Compare Today’s Refinance Rates for Mount Olive, Illinois 62069
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Mount Olive, Illinois 62069.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Mount Olive, Illinois 62069. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,453 or $7 per month in Mount Olive and other parts of Macoupin county.
39.070504
-89.744842
26769
Summary of Average Refinances in Mount Olive, Illinois 62069
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Interactive Refinance Rate Projections for Mount Olive, Illinois 62069
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mount Olive, IL 62069, 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 Mount Olive, Illinois 62069 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mount Olive, Illinois and the surrounding Macoupin 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 | 88.24% | 54.51% | 45.23% | 47.50% | 56.23% | 59.69% | 49.15% | 41.89% | 41.54% |
avg refi rate | 6.40% | 3.93% | 3.01% | 3.23% | 4.19% | 4.50% | 4.02% | 3.82% | 4.00% |
% 15 year fixed refinance | 11.76% | 33.48% | 36.37% | 35.19% | 25.22% | 28.57% | 33.56% | 28.42% | 33.46% |
avg refi rate | 5.94% | 2.94% | 2.38% | 2.65% | 3.64% | 3.96% | 3.26% | 3.00% | 3.16% |
Avg credit score | 739.47 | 736.56 | 753.23 | 761.33 | 752.13 | 792.89 | 745.51 | 752.77 | 753.18 |
Avg LTV (loan to value) | 65.29% | 67.77% | 70.12% | 71.76% | 73.11% | 69.98% | 72.46% | 73.53% | 72.53% |
Avg DTI (debt to income) | 37.41 | 31.35 | 30.48 | 29.95 | 32.02 | 31.13 | 31.42 | 30.92 | 31.10 |
Avg refinance insurance % | 5.29% | 2.15% | 3.11% | 4.19% | 5.27% | 3.16% | 4.30% | 5.43% | 5.01% |
Best Refinance Brokers around Mount Olive, Illinois 62069
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mount Olive, Illinois 62069, we have compiled a list of top refinance brokers to assist you in the process.
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