Compare Today’s Refinance Rates for Rockford, Illinois

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Rockford, Illinois 61114. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $2,941 or $8 / month in Rockford and other areas of Winnebago county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Rockford, Illinois 61114.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Rockford, Illinois 61114

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Rockford, IL

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Rockford, IL 61114, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Rockford, IL

Refinance Rates for Rockford, Illinois 61114 from 2013 - 2020

Below are historical data on refinancing in Rockford, Illinois and around Winnebago county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 46.58% 34.23% 37.52% 41.70% 51.53% 42.69% 42.20% 44.39%
avg refi rate 4.76% 4.47% 3.81% 3.63% 4.41% 4.01% 3.82% 4.02%
% 15 year fixed refinance 36.73% 44.74% 40.84% 39.41% 40.84% 42.00% 44.24% 39.46%
avg refi rate 4.14% 3.66% 3.08% 2.81% 3.44% 3.13% 2.96% 3.13%
Avg credit score 761.49 764.78 770.17 762.51 750.90 757.84 757.31 753.52
Avg LTV (loan to value) 66.09% 66.08% 67.49% 69.01% 71.67% 72.18% 72.95% 72.13%
Avg DTI (debt to income) 30.41 29.69 29.64 30.65 32.90 31.52 31.97 32.79
Avg refinance insurance % 1.46% 1.65% 2.26% 3.43% 3.79% 4.23% 4.55% 4.17%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Rockford, Illinois 61114

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Rockford, Illinois 61114, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Branden Jackson

Rockford Mortgage Lenders

8492 East State Street

Rockford, IL 61114

(815) 332-8842

brandenj@stillmanbank.com

Rob Gillette

Vice President, Relationship Manager

3106 N. Rockton Avenue

Rockford, IL 61114

(815) 986-4917

rgillette@nwbrockford.com

Amy Bruscato

Vice President, Mortgage Banking Leader

3106 N. Rockton Avenue

Rockford, IL 61114

(815) 713-2205

abruscato@nwbrockford.com

JT Quillen

Vice President of Retail Banking

3106 N. Rockton Avenue

Rockford, IL 61114

(815) 489-1717

jquillen@nwbrockford.com

Linda Heckert

Senior Vice President, Director of Business Banking

3106 N. Rockton Avenue

Rockford, IL 61114

(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

Refinancing News for Rockford, Illinois 61114