Compare Today’s Refinance Rates for Mattoon, Illinois 61938
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Mattoon, Illinois 61938.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Mattoon, Illinois 61938. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,002 or $8 per month in Mattoon and other parts of Coles county.
39.480184
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Summary of Average Refinances in Mattoon, Illinois 61938
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Mattoon, Illinois 61938
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mattoon, IL 61938, 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 Mattoon, Illinois 61938 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mattoon, Illinois and the surrounding Coles 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 | 89.47% | 46.48% | 38.95% | 39.11% | 51.84% | 62.75% | 47.58% | 36.68% | 39.77% |
| avg refi rate | 6.43% | 3.76% | 2.98% | 3.20% | 4.24% | 4.55% | 4.11% | 3.79% | 3.97% |
| % 15 year fixed refinance | 5.26% | 42.61% | 41.58% | 40.96% | 34.36% | 27.45% | 38.29% | 48.49% | 44.32% |
| avg refi rate | 6.50% | 2.81% | 2.40% | 2.63% | 3.55% | 3.84% | 3.26% | 2.95% | 3.07% |
| Avg credit score | 742.84 | 777.14 | 762.58 | 766.15 | 751.47 | 746.37 | 752.87 | 754.41 | 759.78 |
| Avg LTV (loan to value) | 63.00% | 65.68% | 67.49% | 70.61% | 70.17% | 73.75% | 71.90% | 72.44% | 73.51% |
| Avg DTI (debt to income) | 31.32 | 32.20 | 31.42 | 30.69 | 32.02 | 33.93 | 32.35 | 31.75 | 31.77 |
| Avg refinance insurance % | 0.63% | 2.18% | 2.54% | 3.32% | 3.53% | 4.31% | 4.20% | 4.14% | 4.63% |
Best Refinance Brokers around Mattoon, Illinois 61938
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mattoon, Illinois 61938, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Andrew Zavarella
Loan Officer
PO Box 499
Mattoon, IL 61938
(217) 258-0437
AZavarella@firstmid.com
Linda Tillquist
Loan Officer
PO Box 499
Mattoon, IL 61938
(217) 258-0437
LTillquist@firstmid.com
Mitchel Swim
Loan Officer
PO Box 499
Mattoon, IL 61938
(217) 258-0437
MSwim@firstmid.com
Barbara Stonaker
Loan Officer
PO Box 499
Mattoon, IL 61938
(217) 258-0437
BStonaker@firstmid.com
Bradley Pullen
Loan Officer
PO Box 499
Mattoon, IL 61938
(217) 258-0437
BPullen@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
AZavarella@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
LTillquist@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
MSwim@firstmid.com