Compare Today’s Refinance Rates for Mobile, Alabama

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Mobile, Alabama 36695. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Mobile and surrounding areas of Mobile county, your expected lifetime cash savings are $7,955 or $22 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Mobile, Alabama 36695.

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Summary of Average Refinance Terms in Mobile, Alabama 36695

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Mobile, AL 36695, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Refinance Rates for Mobile, Alabama 36695 from 2012 - 2019

Below are historical data on refinancing in Mobile, Alabama and around Mobile county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 62.65% 59.69% 50.59% 53.91% 59.02% 66.18% 61.49% 61.11%
avg refi rate 4.84% 4.58% 3.91% 3.75% 4.44% 4.09% 3.95% 4.05%
% 15 year fixed refinance 26.85% 23.47% 31.76% 34.38% 33.61% 22.71% 25.47% 31.94%
avg refi rate 4.21% 3.90% 3.17% 3.00% 3.62% 3.39% 3.23% 3.18%
Avg credit score 758.89 753.77 758.48 758.46 752.42 749.99 751.98 749.29
Avg LTV (loan to value) 68.88% 69.63% 71.58% 70.54% 73.89% 75.18% 76.77% 72.06%
Avg DTI (debt to income) 30.71 31.83 29.53 28.98 31.01 30.52 32.52 30.57
Avg refinance insurance % 2.04% 2.19% 4.29% 4.26% 6.43% 7.13% 7.57% 5.39%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Mobile, Alabama 36695

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Mobile, Alabama 36695, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Scarlett Morgan

Loan Officer

41 West I-65 Service Road, 2Nd Floor

Mobile, AL 36695

(251) 438-9800

scarlett.morgan@bbandt.com

Travis Guest

Mortgage Lenders

3001 Airport Blvd, #201

Mobile, AL 36695

(251) 434-3342

travis.guest@regions.com

Kate King

Mortgage Lenders

3001 Airport Blvd, #201

Mobile, AL 36695

(251) 434-3330

kate.king@regions.com

Kay Mashburn

Mortgage Lenders

3001 Airport Blvd, #201

Mobile, AL 36695

(251) 694-1454

kay.mashburn@regions.com

Glynis Hyde

Mortgage Lenders

3001 Airport Blvd, #201

Mobile, AL 36695

(251) 694-1440

glynis.hyde@regions.com

Address

41 West I-65 Service Road, 2Nd Floor

Mobile, AL

Contact

(251) 438-9800

Fax (301) 639-0804

scarlett.morgan@bbandt.com

Address

3001 Airport Blvd, #201

Mobile, AL

Contact

(251) 434-3342

Fax (301) 639-0804

travis.guest@regions.com

Address

3001 Airport Blvd, #201

Mobile, AL

Contact

(251) 434-3330

Fax (301) 639-0804

kate.king@regions.com

Refinancing News for Mobile, Alabama 36695