Compare Today’s Refinance Rates for Davis, Illinois 61019
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Davis, Illinois 61019.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,838 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Davis and other areas of Stephenson 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 Davis, Illinois 61019
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Interactive Refinance Rate Projections for Davis, Illinois 61019
Pureloan has developed an interactive chart to monitor the five largest local lenders in Davis, IL 61019, 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 Davis, Illinois 61019 from 2024 - 2016
The following historical data provides insights into refinancing trends in Davis, Illinois and the surrounding Stephenson 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 Davis, Illinois 61019
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Davis, Illinois 61019, we have compiled a list of top refinance brokers to assist you in the process.
Rhonda Hambley
Mortgage Loan Officers
200 N Walnut St
Byron, IL 61019
(815) 234-6108
Rhonda@byronbank.com
Leah Kays
Mortgage Loan Officers
200 N Walnut St
Byron, IL 61019
(815) 323-1452
Leah@byronbank.com
Neal Pavlus
Mortgage Loan Officers
200 N Walnut St
Byron, IL 61019
(815) 234-6045
npavlus@byronbank.com
Kris Proudfoot
Mortgage Loan Officers
200 N Walnut St
Byron, IL 61019
(815) 234-6115
kproudfoot@byronbank.com
Brian Stukenberg
Mortgage Loan Officers
200 N Walnut St
Byron, IL 61019
(815) 234-6102
Brian@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 234-6108
Fax (301) 639-0804
Rhonda@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 323-1452
Fax (301) 639-0804
Leah@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 234-6045
Fax (301) 639-0804
npavlus@byronbank.com