Compare Today’s Refinance Rates for Lake Forest, Illinois 60045
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Lake Forest, Illinois 60045.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Lake Forest, Illinois 60045. For 30-year amortization refinancing, you can expect lifetime cash savings of $11,078 or $31 per month in Lake Forest and other parts of Lake county.
Summary of Average Refinances in Lake Forest, Illinois 60045
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Interactive Refinance Rate Projections for Lake Forest, Illinois 60045
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lake Forest, IL 60045, 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 Lake Forest, Illinois 60045 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lake Forest, Illinois and the surrounding Lake 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 | 67.80% | 47.57% | 52.85% | 53.92% | 60.81% | 57.32% | 51.67% | 56.95% | 55.38% |
| avg refi rate | 6.39% | 3.50% | 2.96% | 3.26% | 4.11% | 4.50% | 4.06% | 3.84% | 4.04% |
| % 15 year fixed refinance | 20.34% | 36.49% | 30.40% | 29.04% | 24.87% | 31.45% | 36.24% | 30.21% | 31.03% |
| avg refi rate | 5.62% | 2.67% | 2.42% | 2.77% | 3.56% | 3.83% | 3.25% | 3.09% | 3.25% |
| Avg credit score | 749.39 | 756.47 | 766.07 | 769.86 | 760.35 | 753.65 | 757.72 | 762.30 | 761.35 |
| Avg LTV (loan to value) | 60.42% | 63.24% | 66.82% | 68.79% | 71.17% | 68.06% | 69.36% | 69.49% | 69.88% |
| Avg DTI (debt to income) | 36.63 | 34.29 | 32.36 | 31.70 | 34.13 | 35.05 | 34.12 | 32.90 | 33.11 |
| Avg refinance insurance % | 1.73% | 1.20% | 2.31% | 3.01% | 4.54% | 3.01% | 3.51% | 3.24% | 3.85% |
Best Refinance Brokers around Lake Forest, Illinois 60045
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lake Forest, Illinois 60045, we have compiled a list of top refinance brokers to assist you in the process.
Michael OConnor
Senior Mortgage Banker
920 S Waukegan Rd
Lake Forest, IL 60045
(877) 448-6500
moconnor@theprivatebank.com
Jeremy Woods
Senior Mortgage Banker
920 S Waukegan Rd
Lake Forest, IL 60045
(877) 448-6500
jwoods@theprivatebank.com
Tom Stotter
Senior Mortgage Banker
920 S Waukegan Rd
Lake Forest, IL 60045
(877) 448-6500
tstotter@theprivatebank.com
Brian Fishman
Senior Mortgage Banker
920 S Waukegan Rd
Lake Forest, IL 60045
(877) 448-6500
bfishman@theprivatebank.com
Mark Bechtold
Mortgage Banker
920 S Waukegan Rd
Lake Forest, IL 60045
(847) 615-6274
mbechtold@theprivatebank.com
Address
920 S Waukegan Rd
Lake Forest, IL
Contact
(877) 448-6500
Fax (301) 639-0804
moconnor@theprivatebank.com
Address
920 S Waukegan Rd
Lake Forest, IL
Contact
(877) 448-6500
Fax (301) 639-0804
jwoods@theprivatebank.com
Address
920 S Waukegan Rd
Lake Forest, IL
Contact
(877) 448-6500
Fax (301) 639-0804
tstotter@theprivatebank.com