Compare Today’s Refinance Rates for Decatur, Illinois 62524
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Decatur, Illinois 62524.
With a 30-year amortization refinance in Decatur and surrounding areas of Macon county, our calculations show that you can expect to save up to $2,819 over the lifetime of your mortgage, or a monthly savings of $8. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Decatur, Illinois 62524.
Summary of Average Refinances in Decatur, Illinois 62524
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Interactive Refinance Rate Projections for Decatur, Illinois 62524
Pureloan has developed an interactive chart to monitor the five largest local lenders in Decatur, IL 62524, 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 Decatur, Illinois 62524 from 2024 - 2016
The following historical data provides insights into refinancing trends in Decatur, Illinois and the surrounding Macon 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 | 42.21% | 43.72% | 37.93% | 49.84% | 40.10% | 40.34% | 38.55% | 54.27% | |
avg refi rate | 3.95% | 3.92% | 4.11% | 4.51% | 3.74% | 3.96% | 4.53% | 4.83% | |
% 15 year fixed refinance | 37.19% | 30.42% | 33.70% | 30.10% | 35.17% | 34.69% | 40.15% | 33.94% | |
avg refi rate | 3.20% | 3.12% | 3.21% | 3.54% | 2.98% | 3.24% | 3.78% | 4.21% | |
Avg credit score | 759.66 | 761.43 | 758.70 | 754.77 | 766.58 | 769.75 | 766.48 | 768.91 | |
Avg LTV (loan to value) | 74.79% | 74.63% | 74.45% | 75.36% | 70.82% | 69.70% | 67.56% | 68.97% | |
Avg DTI (debt to income) | 31.52 | 31.20 | 31.34 | 31.75 | 30.35 | 29.70 | 30.58 | 29.93 | |
Avg refinance insurance % | 5.49% | 5.82% | 5.34% | 5.41% | 3.79% | 2.79% | 2.12% | 2.04% |
Best Refinance Brokers around Decatur, Illinois 62524
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Decatur, Illinois 62524, we have compiled a list of top refinance brokers to assist you in the process.
Jeffrey Tucker
Mortgage Loan Officer
415 E Ash Ave d
Decatur, IL 62524
(217) 875-5870
jeff.tucker@cibbank.com
Jennifer Swinger
Mortgage Lender
350 N Water Street
Decatur, IL 62524
(217) 619-0953
jennifer.swinger@regions.com
Jill Lauchner
Loan Officer
415 E Ash Ave Ste B
Decatur, IL 62524
(618) 692-1558
jill.lauchner@1amllc.com
Melanie Binder
Loan Officer
415 E Ash Ave Ste B
Decatur, IL 62524
(217) 875-5870 Ext205
melanie.binder@1amllc.com
Cindy Shugart
Sr. Loan Officer
415 E Ash Ave Ste B
Decatur, IL 62524
(217) 875-5870 Ext203
cynthia.shugart@1amllc.com
Address
415 E Ash Ave d
Decatur, IL
Contact
(217) 875-5870
Fax (301) 639-0804
jeff.tucker@cibbank.com
Address
350 N Water Street
Decatur, IL
Contact
(217) 619-0953
Fax (301) 639-0804
jennifer.swinger@regions.com
Address
415 E Ash Ave Ste B
Decatur, IL
Contact
(618) 692-1558
Fax (301) 639-0804
jill.lauchner@1amllc.com