Compare Today’s Refinance Rates for Morgan Hill, California 95037
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Morgan Hill, California 95037.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $16,471 over the lifetime of your mortgage, which translates to a monthly savings of $46 in Morgan Hill and other areas of Santa Clara 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 Morgan Hill, California 95037
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Interactive Refinance Rate Projections for Morgan Hill, California 95037
Pureloan has developed an interactive chart to monitor the five largest local lenders in Morgan Hill, CA 95037, 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 Morgan Hill, California 95037 from 2024 - 2016
The following historical data provides insights into refinancing trends in Morgan Hill, California and the surrounding Santa Clara 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 | 77.27% | 67.41% | 73.98% | 75.29% | 80.85% | 70.40% | 67.08% | 72.34% | 77.67% |
avg refi rate | 6.34% | 3.35% | 2.83% | 3.14% | 4.01% | 4.46% | 4.04% | 3.82% | 4.00% |
% 15 year fixed refinance | 4.55% | 20.99% | 17.80% | 17.83% | 13.51% | 22.39% | 24.32% | 22.23% | 18.01% |
avg refi rate | 5.25% | 2.53% | 2.32% | 2.66% | 3.42% | 3.70% | 3.29% | 3.03% | 3.20% |
Avg credit score | 763.64 | 757.82 | 770.45 | 773.37 | 761.05 | 753.00 | 756.99 | 762.85 | 763.00 |
Avg LTV (loan to value) | 38.55% | 43.72% | 50.34% | 52.10% | 55.29% | 48.29% | 49.72% | 51.56% | 57.21% |
Avg DTI (debt to income) | 39.36 | 36.49 | 33.22 | 32.81 | 35.51 | 36.07 | 36.10 | 34.28 | 34.40 |
Avg refinance insurance % | 0.55% | 0.22% | 0.58% | 0.85% | 1.81% | 0.71% | 0.64% | 0.53% | 0.71% |
Best Refinance Brokers around Morgan Hill, California 95037
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Morgan Hill, California 95037, we have compiled a list of top refinance brokers to assist you in the process.
Ann Lewis
Mortgage Banker
17599 Monterey St
Morgan Hill, CA 95037
(408) 848-9575
Ann.Lewis@chase.com
Richard Vieira
Senior Loan Officer
320 Digital Drive
Morgan Hill, CA 95037
(408) 472-9648
rvieira@bayeq.com
Omar Prieto
Loan Officer
350 Woodview Ave., Suite 300
Morgan Hill, CA 95037
(408) 825-0205
oprieto@guildmortgage.com
Misty Leonard
Loan Officer
350 Woodview Ave., Suite 300
Morgan Hill, CA 95037
(408) 825-0196
mleonard@guildmortgage.com
Jeni Weaver
Loan officer
350 Woodview Ave., Suite 300
Morgan Hill, CA 95037
(408) 825-0243
jweaver@guildmortgage.com
Address
17599 Monterey St
Morgan Hill, CA
Contact
(408) 848-9575
Fax (301) 639-0804
Ann.Lewis@chase.com
Address
320 Digital Drive
Morgan Hill, CA
Contact
(408) 472-9648
Fax (301) 639-0804
rvieira@bayeq.com
Address
350 Woodview Ave., Suite 300
Morgan Hill, CA
Contact
(408) 825-0205
Fax (301) 639-0804
oprieto@guildmortgage.com