Compare Today’s Refinance Rates for Reddick, Illinois 60961
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Reddick, Illinois 60961.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Reddick, Illinois 60961. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,379 or $12 per month in Reddick and other parts of Kankakee county.
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Summary of Average Refinances in Reddick, Illinois 60961
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Reddick, Illinois 60961
Pureloan has developed an interactive chart to monitor the five largest local lenders in Reddick, IL 60961, 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 Reddick, Illinois 60961 from 2024 - 2016
The following historical data provides insights into refinancing trends in Reddick, Illinois and the surrounding Kankakee 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 | 100.00% | 52.88% | 44.14% | 40.68% | 53.45% | 48.75% | 39.34% | 33.17% | 30.98% |
| avg refi rate | 6.37% | 3.74% | 3.04% | 3.27% | 4.35% | 4.52% | 4.11% | 3.84% | 3.93% |
| % 15 year fixed refinance | 29.81% | 37.12% | 38.79% | 30.17% | 35.00% | 42.62% | 40.70% | 52.17% | |
| avg refi rate | 2.78% | 2.55% | 2.76% | 3.85% | 3.99% | 3.28% | 2.98% | 3.02% | |
| Avg credit score | 718.00 | 736.60 | 746.15 | 758.69 | 748.22 | 742.88 | 743.68 | 756.47 | 753.63 |
| Avg LTV (loan to value) | 67.00% | 66.78% | 71.50% | 73.03% | 72.83% | 69.91% | 72.62% | 74.20% | 71.99% |
| Avg DTI (debt to income) | 28.00 | 33.07 | 32.51 | 31.36 | 31.98 | 33.61 | 32.36 | 30.83 | 31.18 |
| Avg refinance insurance % | 2.36% | 3.16% | 4.82% | 4.78% | 4.04% | 4.41% | 4.19% | 4.21% |
Best Refinance Brokers around Reddick, Illinois 60961
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Reddick, Illinois 60961, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Rhonda Hambley
Mortgage Loan Officers
200 N Walnut St
Byron, IL 60961
(815) 234-6108
Rhonda@byronbank.com
Leah Kays
Mortgage Loan Officers
200 N Walnut St
Byron, IL 60961
(815) 323-1452
Leah@byronbank.com
Neal Pavlus
Mortgage Loan Officers
200 N Walnut St
Byron, IL 60961
(815) 234-6045
npavlus@byronbank.com
Kris Proudfoot
Mortgage Loan Officers
200 N Walnut St
Byron, IL 60961
(815) 234-6115
kproudfoot@byronbank.com
Brian Stukenberg
Mortgage Loan Officers
200 N Walnut St
Byron, IL 60961
(815) 234-6102
Brian@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 234-6108
Fax (301) 639-0804
Rhonda@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 323-1452
Fax (301) 639-0804
Leah@byronbank.com
Address
200 N Walnut St
Byron, IL
Contact
(815) 234-6045
Fax (301) 639-0804
npavlus@byronbank.com