Compare Today’s Refinance Rates for Macon, Illinois 62544
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Macon, Illinois 62544.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,649 over the lifetime of your mortgage, which translates to a monthly savings of $10 in Macon and other areas of Macon county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Macon, Illinois 62544
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Interactive Refinance Rate Projections for Macon, Illinois 62544
Pureloan has developed an interactive chart to monitor the five largest local lenders in Macon, IL 62544, 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 Macon, Illinois 62544 from 2024 - 2016
The following historical data provides insights into refinancing trends in Macon, 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 Macon, Illinois 62544
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Macon, Illinois 62544, we have compiled a list of top refinance brokers to assist you in the process.
Dara Gray
Mortgage Consultant
340 W Main St
Mt Zion, IL 62544
(217) 864-2353
dgray@psbank.net
Matt Danbury
Mortgage Lender
130 N Water St
Decatur, IL 62544
(217) 425-8292
matt.danbury@busey.com
Sherry Cool
Loan Officer
225 N Water St Ste 102
Decatur, IL 62544
(217) 872-6272
sherry.cool@hickorypointbank.com
Malissa Munsterman
Loan Officer
225 N Water St Ste 102
Decatur, IL 62544
(217) 872-3957
malissa.munsterman@hickorypointbank.com
Dennis Warner
Mortgage Lender
2505 N Water St
Decatur, IL 62544
(217) 425-8329
dennis.warner@busey.com
Address
340 W Main St
Mt Zion, IL
Contact
(217) 864-2353
Fax (301) 639-0804
dgray@psbank.net
Address
130 N Water St
Decatur, IL
Contact
(217) 425-8292
Fax (301) 639-0804
matt.danbury@busey.com
Address
225 N Water St Ste 102
Decatur, IL
Contact
(217) 872-6272
Fax (301) 639-0804
sherry.cool@hickorypointbank.com