Compare Today’s Refinance Rates for Oakland, Illinois 61943
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Oakland, Illinois 61943.
With a 30-year amortization refinance in Oakland and surrounding areas of Coles county, our calculations show that you can expect to save up to $3,393 over the lifetime of your mortgage, or a monthly savings of $9. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Oakland, Illinois 61943.
Summary of Average Refinances in Oakland, Illinois 61943
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Interactive Refinance Rate Projections for Oakland, Illinois 61943
Pureloan has developed an interactive chart to monitor the five largest local lenders in Oakland, IL 61943, 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 Oakland, Illinois 61943 from 2024 - 2016
The following historical data provides insights into refinancing trends in Oakland, Illinois and the surrounding Coles 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 Oakland, Illinois 61943
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Oakland, Illinois 61943, we have compiled a list of top refinance brokers to assist you in the process.
Tonja Arthur
Loan Officer
PO Box 499
Mattoon, IL 61943
(217) 258-0437
TArthur@firstmid.com
Cassandra Fisher
Loan Officer
PO Box 499
Mattoon, IL 61943
(217) 258-0437
CFisher@firstmid.com
Michelle Hoffman
Loan Officer
PO Box 499
Mattoon, IL 61943
(217) 258-0437
MHoffman@firstmid.com
John Johannes
Loan Officer
PO Box 499
Mattoon, IL 61943
(217) 258-0437
JJohannes@firstmid.com
Pamela Koss
Loan Officer
PO Box 499
Mattoon, IL 61943
(217) 258-0437
PKoss@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
TArthur@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
CFisher@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
MHoffman@firstmid.com