Compare Today’s Refinance Rates for Lockport, Illinois 60441
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lockport, Illinois 60441.
With a 30-year amortization refinance in Lockport and surrounding areas of Will county, our calculations show that you can expect to save up to $4,548 over the lifetime of your mortgage, or a monthly savings of $13. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Lockport, Illinois 60441.
Summary of Average Refinances in Lockport, Illinois 60441
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Interactive Refinance Rate Projections for Lockport, Illinois 60441
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lockport, IL 60441, 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 Lockport, Illinois 60441 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lockport, Illinois and the surrounding Will 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 Lockport, Illinois 60441
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lockport, Illinois 60441, we have compiled a list of top refinance brokers to assist you in the process.
Marisa Gallian
Mortgage Loan Officer
16622 W. 159th Street Unit 501
Lockport, IL 60441
(800) 464-2484
marisa.gallian@prospectmtg.com
Greg Stech
Mortgage Loan Officer
16622 W. 159th Street Unit 501
Lockport, IL 60441
(800) 464-2484
greg.stech@prospectmtg.com
Chuck Passi
Mortgage Loan Officer
16622 W. 159th Street Unit 501
Lockport, IL 60441
(800) 464-2484
chuck.passi@prospectmtg.com
Pete Ferrara
Loan Officer
16622 W. 159th Street Unit 501
Lockport, IL 60441
pete.ferrara@prospectmtg.com
Mark Boehm
Loan Officer
16622 W. 159th Street Unit 501
Lockport, IL 60441
mark.boehm@prospectmtg.com
Address
16622 W. 159th Street Unit 501
Lockport, IL
Contact
(800) 464-2484
Fax (301) 639-0804
marisa.gallian@prospectmtg.com
Address
16622 W. 159th Street Unit 501
Lockport, IL
Contact
(800) 464-2484
Fax (301) 639-0804
greg.stech@prospectmtg.com
Address
16622 W. 159th Street Unit 501
Lockport, IL
Contact
(800) 464-2484
Fax (301) 639-0804
chuck.passi@prospectmtg.com