Compare Today’s Refinance Rates for Mill Shoals, Illinois 62862
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mill Shoals, Illinois 62862.
With a 30-year amortization refinance in Mill Shoals and surrounding areas of White county, our calculations show that you can expect to save up to $1,012 over the lifetime of your mortgage, or a monthly savings of $3. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mill Shoals, Illinois 62862.
Summary of Average Refinances in Mill Shoals, Illinois 62862
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Interactive Refinance Rate Projections for Mill Shoals, Illinois 62862
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mill Shoals, IL 62862, 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 Mill Shoals, Illinois 62862 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mill Shoals, Illinois and the surrounding White 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 Mill Shoals, Illinois 62862
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mill Shoals, Illinois 62862, we have compiled a list of top refinance brokers to assist you in the process.
Matt Olszewski
Loan officer
520 S 42nd St
Mount Vernon, IL 62862
(800) 554-8969
mOlszewski@peoplesbankdirect.com
Mike Osenglewski
Loan officer
520 S 42nd St
Mount Vernon, IL 62862
(815) 936-7620
mosenglewski@peoplesbankdirect.com
Mimi Barnes
Loan officer
520 S 42nd St
Mount Vernon, IL 62862
(815) 936-7623
mbarnes@peoplesbankdirect.com
Mike Williams
Mortgage Lender
55 North Elm St
Alto Pass, IL 62862
(618) 893-2464
mwilliams@myfsb.com
Steve Thompson
Mortgage Lender
55 North Elm St
Alto Pass, IL 62862
(618) 893-2464
sthompson@myfsb.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(800) 554-8969
Fax (301) 639-0804
mOlszewski@peoplesbankdirect.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(815) 936-7620
Fax (301) 639-0804
mosenglewski@peoplesbankdirect.com
Address
520 S 42nd St
Mount Vernon, IL
Contact
(815) 936-7623
Fax (301) 639-0804
mbarnes@peoplesbankdirect.com