Compare Today’s Refinance Rates for Rock Falls, Illinois 61071
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Rock Falls, Illinois 61071.
With a 30-year amortization refinance in Rock Falls and surrounding areas of Whiteside county, our calculations show that you can expect to save up to $3,649 over the lifetime of your mortgage, or a monthly savings of $10. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Rock Falls, Illinois 61071.
Summary of Average Refinances in Rock Falls, Illinois 61071
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Interactive Refinance Rate Projections for Rock Falls, Illinois 61071
Pureloan has developed an interactive chart to monitor the five largest local lenders in Rock Falls, IL 61071, 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 Rock Falls, Illinois 61071 from 2024 - 2016
The following historical data provides insights into refinancing trends in Rock Falls, Illinois and the surrounding Whiteside 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 Rock Falls, Illinois 61071
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Rock Falls, Illinois 61071, we have compiled a list of top refinance brokers to assist you in the process.
Marianne Biggs
Lending Services Administrator
207 W. 21st Street
Rock Falls, IL 61071
(815) 625-1086
mbiggs@1stfarmcredit.com
Dave Abele
Loans officer
207 W. 21st Street
Rock Falls, IL 61071
(815) 625-1086
dabele@1stfarmcredit.com
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61071
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61071
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61071
(815) 312-5820
rlawson@republicmortgage.com
Address
207 W. 21st Street
Rock Falls, IL
Contact
(815) 625-1086
Fax (301) 639-0804
mbiggs@1stfarmcredit.com
Address
207 W. 21st Street
Rock Falls, IL
Contact
(815) 625-1086
Fax (301) 639-0804
dabele@1stfarmcredit.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com