Compare Today’s Refinance Rates for Norwich, Connecticut 06360
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Norwich, Connecticut 06360.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $13,876 over the lifetime of your mortgage, which translates to a monthly savings of $39 in Norwich and other areas of New London 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.
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Summary of Average Refinances in Norwich, Connecticut 06360
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Norwich, Connecticut 06360
Pureloan has developed an interactive chart to monitor the five largest local lenders in Norwich, CT 06360, 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 Norwich, Connecticut 06360 from 2024 - 2016
The following historical data provides insights into refinancing trends in Norwich, Connecticut and the surrounding New London 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 | 53.01% | 56.09% | 58.04% | 56.91% | 52.46% | 51.37% | 49.39% | 59.99% | |
| avg refi rate | 3.94% | 3.88% | 4.07% | 4.53% | 3.72% | 3.92% | 4.46% | 4.80% | |
| % 15 year fixed refinance | 34.14% | 28.04% | 25.94% | 30.62% | 34.91% | 29.12% | 31.68% | 26.19% | |
| avg refi rate | 3.24% | 3.12% | 3.30% | 3.64% | 2.98% | 3.25% | 3.76% | 4.22% | |
| Avg credit score | 756.95 | 759.34 | 759.43 | 753.30 | 767.17 | 771.08 | 767.40 | 766.88 | |
| Avg LTV (loan to value) | 70.56% | 72.28% | 73.28% | 72.93% | 68.80% | 66.45% | 66.08% | 64.67% | |
| Avg DTI (debt to income) | 31.33 | 30.97 | 30.84 | 31.28 | 28.95 | 28.22 | 28.86 | 28.62 | |
| Avg refinance insurance % | 4.14% | 4.87% | 5.84% | 5.22% | 3.50% | 2.60% | 2.53% | 1.65% |
Best Refinance Brokers around Norwich, Connecticut 06360
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Norwich, Connecticut 06360, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Carrie Szymanski
Officer & Branch Manager
40 High St
Norwich, CT 06360
(800) 377-4424
cszymanski@putnambank.com
David Stone
Commercial Loan Officer
1 Chelsea Sq
Norwich, CT 06360
(860) 823-4826
dstone@chelseagroton.com
Samuel Molina
Mortgage Broker
488 Hammertown Rd
Monroe, CT 06360
(203) 880-9284
samuel.molina@anilom.net
Tom Lutz
Mortgage Banker
39 Main St
Newtown, CT 06360
(203) 426-4440 Ext3914
tlutz@nsbonline.com
William R. Hart
Mortgage Banker
39 Main St
Newtown, CT 06360
(203) 426-4440 Ext3121
bhart@nsbonline.com
Address
40 High St
Norwich, CT
Contact
(800) 377-4424
Fax (301) 639-0804
cszymanski@putnambank.com
Address
1 Chelsea Sq
Norwich, CT
Contact
(860) 823-4826
Fax (301) 639-0804
dstone@chelseagroton.com
Address
488 Hammertown Rd
Monroe, CT
Contact
(203) 880-9284
Fax (301) 639-0804
samuel.molina@anilom.net