Compare Today’s Refinance Rates for Red Bud, Illinois 62278
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Red Bud, Illinois 62278.
With a 30-year amortization refinance in Red Bud and surrounding areas of Randolph county, our calculations show that you can expect to save up to $6,423 over the lifetime of your mortgage, or a monthly savings of $18. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Red Bud, Illinois 62278.
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Summary of Average Refinances in Red Bud, Illinois 62278
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Red Bud, Illinois 62278
Pureloan has developed an interactive chart to monitor the five largest local lenders in Red Bud, IL 62278, 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 Red Bud, Illinois 62278 from 2024 - 2016
The following historical data provides insights into refinancing trends in Red Bud, Illinois and the surrounding Randolph 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 | 42.21% | 43.72% | 37.93% | 49.84% | 40.10% | 40.34% | 38.55% | 54.27% | |
| avg refi rate | 3.95% | 3.92% | 4.11% | 4.51% | 3.74% | 3.96% | 4.53% | 4.83% | |
| % 15 year fixed refinance | 37.19% | 30.42% | 33.70% | 30.10% | 35.17% | 34.69% | 40.15% | 33.94% | |
| avg refi rate | 3.20% | 3.12% | 3.21% | 3.54% | 2.98% | 3.24% | 3.78% | 4.21% | |
| Avg credit score | 759.66 | 761.43 | 758.70 | 754.77 | 766.58 | 769.75 | 766.48 | 768.91 | |
| Avg LTV (loan to value) | 74.79% | 74.63% | 74.45% | 75.36% | 70.82% | 69.70% | 67.56% | 68.97% | |
| Avg DTI (debt to income) | 31.52 | 31.20 | 31.34 | 31.75 | 30.35 | 29.70 | 30.58 | 29.93 | |
| Avg refinance insurance % | 5.49% | 5.82% | 5.34% | 5.41% | 3.79% | 2.79% | 2.12% | 2.04% |
Best Refinance Brokers around Red Bud, Illinois 62278
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Red Bud, Illinois 62278, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Janis Wolters
Loan Officer
319 W Broadway
Steeleville, IL 62278
(618) 965-3441
jwolters@bankatfnb.com
Bill Robb
Loan Officer
319 W Broadway
Steeleville, IL 62278
(618) 965-3441
bill.robb@bankatfnb.com
Ken Knop
Loan Officer
319 W Broadway
Steeleville, IL 62278
(618) 965-3441
kknop@bankatfnb.com
Bruce Uchtman
Loan Officer
319 W Broadway
Steeleville, IL 62278
(618) 965-3441
buchtman@bankatfnb.com
Klay Tiemann
Loan Officer
319 W Broadway
Steeleville, IL 62278
(618) 965-3441
ktiemann@bankatfnb.com
Address
319 W Broadway
Steeleville, IL
Contact
(618) 965-3441
Fax (301) 639-0804
jwolters@bankatfnb.com
Address
319 W Broadway
Steeleville, IL
Contact
(618) 965-3441
Fax (301) 639-0804
bill.robb@bankatfnb.com
Address
319 W Broadway
Steeleville, IL
Contact
(618) 965-3441
Fax (301) 639-0804
kknop@bankatfnb.com