Compare Today’s Refinance Rates for Rockford, Illinois 61106
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Rockford, Illinois 61106.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,539 over the lifetime of your mortgage, which translates to a monthly savings of $10 in Rockford and other areas of Winnebago 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 Rockford, Illinois 61106
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Interactive Refinance Rate Projections for Rockford, Illinois 61106
Pureloan has developed an interactive chart to monitor the five largest local lenders in Rockford, IL 61106, 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 Rockford, Illinois 61106 from 2024 - 2016
The following historical data provides insights into refinancing trends in Rockford, Illinois and the surrounding Winnebago 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 Rockford, Illinois 61106
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Rockford, Illinois 61106, we have compiled a list of top refinance brokers to assist you in the process.
Branden Jackson
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61106
(815) 332-8842
brandenj@stillmanbank.com
Rob Gillette
Vice President, Relationship Manager
3106 N. Rockton Avenue
Rockford, IL 61106
(815) 986-4917
rgillette@nwbrockford.com
Amy Bruscato
Vice President, Mortgage Banking Leader
3106 N. Rockton Avenue
Rockford, IL 61106
(815) 713-2205
abruscato@nwbrockford.com
JT Quillen
Vice President of Retail Banking
3106 N. Rockton Avenue
Rockford, IL 61106
(815) 489-1717
jquillen@nwbrockford.com
Linda Heckert
Senior Vice President, Director of Business Banking
3106 N. Rockton Avenue
Rockford, IL 61106
(815) 489-1929
lheckert@nwbrockford.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8842
Fax (301) 639-0804
brandenj@stillmanbank.com
Address
3106 N. Rockton Avenue
Rockford, IL
Contact
(815) 986-4917
Fax (301) 639-0804
rgillette@nwbrockford.com
Address
3106 N. Rockton Avenue
Rockford, IL
Contact
(815) 713-2205
Fax (301) 639-0804
abruscato@nwbrockford.com