Compare Today’s Refinance Rates for Norris, Illinois 61553
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Norris, Illinois 61553.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,320 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Norris and other areas of Fulton county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Norris, Illinois 61553
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Interactive Refinance Rate Projections for Norris, Illinois 61553
Pureloan has developed an interactive chart to monitor the five largest local lenders in Norris, IL 61553, 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 Norris, Illinois 61553 from 2024 - 2016
The following historical data provides insights into refinancing trends in Norris, Illinois and the surrounding Fulton 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 Norris, Illinois 61553
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Norris, Illinois 61553, we have compiled a list of top refinance brokers to assist you in the process.
Rodney Robenstein
Loans officer
515 E. Courtland St.
Morton, IL 61553
(309) 266-7059
rrobens@1stfarmcredit.com
Seth Lopotko
Mortgage Lender
6699 N Sheridan Rd
Peoria, IL 61553
(309) 683-2305
seth.lopotko@busey.com
MATTHEW WILKERSON
Mortgage Consultant
4700 N Sterling Ave Ste 100
Peoria, IL 61553
(309) 681-3012
matthew.wilkerson@wellsfargo.com
LORI HINES
Mortgage Consultant
4700 N Sterling Ave Ste 100
Peoria, IL 61553
(309) 681-3012
lori.hines@wellsfargo.com
CHRISTOPHER BROADHURST
Mortgage Consultant
4700 N Sterling Ave Ste 100
Peoria, IL 61553
(309) 681-3012
christopher.broadhurst@wellsfargo.com
Address
515 E. Courtland St.
Morton, IL
Contact
(309) 266-7059
Fax (301) 639-0804
rrobens@1stfarmcredit.com
Address
6699 N Sheridan Rd
Peoria, IL
Contact
(309) 683-2305
Fax (301) 639-0804
seth.lopotko@busey.com
Address
4700 N Sterling Ave Ste 100
Peoria, IL
Contact
(309) 681-3012
Fax (301) 639-0804
matthew.wilkerson@wellsfargo.com