Compare Today’s Refinance Rates for Watson, Alabama 35181
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Watson, Alabama 35181.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Watson, Alabama 35181. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,316 or $15 per month in Watson and other parts of Jefferson county.
Summary of Average Refinances in Watson, Alabama 35181
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Interactive Refinance Rate Projections for Watson, Alabama 35181
Pureloan has developed an interactive chart to monitor the five largest local lenders in Watson, AL 35181, 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 Watson, Alabama 35181 from 2024 - 2016
The following historical data provides insights into refinancing trends in Watson, Alabama and the surrounding Jefferson 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 | 84.00% | 63.08% | 62.95% | 63.93% | 64.49% | 66.00% | 54.59% | 60.07% | 60.59% |
avg refi rate | 6.35% | 3.74% | 2.97% | 3.26% | 4.19% | 4.52% | 4.08% | 3.93% | 4.14% |
% 15 year fixed refinance | 12.00% | 20.35% | 23.12% | 21.44% | 22.04% | 26.00% | 29.19% | 25.75% | 26.27% |
avg refi rate | 5.08% | 2.81% | 2.44% | 2.74% | 3.59% | 3.94% | 3.24% | 3.12% | 3.31% |
Avg credit score | 740.48 | 767.20 | 749.13 | 755.44 | 748.43 | 743.27 | 745.11 | 747.55 | 747.69 |
Avg LTV (loan to value) | 64.88% | 65.65% | 70.35% | 74.12% | 72.06% | 74.74% | 74.59% | 75.63% | 76.17% |
Avg DTI (debt to income) | 32.32 | 32.63 | 30.54 | 30.67 | 32.54 | 32.47 | 32.65 | 31.86 | 32.60 |
Avg refinance insurance % | 1.48% | 1.46% | 3.10% | 5.13% | 5.18% | 5.91% | 5.44% | 7.29% | 6.60% |
Best Refinance Brokers around Watson, Alabama 35181
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Watson, Alabama 35181, we have compiled a list of top refinance brokers to assist you in the process.
Steve Shoemaker
Loan Originator
2204 Lakeshore Dr Ste 330
Birmingham, AL 35181
(205) 874-1331
steveshoemaker@synovusmortgage.com
David Mays
Mortgage Banker
2001 Park Pl Ste 650
Birmingham, AL 35181
(205) 824-3848
dmays@renasant.com
Renee Green
Mortgage Loan Officer
324 Arrington Blvd N
Birmingham, AL 35181
(205) 949-2206
rg@servisfirstbank.com
Jenifer Tucker
Branch Manager/ Lender
2915 Clairmont Ave S
Birmingham, AL 35181
(205) 949-0892
jenifert@eva-bank.com
Graham Hutson
President
1 Independence Plz Ste 816
Birmingham, AL 35181
(205) 870-7777
graham@thehutsoncompany.com
Address
2204 Lakeshore Dr Ste 330
Birmingham, AL
Contact
(205) 874-1331
Fax (301) 639-0804
steveshoemaker@synovusmortgage.com
Address
2001 Park Pl Ste 650
Birmingham, AL
Contact
(205) 824-3848
Fax (301) 639-0804
dmays@renasant.com
Address
324 Arrington Blvd N
Birmingham, AL
Contact
(205) 949-2206
Fax (301) 639-0804
rg@servisfirstbank.com