Compare Today’s Refinance Rates for Shelbyville, Illinois 62565
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Shelbyville, Illinois 62565.
With a 30-year amortization refinance in Shelbyville and surrounding areas of Shelby 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 Shelbyville, Illinois 62565.
Summary of Average Refinances in Shelbyville, Illinois 62565
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Interactive Refinance Rate Projections for Shelbyville, Illinois 62565
Pureloan has developed an interactive chart to monitor the five largest local lenders in Shelbyville, IL 62565, 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 Shelbyville, Illinois 62565 from 2024 - 2016
The following historical data provides insights into refinancing trends in Shelbyville, Illinois and the surrounding Shelby 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 | 42.21% | 43.72% | 37.93% | 49.84% | 40.10% | 40.34% | 38.55% | 54.27% | |
| avg refi rate | 3.95% | 3.92% | 4.11% | 4.51% | 3.74% | 3.96% | 4.53% | 4.83% | |
| % 15 year fixed refinance | 37.19% | 30.42% | 33.70% | 30.10% | 35.17% | 34.69% | 40.15% | 33.94% | |
| avg refi rate | 3.20% | 3.12% | 3.21% | 3.54% | 2.98% | 3.24% | 3.78% | 4.21% | |
| Avg credit score | 759.66 | 761.43 | 758.70 | 754.77 | 766.58 | 769.75 | 766.48 | 768.91 | |
| Avg LTV (loan to value) | 74.79% | 74.63% | 74.45% | 75.36% | 70.82% | 69.70% | 67.56% | 68.97% | |
| Avg DTI (debt to income) | 31.52 | 31.20 | 31.34 | 31.75 | 30.35 | 29.70 | 30.58 | 29.93 | |
| Avg refinance insurance % | 5.49% | 5.82% | 5.34% | 5.41% | 3.79% | 2.79% | 2.12% | 2.04% |
Best Refinance Brokers around Shelbyville, Illinois 62565
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Shelbyville, Illinois 62565, we have compiled a list of top refinance brokers to assist you in the process.
James Biddlecombe
Mortgage Lender
200 W Main St
Shelbyville, IL 62565
(217) 774-5515
james.biddlecombe@busey.com
Scott Musch
President/Loan Officer
300 Washington St
Beardstown, IL 62565
(217) 323-4105
smusch@fnbbtown.com
Jason Brockschmidt
Loan Officer
300 Washington St
Beardstown, IL 62565
(217) 323-4105
jbrockschmidt@fnbbtown.com
Jeanette Harbin
Loan Officer
300 Washington St
Beardstown, IL 62565
(217) 323-4105
jharbin@fnbbtown.com
Paul Rice
Loan Officer
300 Washington St
Beardstown, IL 62565
(217) 323-4105
price@fnbbtown.com
Address
200 W Main St
Shelbyville, IL
Contact
(217) 774-5515
Fax (301) 639-0804
james.biddlecombe@busey.com
Address
300 Washington St
Beardstown, IL
Contact
(217) 323-4105
Fax (301) 639-0804
smusch@fnbbtown.com
Address
300 Washington St
Beardstown, IL
Contact
(217) 323-4105
Fax (301) 639-0804
jbrockschmidt@fnbbtown.com