Compare Today’s Refinance Rates for Palatine, Illinois 60067
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Palatine, Illinois 60067.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Palatine, Illinois 60067. For 30-year amortization refinancing, you can expect lifetime cash savings of $9,914 or $28 per month in Palatine and other parts of Cook county.
Summary of Average Refinances in Palatine, Illinois 60067
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Interactive Refinance Rate Projections for Palatine, Illinois 60067
Pureloan has developed an interactive chart to monitor the five largest local lenders in Palatine, IL 60067, 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 Palatine, Illinois 60067 from 2024 - 2016
The following historical data provides insights into refinancing trends in Palatine, 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 Palatine, Illinois 60067
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Palatine, Illinois 60067, we have compiled a list of top refinance brokers to assist you in the process.
Matthew Walther
Loan Officer
800 E Northwest Hwyste 100
Palatine, IL 60067
(847) 776-7080
mattwalther@guaranteedrate.com
Don Prell
President
201 E Dundee Rd Ste 1
Palatine, IL 60067
(888) 234-2440 Ext221
dprell@sterlinghomemortgage.com
John Gillett
Loan Officer
1 W Northwest Hwy
Palatine, IL 60067
(847) 382-8220
jcg@barringtonmortgage.com
Dan Link
Loan Officer
1 W Northwest Hwy
Palatine, IL 60067
(847) 382-8220
dlink@barringtonmortgage.com
Richard Koros
Loan Officer
825 W Euclid Ave
Palatine, IL 60067
(847) 925-1291
Richard.J.Koros@chase.com
Address
800 E Northwest Hwyste 100
Palatine, IL
Contact
(847) 776-7080
Fax (301) 639-0804
mattwalther@guaranteedrate.com
Address
201 E Dundee Rd Ste 1
Palatine, IL
Contact
(888) 234-2440 Ext221
Fax (301) 639-0804
dprell@sterlinghomemortgage.com
Address
1 W Northwest Hwy
Palatine, IL
Contact
(847) 382-8220
Fax (301) 639-0804
jcg@barringtonmortgage.com