Compare Today’s Refinance Rates for Bloomington, Illinois 61702
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Bloomington, Illinois 61702.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Bloomington, Illinois 61702. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,423 or $18 per month in Bloomington and other parts of Mclean county.
Summary of Average Refinances in Bloomington, Illinois 61702
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Interactive Refinance Rate Projections for Bloomington, Illinois 61702
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bloomington, IL 61702, 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 Bloomington, Illinois 61702 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bloomington, Illinois and the surrounding Mclean 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 | 89.47% | 46.48% | 38.95% | 39.11% | 51.84% | 62.75% | 47.58% | 36.68% | 39.77% |
avg refi rate | 6.43% | 3.76% | 2.98% | 3.20% | 4.24% | 4.55% | 4.11% | 3.79% | 3.97% |
% 15 year fixed refinance | 5.26% | 42.61% | 41.58% | 40.96% | 34.36% | 27.45% | 38.29% | 48.49% | 44.32% |
avg refi rate | 6.50% | 2.81% | 2.40% | 2.63% | 3.55% | 3.84% | 3.26% | 2.95% | 3.07% |
Avg credit score | 742.84 | 777.14 | 762.58 | 766.15 | 751.47 | 746.37 | 752.87 | 754.41 | 759.78 |
Avg LTV (loan to value) | 63.00% | 65.68% | 67.49% | 70.61% | 70.17% | 73.75% | 71.90% | 72.44% | 73.51% |
Avg DTI (debt to income) | 31.32 | 32.20 | 31.42 | 30.69 | 32.02 | 33.93 | 32.35 | 31.75 | 31.77 |
Avg refinance insurance % | 0.63% | 2.18% | 2.54% | 3.32% | 3.53% | 4.31% | 4.20% | 4.14% | 4.63% |
Best Refinance Brokers around Bloomington, Illinois 61702
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bloomington, Illinois 61702, we have compiled a list of top refinance brokers to assist you in the process.
Patrick Brady
Loan Officer Assistant
1801 E Empire St Ste 1
Bloomington, IL 61702
(309) 222-2037
patrick.brady@avenuemortgage.com
Kent Cochrum
Senior Loan Originator and Business Development
1801 E Empire St Ste 1
Bloomington, IL 61702
(309) 222-2037
kent.cochrum@avenuemortgage.com
Kathryn Robin
Loan Specialist
1801 E Empire St Ste 1
Bloomington, IL 61702
(309) 222-2037
kathryn@avenuemortgage.com
Karen Hansen
Loan Officer Assistant
1801 E Empire St Ste 1
Bloomington, IL 61702
(309) 222-2037
karen.hansen@avenuemortgage.com
Jeffrey Mallers
Secondary Marketing & Assistant VP
1801 E Empire St Ste 1
Bloomington, IL 61702
(309) 222-2037
jmallers@avenuemortgage.com
Address
1801 E Empire St Ste 1
Bloomington, IL
Contact
(309) 222-2037
Fax (301) 639-0804
patrick.brady@avenuemortgage.com
Address
1801 E Empire St Ste 1
Bloomington, IL
Contact
(309) 222-2037
Fax (301) 639-0804
kent.cochrum@avenuemortgage.com
Address
1801 E Empire St Ste 1
Bloomington, IL
Contact
(309) 222-2037
Fax (301) 639-0804
kathryn@avenuemortgage.com