin, Alabama 36723
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Interactive Refinance Rate Projections for Boykin, Alabama 36723
Pureloan has developed an interactive chart to monitor the five largest local lenders in Boykin, AL 36723, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Boykin, Alabama 36723 from 2024 - 2016
The following historical data provides insights into refinancing trends in Boykin, Alabama and the surrounding Wilcox county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed refinance | 88.46% | 64.00% | 56.88% | 56.29% | 68.15% | 63.89% | 63.50% | 60.76% | 65.05% |
| avg refi rate | 6.30% | 3.89% | 2.98% | 3.26% | 4.27% | 4.60% | 4.14% | 3.95% | 4.09% |
| % 15 year fixed refinance | 11.54% | 17.78% | 26.81% | 28.62% | 22.93% | 25.00% | 24.09% | 25.95% | 22.58% |
| avg refi rate | 5.92% | 2.65% | 2.46% | 2.78% | 3.83% | 3.91% | 3.31% | 3.23% | 3.41% |
| Avg credit score | 751.35 | 744.60 | 750.40 | 756.83 | 748.64 | 733.43 | 743.16 | 752.23 | 748.60 |
| Avg LTV (loan to value) | 76.15% | 70.30% | 72.65% | 75.03% | 76.64% | 74.69% | 74.21% | 76.77% | 75.49% |
| Avg DTI (debt to income) | 33.77 | 33.00 | 30.92 | 31.19 | 32.73 | 32.86 | 31.63 | 32.32 | 30.75 |
| Avg refinance insurance % | 10.12% | 5.09% | 4.62% | 5.83% | 8.77% | 7.06% | 6.70% | 7.52% | 7.48% |
Best Refinance Brokers around Boykin, Alabama 36723
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Boykin, Alabama 36723, we have compiled a list of top refinance brokers to assist you in the process.
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