Compare Today’s Refinance Rates for Palos Heights, Illinois 60463
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Palos Heights, Illinois 60463.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,221 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Palos Heights and other areas of Cook 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 Palos Heights, Illinois 60463
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Interactive Refinance Rate Projections for Palos Heights, Illinois 60463
Pureloan has developed an interactive chart to monitor the five largest local lenders in Palos Heights, IL 60463, 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 Palos Heights, Illinois 60463 from 2024 - 2016
The following historical data provides insights into refinancing trends in Palos Heights, 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 Palos Heights, Illinois 60463
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Palos Heights, Illinois 60463, we have compiled a list of top refinance brokers to assist you in the process.
Dan Rogers
Loan Officer
7808 W College Dr Ste 2E
Palos Heights, IL 60463
(708) 430-0300
drogers@guaranteedrate.com
Chris Alsip
Mortgage Loans Officers
9612 W 143rd St
Orland Park, IL 60463
(773) 476-5110
calsip@emarquettebank.com
Michelle Donnahue
Loan Officer
15100 S La Grange Rd
Orland Park, IL 60463
(708) 873-1513
Michelle.M.Donnahue@chase.com
Brian Masterson
Mortgage Banker
15630 S Harlem Ave Fl 01
Orland Park, IL 60463
(170) 834-9250
Brian.Masterson@chase.com
WILLIAM WESLEY
Mortgage Consultant
9169 W 151st St
Orland Park, IL 60463
(708) 226-7405
william.wesley@wellsfargo.com
Address
7808 W College Dr Ste 2E
Palos Heights, IL
Contact
(708) 430-0300
Fax (301) 639-0804
drogers@guaranteedrate.com
Address
9612 W 143rd St
Orland Park, IL
Contact
(773) 476-5110
Fax (301) 639-0804
calsip@emarquettebank.com
Address
15100 S La Grange Rd
Orland Park, IL
Contact
(708) 873-1513
Fax (301) 639-0804
Michelle.M.Donnahue@chase.com