Compare Today’s Refinance Rates for Redmon, Illinois 61949
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Redmon, Illinois 61949.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,306 over the lifetime of your mortgage, which translates to a monthly savings of $6 in Redmon and other areas of Edgar 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 Redmon, Illinois 61949
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Interactive Refinance Rate Projections for Redmon, Illinois 61949
Pureloan has developed an interactive chart to monitor the five largest local lenders in Redmon, IL 61949, 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 Redmon, Illinois 61949 from 2024 - 2016
The following historical data provides insights into refinancing trends in Redmon, Illinois and the surrounding Edgar 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 | 89.47% | 46.48% | 38.95% | 39.11% | 51.84% | 62.75% | 47.58% | 36.68% | 39.77% |
avg refi rate | 6.43% | 3.76% | 2.98% | 3.20% | 4.24% | 4.55% | 4.11% | 3.79% | 3.97% |
% 15 year fixed refinance | 5.26% | 42.61% | 41.58% | 40.96% | 34.36% | 27.45% | 38.29% | 48.49% | 44.32% |
avg refi rate | 6.50% | 2.81% | 2.40% | 2.63% | 3.55% | 3.84% | 3.26% | 2.95% | 3.07% |
Avg credit score | 742.84 | 777.14 | 762.58 | 766.15 | 751.47 | 746.37 | 752.87 | 754.41 | 759.78 |
Avg LTV (loan to value) | 63.00% | 65.68% | 67.49% | 70.61% | 70.17% | 73.75% | 71.90% | 72.44% | 73.51% |
Avg DTI (debt to income) | 31.32 | 32.20 | 31.42 | 30.69 | 32.02 | 33.93 | 32.35 | 31.75 | 31.77 |
Avg refinance insurance % | 0.63% | 2.18% | 2.54% | 3.32% | 3.53% | 4.31% | 4.20% | 4.14% | 4.63% |
Best Refinance Brokers around Redmon, Illinois 61949
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Redmon, Illinois 61949, we have compiled a list of top refinance brokers to assist you in the process.
Tonja Arthur
Loan Officer
PO Box 499
Mattoon, IL 61949
(217) 258-0437
TArthur@firstmid.com
Cassandra Fisher
Loan Officer
PO Box 499
Mattoon, IL 61949
(217) 258-0437
CFisher@firstmid.com
Michelle Hoffman
Loan Officer
PO Box 499
Mattoon, IL 61949
(217) 258-0437
MHoffman@firstmid.com
John Johannes
Loan Officer
PO Box 499
Mattoon, IL 61949
(217) 258-0437
JJohannes@firstmid.com
Pamela Koss
Loan Officer
PO Box 499
Mattoon, IL 61949
(217) 258-0437
PKoss@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
TArthur@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
CFisher@firstmid.com
Address
PO Box 499
Mattoon, IL
Contact
(217) 258-0437
Fax (301) 639-0804
MHoffman@firstmid.com