Compare Today’s Refinance Rates for Rochelle, Illinois 61068
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Rochelle, Illinois 61068.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,014 over the lifetime of your mortgage, which translates to a monthly savings of $11 in Rochelle and other areas of Ogle 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 Rochelle, Illinois 61068
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Interactive Refinance Rate Projections for Rochelle, Illinois 61068
Pureloan has developed an interactive chart to monitor the five largest local lenders in Rochelle, IL 61068, 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 Rochelle, Illinois 61068 from 2024 - 2016
The following historical data provides insights into refinancing trends in Rochelle, Illinois and the surrounding Ogle 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 Rochelle, Illinois 61068
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Rochelle, Illinois 61068, we have compiled a list of top refinance brokers to assist you in the process.
Dave Abele
Loans officer
207 W. 21st Street
Rock Falls, IL 61068
(815) 625-1086
dabele@1stfarmcredit.com
Marianne Biggs
Lending Services Administrator
207 W. 21st Street
Rock Falls, IL 61068
(815) 625-1086
mbiggs@1stfarmcredit.com
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61068
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61068
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61068
(815) 312-5820
rlawson@republicmortgage.com
Address
207 W. 21st Street
Rock Falls, IL
Contact
(815) 625-1086
Fax (301) 639-0804
dabele@1stfarmcredit.com
Address
207 W. 21st Street
Rock Falls, IL
Contact
(815) 625-1086
Fax (301) 639-0804
mbiggs@1stfarmcredit.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com