Compare Today’s Refinance Rates for Jacob, Illinois 62950
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Jacob, Illinois 62950.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Jacob, Illinois 62950. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,196 or $6 per month in Jacob and other parts of Jackson county.
Summary of Average Refinances in Jacob, Illinois 62950
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Interactive Refinance Rate Projections for Jacob, Illinois 62950
Pureloan has developed an interactive chart to monitor the five largest local lenders in Jacob, IL 62950, 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 Jacob, Illinois 62950 from 2024 - 2016
The following historical data provides insights into refinancing trends in Jacob, Illinois and the surrounding Jackson 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 Jacob, Illinois 62950
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Jacob, Illinois 62950, we have compiled a list of top refinance brokers to assist you in the process.
Mike Hopkins
Home Loans
300 Tower Square Plz
Marion, IL 62950
(618) 997-4341
mhopkins@bankofmarion.com
Cindy Throgmorton
Commerical Loans
300 Tower Square Plz
Marion, IL 62950
(618) 997-4341
cthrogmorton@bankofmarion.com
Michael Modglin
Mortgage Lenders
1706 West Deyoung St
Marion, IL 62950
(618) 997-4323
michael.modglin@regions.com
Julie Hezel
Sr. Loan Officer
14366 South Outer 40 Rd.
Chesterfield, MO 62950
(618) 616-3534
jhezel09@yahoo.com
Rick Jokerst
Managing Partner
14366 South Outer 40 Rd.
Chesterfield, MO 62950
(314) 787-0292
rick@accesscapitalfunding.com
Address
300 Tower Square Plz
Marion, IL
Contact
(618) 997-4341
Fax (301) 639-0804
mhopkins@bankofmarion.com
Address
300 Tower Square Plz
Marion, IL
Contact
(618) 997-4341
Fax (301) 639-0804
cthrogmorton@bankofmarion.com
Address
1706 West Deyoung St
Marion, IL
Contact
(618) 997-4323
Fax (301) 639-0804
michael.modglin@regions.com