Compare Today’s Refinance Rates for Park Ridge, Illinois 60068
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Park Ridge, Illinois 60068.
With a 30-year amortization refinance in Park Ridge and surrounding areas of Cook county, our calculations show that you can expect to save up to $22,940 over the lifetime of your mortgage, or a monthly savings of $64. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Park Ridge, Illinois 60068.
Summary of Average Refinances in Park Ridge, Illinois 60068
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Interactive Refinance Rate Projections for Park Ridge, Illinois 60068
Pureloan has developed an interactive chart to monitor the five largest local lenders in Park Ridge, IL 60068, 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 Park Ridge, Illinois 60068 from 2024 - 2016
The following historical data provides insights into refinancing trends in Park Ridge, 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 Park Ridge, Illinois 60068
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Park Ridge, Illinois 60068, we have compiled a list of top refinance brokers to assist you in the process.
Dan Werdell
Loan Officer
506 Higgins Rd Ste Ll
Park Ridge, IL 60068
(847) 232-2723
dan.werdell@guaranteedrate.com
Richard Roller
Mortgage Consultant
104 Main St
Park Ridge, IL 60068
(847) 318-8946
richard.roller@wellsfargo.com
Michael Iacovelli
Mortgage Consultant
104 Main St
Park Ridge, IL 60068
(847) 318-8943
michael.s.iacovelli@wellsfargo.com
ARACELY MARTINS
Mortgage Consultant
104 Main St
Park Ridge, IL 60068
(847) 318-8950
aracely.martins@wellsfargo.com
Alene Guzman
Mortgage Banker
1 S Northwest Hwy
Park Ridge, IL 60068
(184) 751-8721
Alene.Guzman@chase.com
Address
506 Higgins Rd Ste Ll
Park Ridge, IL
Contact
(847) 232-2723
Fax (301) 639-0804
dan.werdell@guaranteedrate.com
Address
104 Main St
Park Ridge, IL
Contact
(847) 318-8946
Fax (301) 639-0804
richard.roller@wellsfargo.com
Address
104 Main St
Park Ridge, IL
Contact
(847) 318-8943
Fax (301) 639-0804
michael.s.iacovelli@wellsfargo.com