Compare Today’s Refinance Rates for Menard, Illinois 62259
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Menard, Illinois 62259.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Menard, Illinois 62259. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,636 or $7 per month in Menard and other parts of Randolph county.
Summary of Average Refinances in Menard, Illinois 62259
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Interactive Refinance Rate Projections for Menard, Illinois 62259
Pureloan has developed an interactive chart to monitor the five largest local lenders in Menard, IL 62259, 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 Menard, Illinois 62259 from 2024 - 2016
The following historical data provides insights into refinancing trends in Menard, Illinois and the surrounding Randolph 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 Menard, Illinois 62259
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Menard, Illinois 62259, we have compiled a list of top refinance brokers to assist you in the process.
Jim Carlson
Loan Officer
14 E Hanover St
New Baden, IL 62259
(618) 588-3511
jcarlson@fcbbanks.com
Kevin Kohlbrecher
Loan Officer
14 E Hanover St
New Baden, IL 62259
(618) 588-3511
kkohlbrecher@fcbbanks.com
Jim Kreke
Loan Officer
14 E Hanover St
New Baden, IL 62259
(618) 588-3511
jkreke@fcbbanks.com
Brad Haar
Loan Officer
14 E Hanover St
New Baden, IL 62259
(618) 588-3511
bhaar@fcbbanks.com
Tom Reay
Loan Officer
1501 W US Highway 50
O Fallon, IL 62259
(618) 622-9090
treay@fcbbanks.com
Address
14 E Hanover St
New Baden, IL
Contact
(618) 588-3511
Fax (301) 639-0804
jcarlson@fcbbanks.com
Address
14 E Hanover St
New Baden, IL
Contact
(618) 588-3511
Fax (301) 639-0804
kkohlbrecher@fcbbanks.com
Address
14 E Hanover St
New Baden, IL
Contact
(618) 588-3511
Fax (301) 639-0804
jkreke@fcbbanks.com