Compare Today’s Refinance Rates for Colchester, Illinois 62326
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Colchester, Illinois 62326.
With a 30-year amortization refinance in Colchester and surrounding areas of Mcdonough county, our calculations show that you can expect to save up to $2,123 over the lifetime of your mortgage, or a monthly savings of $6. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Colchester, Illinois 62326.
Summary of Average Refinances in Colchester, Illinois 62326
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Interactive Refinance Rate Projections for Colchester, Illinois 62326
Pureloan has developed an interactive chart to monitor the five largest local lenders in Colchester, IL 62326, 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 Colchester, Illinois 62326 from 2024 - 2016
The following historical data provides insights into refinancing trends in Colchester, Illinois and the surrounding Mcdonough 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% | 40.00% | 45.83% | 44.44% | 41.11% | 38.03% | 28.33% | 27.21% | |
| avg refi rate | 4.11% | 3.74% | 3.90% | 4.45% | 3.42% | 3.83% | 4.41% | 4.77% | |
| % 15 year fixed refinance | 28.57% | 52.00% | 33.33% | 38.89% | 41.11% | 42.96% | 49.17% | 47.06% | |
| avg refi rate | 3.13% | 3.04% | 2.97% | 3.46% | 2.77% | 3.08% | 3.59% | 4.11% | |
| Avg credit score | 726.43 | 741.36 | 750.58 | 721.78 | 761.51 | 764.54 | 767.75 | 772.63 | |
| Avg LTV (loan to value) | 71.43% | 74.08% | 73.04% | 67.22% | 69.30% | 67.25% | 66.97% | 64.72% | |
| Avg DTI (debt to income) | 29.79 | 31.44 | 30.04 | 32.94 | 31.11 | 29.46 | 29.66 | 28.21 | |
| Avg refinance insurance % | 2.57% | 6.52% | 2.58% | 0.67% | 3.67% | 2.45% | 1.41% | 1.13% |
Best Refinance Brokers around Colchester, Illinois 62326
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Colchester, Illinois 62326, we have compiled a list of top refinance brokers to assist you in the process.
Nathan Frese
Mortgage Loan Officer
1132 Broadway St # 305
Quincy, IL 62326
(217) 223-7100
nfrese@bankofquincy.com
Mike Smith
Mortgage Loan Officer
1132 Broadway St # 305
Quincy, IL 62326
(217) 223-7100
msmith@bankofquincy.com
Michelle MIller
Mortgage Loan Officer
1132 Broadway St # 305
Quincy, IL 62326
(217) 223-7100
mmiller@bankofquincy.com
Troy Kemp
Commercial Loan Officer
1132 Broadway St # 305
Quincy, IL 62326
(217) 223-7100
tkemp@bankofquincy.com
Marcia Hardin
Commercial Loan Officer
1132 Broadway St # 305
Quincy, IL 62326
(217) 223-7100
mhardin@bankofquincy.com
Address
1132 Broadway St # 305
Quincy, IL
Contact
(217) 223-7100
Fax (301) 639-0804
nfrese@bankofquincy.com
Address
1132 Broadway St # 305
Quincy, IL
Contact
(217) 223-7100
Fax (301) 639-0804
msmith@bankofquincy.com
Address
1132 Broadway St # 305
Quincy, IL
Contact
(217) 223-7100
Fax (301) 639-0804
mmiller@bankofquincy.com