Compare Today’s Refinance Rates for Banks, Arkansas 71631
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Banks, Arkansas 71631.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $814 over the lifetime of your mortgage, which translates to a monthly savings of $2 in Banks and other areas of Bradley 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 Banks, Arkansas 71631
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Interactive Refinance Rate Projections for Banks, Arkansas 71631
Pureloan has developed an interactive chart to monitor the five largest local lenders in Banks, AR 71631, 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 Banks, Arkansas 71631 from 2024 - 2016
The following historical data provides insights into refinancing trends in Banks, Arkansas and the surrounding Bradley 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 | 50.00% | 55.95% | 46.51% | 43.50% | 71.93% | 72.55% | 62.79% | 58.00% | 52.63% |
avg refi rate | 6.29% | 3.95% | 2.96% | 3.26% | 4.29% | 4.50% | 3.98% | 3.90% | 3.84% |
% 15 year fixed refinance | 16.67% | 26.19% | 41.40% | 33.33% | 17.54% | 21.57% | 25.58% | 24.00% | 33.33% |
avg refi rate | 6.00% | 3.08% | 2.47% | 2.76% | 3.55% | 4.07% | 3.56% | 3.09% | 3.15% |
Avg credit score | 728.83 | 737.93 | 743.22 | 745.59 | 739.56 | 736.18 | 734.28 | 735.16 | 745.60 |
Avg LTV (loan to value) | 77.50% | 69.67% | 70.91% | 73.42% | 76.86% | 73.14% | 72.14% | 74.50% | 74.68% |
Avg DTI (debt to income) | 35.67 | 32.67 | 31.10 | 31.07 | 33.81 | 31.71 | 31.60 | 31.94 | 30.72 |
Avg refinance insurance % | 11.17% | 5.24% | 4.82% | 5.28% | 8.16% | 5.63% | 6.09% | 5.98% | 4.40% |
Best Refinance Brokers around Banks, Arkansas 71631
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Banks, Arkansas 71631, we have compiled a list of top refinance brokers to assist you in the process.
Joy Lagrone
AgFinancial Services Specialist
106 S Freeman St
Dermott, AR 71631
(870) 538-5205
Joy.Lagrone@agheritagefcs.com
Mark Dutton
VP & Branch Manager
904 N Drew St
Star City, AR 71631
(870) 628-4218
Mark.Dutton@agheritagefcs.com
Amy Postel
AgFinancial Services Specialist
904 N Drew St
Star City, AR 71631
(870) 628-4218
Amy.Postel@agheritagefcs.com
Bill Bowman
Loan Officer
301 North Second Street, Mcgehee,
Mc Gehee, KS 71631
(870) 222-3151
Bill.Bowman@mcgeheebank.com
James Smith
Loan Officer
301 North Second Street, Mcgehee,
Mc Gehee, KS 71631
(870) 222-3151
James.Smith@mcgeheebank.com
Address
106 S Freeman St
Dermott, AR
Contact
(870) 538-5205
Fax (301) 639-0804
Joy.Lagrone@agheritagefcs.com
Address
904 N Drew St
Star City, AR
Contact
(870) 628-4218
Fax (301) 639-0804
Mark.Dutton@agheritagefcs.com
Address
904 N Drew St
Star City, AR
Contact
(870) 628-4218
Fax (301) 639-0804
Amy.Postel@agheritagefcs.com