Compare Today’s Refinance Rates for Marion, Illinois 62959
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Marion, Illinois 62959.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Marion, Illinois 62959. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,014 or $11 per month in Marion and other parts of Williamson county.
Summary of Average Refinances in Marion, Illinois 62959
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Interactive Refinance Rate Projections for Marion, Illinois 62959
Pureloan has developed an interactive chart to monitor the five largest local lenders in Marion, IL 62959, 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 Marion, Illinois 62959 from 2024 - 2016
The following historical data provides insights into refinancing trends in Marion, Illinois and the surrounding Williamson 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 Marion, Illinois 62959
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Marion, Illinois 62959, we have compiled a list of top refinance brokers to assist you in the process.
Michael Modglin
Mortgage Lenders
1706 West Deyoung St
Marion, IL 62959
(618) 997-4323
michael.modglin@regions.com
Cindy Throgmorton
Commerical Loans
300 Tower Square Plz
Marion, IL 62959
(618) 997-4341
cthrogmorton@bankofmarion.com
Mike Hopkins
Home Loans
300 Tower Square Plz
Marion, IL 62959
(618) 997-4341
mhopkins@bankofmarion.com
Charlene Johnson
Branch Manager
100 South Oak
Mounds, IL 62959
(618) 745-6873
charlene.johnson@midcountrybank.com
Julie Hezel
Sr. Loan Officer
14366 South Outer 40 Rd.
Chesterfield, MO 62959
(618) 616-3534
jhezel09@yahoo.com
Address
1706 West Deyoung St
Marion, IL
Contact
(618) 997-4323
Fax (301) 639-0804
michael.modglin@regions.com
Address
300 Tower Square Plz
Marion, IL
Contact
(618) 997-4341
Fax (301) 639-0804
cthrogmorton@bankofmarion.com
Address
300 Tower Square Plz
Marion, IL
Contact
(618) 997-4341
Fax (301) 639-0804
mhopkins@bankofmarion.com