Compare Today’s Refinance Rates for West Memphis, Arkansas

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for West Memphis, Arkansas 72303. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in West Memphis and surrounding areas of Lee county, your expected lifetime cash savings are $1,041 or $3 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for West Memphis, Arkansas 72303.

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Summary of Average Refinance Terms in West Memphis, Arkansas 72303

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Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in West Memphis, AR 72303, 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 West Memphis, Arkansas 72303 from 2012 - 2019

Below are historical data on refinancing in West Memphis, Arkansas and around Lee 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 59.55% 51.56% 48.98% 54.05% 62.50% 59.72% 60.43% 51.97%
avg refi rate 4.75% 4.48% 3.83% 3.74% 4.43% 4.11% 3.94% 4.02%
% 15 year fixed refinance 27.72% 31.65% 33.70% 35.36% 28.31% 26.20% 29.00% 35.53%
avg refi rate 4.12% 3.75% 3.19% 2.91% 3.56% 3.33% 3.11% 3.24%
Avg credit score 759.19 757.36 762.52 757.36 749.30 746.04 748.95 744.26
Avg LTV (loan to value) 70.15% 71.10% 71.99% 71.89% 73.13% 74.22% 75.33% 73.99%
Avg DTI (debt to income) 29.59 31.18 29.13 30.12 31.53 32.00 32.38 33.56
Avg refinance insurance % 2.27% 3.23% 5.16% 4.21% 5.31% 5.95% 7.09% 4.72%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around West Memphis, Arkansas 72303

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in West Memphis, Arkansas 72303, we have compiled a list of the leading refinance brokers to guide you.

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Refinancing News for West Memphis, Arkansas 72303