Compare Today’s Refinance Rates for Midway, Alabama 36053
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Midway, Alabama 36053.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,847 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Midway and other areas of Bullock county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Midway, Alabama 36053
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Interactive Refinance Rate Projections for Midway, Alabama 36053
Pureloan has developed an interactive chart to monitor the five largest local lenders in Midway, AL 36053, 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 Midway, Alabama 36053 from 2024 - 2016
The following historical data provides insights into refinancing trends in Midway, Alabama and the surrounding Bullock 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 Midway, Alabama 36053
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Midway, Alabama 36053, we have compiled a list of top refinance brokers to assist you in the process.
Ramona Carter
Mortgage Officer
3090 Highway 14 Ste D
Millbrook, AL 36053
(334) 285-8850
rcarter@fcbcamortgage.com
Kimberly Lumpkin
Loan Originator
4121 Carmichael Rd Ste 103
Montgomery, AL 36053
(334) 244-4421
kimberlylumpkin@synovusmortgage.com
Vicki Williams
President
4260 Carmichael Ct N
Montgomery, AL 36053
(334) 277-0900
VickiW@Anchormort.com
Reba Curtis
Loan Officer
4260 Carmichael Ct N
Montgomery, AL 36053
(334) 277-0900
RebaC@Anchormort.com
Wendy Coker
Loan Officer
4260 Carmichael Ct N
Montgomery, AL 36053
(334) 277-0900
WendyC@Anchormort.com
Address
3090 Highway 14 Ste D
Millbrook, AL
Contact
(334) 285-8850
Fax (301) 639-0804
rcarter@fcbcamortgage.com
Address
4121 Carmichael Rd Ste 103
Montgomery, AL
Contact
(334) 244-4421
Fax (301) 639-0804
kimberlylumpkin@synovusmortgage.com
Address
4260 Carmichael Ct N
Montgomery, AL
Contact
(334) 277-0900
Fax (301) 639-0804
VickiW@Anchormort.com