Compare Today’s Refinance Rates for Monmouth, Illinois 61462
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Monmouth, Illinois 61462.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Monmouth, Illinois 61462. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,038 or $8 per month in Monmouth and other parts of Warren county.
Summary of Average Refinances in Monmouth, Illinois 61462
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Interactive Refinance Rate Projections for Monmouth, Illinois 61462
Pureloan has developed an interactive chart to monitor the five largest local lenders in Monmouth, IL 61462, 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 Monmouth, Illinois 61462 from 2024 - 2016
The following historical data provides insights into refinancing trends in Monmouth, Illinois and the surrounding Warren 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 Monmouth, Illinois 61462
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Monmouth, Illinois 61462, we have compiled a list of top refinance brokers to assist you in the process.
Jamie Johnson
Lending Services Administrator
700 East Jackson
Monmouth, IL 61462
jjohns4@1stfarmcredit.com
Brian Postin
Loans officer
700 East Jackson
Monmouth, IL 61462
(309) 734-8484
bpostin@1stfarmcredit.com
Lance Oetting
Mortgage lender
200 E Broadway
Monmouth, IL 61462
(309) 457-6234
loetting@mbwi.com
Cindy Helvick
Mortgage Loan Originator
200 E Broadway
Monmouth, IL 61462
(309) 341-2274
chelvick@mbwi.com
Kathy Cavanaugh
AVP Residential Lending
200 E Broadway
Monmouth, IL 61462
(309) 457-6231
kcavanaugh@mbwi.com
Address
700 East Jackson
Monmouth, IL
Contact
Fax (301) 639-0804
jjohns4@1stfarmcredit.com
Address
700 East Jackson
Monmouth, IL
Contact
(309) 734-8484
Fax (301) 639-0804
bpostin@1stfarmcredit.com
Address
200 E Broadway
Monmouth, IL
Contact
(309) 457-6234
Fax (301) 639-0804
loetting@mbwi.com