Compare Today’s Refinance Rates for Mc Connell, Illinois 61050
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Mc Connell, Illinois 61050.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Mc Connell, Illinois 61050. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,065 or $9 per month in Mc Connell and other parts of Stephenson county.
Summary of Average Refinances in Mc Connell, Illinois 61050
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Interactive Refinance Rate Projections for Mc Connell, Illinois 61050
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mc Connell, IL 61050, 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 Mc Connell, Illinois 61050 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mc Connell, Illinois and the surrounding Stephenson 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 Mc Connell, Illinois 61050
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mc Connell, Illinois 61050, we have compiled a list of top refinance brokers to assist you in the process.
Christy Eastman
Loan Officer
18 W Main St
Mount Morris, IL 61050
(815) 734-6051
ceastman@sterlingfederal.com
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61050
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61050
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61050
(815) 312-5820
rlawson@republicmortgage.com
Robin Palmer
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61050
(815) 332-8865
robinp@stillmanbank.com
Address
18 W Main St
Mount Morris, IL
Contact
(815) 734-6051
Fax (301) 639-0804
ceastman@sterlingfederal.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com
Address
6000 E State St
Rockford, IL
Contact
(815) 394-4649
Fax (301) 639-0804
George.B.Pleshkewych@chase.com