Compare Today’s Refinance Rates for Lancaster, Illinois 62855
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Lancaster, Illinois 62855.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Lancaster, Illinois 62855. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,379 or $7 per month in Lancaster and other parts of Wabash county.
Summary of Average Refinances in Lancaster, Illinois 62855
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Interactive Refinance Rate Projections for Lancaster, Illinois 62855
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lancaster, IL 62855, 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 Lancaster, Illinois 62855 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lancaster, Illinois and the surrounding Wabash 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 Lancaster, Illinois 62855
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lancaster, Illinois 62855, we have compiled a list of top refinance brokers to assist you in the process.
Matt Olszewski
Loan officer
520 S 42nd St
Mount Vernon, IL 62855
(800) 554-8969
mOlszewski@peoplesbankdirect.com
Mike Osenglewski
Loan officer
520 S 42nd St
Mount Vernon, IL 62855
(815) 936-7620
mosenglewski@peoplesbankdirect.com
Mimi Barnes
Loan officer
520 S 42nd St
Mount Vernon, IL 62855
(815) 936-7623
mbarnes@peoplesbankdirect.com
Mike Williams
Mortgage Lender
55 North Elm St
Alto Pass, IL 62855
(618) 893-2464
mwilliams@myfsb.com
Steve Thompson
Mortgage Lender
55 North Elm St
Alto Pass, IL 62855
(618) 893-2464
sthompson@myfsb.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(800) 554-8969
Fax (301) 639-0804
mOlszewski@peoplesbankdirect.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(815) 936-7620
Fax (301) 639-0804
mosenglewski@peoplesbankdirect.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(815) 936-7623
Fax (301) 639-0804
mbarnes@peoplesbankdirect.com