Compare Today’s Refinance Rates for Oak Forest, Illinois 60452
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Oak Forest, Illinois 60452.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Oak Forest, Illinois 60452. For 30-year amortization refinancing, you can expect lifetime cash savings of $7,530 or $21 per month in Oak Forest and other parts of Cook county.
Summary of Average Refinances in Oak Forest, Illinois 60452
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Interactive Refinance Rate Projections for Oak Forest, Illinois 60452
Pureloan has developed an interactive chart to monitor the five largest local lenders in Oak Forest, IL 60452, 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 Oak Forest, Illinois 60452 from 2024 - 2016
The following historical data provides insights into refinancing trends in Oak Forest, Illinois and the surrounding Cook 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 | 67.80% | 47.57% | 52.85% | 53.92% | 60.81% | 57.32% | 51.67% | 56.95% | 55.38% |
avg refi rate | 6.39% | 3.50% | 2.96% | 3.26% | 4.11% | 4.50% | 4.06% | 3.84% | 4.04% |
% 15 year fixed refinance | 20.34% | 36.49% | 30.40% | 29.04% | 24.87% | 31.45% | 36.24% | 30.21% | 31.03% |
avg refi rate | 5.62% | 2.67% | 2.42% | 2.77% | 3.56% | 3.83% | 3.25% | 3.09% | 3.25% |
Avg credit score | 749.39 | 756.47 | 766.07 | 769.86 | 760.35 | 753.65 | 757.72 | 762.30 | 761.35 |
Avg LTV (loan to value) | 60.42% | 63.24% | 66.82% | 68.79% | 71.17% | 68.06% | 69.36% | 69.49% | 69.88% |
Avg DTI (debt to income) | 36.63 | 34.29 | 32.36 | 31.70 | 34.13 | 35.05 | 34.12 | 32.90 | 33.11 |
Avg refinance insurance % | 1.73% | 1.20% | 2.31% | 3.01% | 4.54% | 3.01% | 3.51% | 3.24% | 3.85% |
Best Refinance Brokers around Oak Forest, Illinois 60452
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Oak Forest, Illinois 60452, we have compiled a list of top refinance brokers to assist you in the process.
Kathryn Siano
Mortgage Loan Originator
15000 South Cicero Avenue Suite 100
Oak Forest , IL 60452
(708) 687-5800
ksiano@republicmortgage.com
Nicole Lambros
Branch Manager
15000 South Cicero Avenue Suite 100
Oak Forest , IL 60452
(708) 687-5800
nlambros@republicmortgage.com
JAMES POUEYMIROU
Mortgage Consultant
4817 W 95th St
Oak Lawn, IL 60452
(708) 229-3024
james.poueymirou@wellsfargo.com
WILLIAM HARRIS
Mortgage Consultant
4817 W 95th St
Oak Lawn, IL 60452
(708) 229-3024
william.harris@wellsfargo.com
CARL PATTILLO
Mortgage Consultant
4817 W 95th St
Oak Lawn, IL 60452
(708) 229-3024
carl.pattillo@wellsfargo.com
Address
15000 South Cicero Avenue Suite 100
Oak Forest , IL
Contact
(708) 687-5800
Fax (301) 639-0804
ksiano@republicmortgage.com
Address
15000 South Cicero Avenue Suite 100
Oak Forest , IL
Contact
(708) 687-5800
Fax (301) 639-0804
nlambros@republicmortgage.com
Address
4817 W 95th St
Oak Lawn, IL
Contact
(708) 229-3024
Fax (301) 639-0804
james.poueymirou@wellsfargo.com