Compare Today’s Refinance Rates for Utica, Illinois 61373
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Utica, Illinois 61373.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,065 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Utica and other areas of La Salle 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 Utica, Illinois 61373
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Interactive Refinance Rate Projections for Utica, Illinois 61373
Pureloan has developed an interactive chart to monitor the five largest local lenders in Utica, IL 61373, 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 Utica, Illinois 61373 from 2024 - 2016
The following historical data provides insights into refinancing trends in Utica, Illinois and the surrounding La Salle 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 Utica, Illinois 61373
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Utica, Illinois 61373, we have compiled a list of top refinance brokers to assist you in the process.
Tony Beiermann
Commercial Lending
21 E Main St
Galesburg, IL 61373
(309) 683-2881
Tony.Beiermann@thefmbank.com
Karen Cabrera
Residential Mortgage Loan Officer
21 E Main St
Galesburg, IL 61373
(309) 343-0002 Ext500
Karen.Cabrera@thefmbank.com
John Tenenbaum
Consumer Loan Officer
21 E Main St
Galesburg, IL 61373
(309) 343-0002 Ext629
John.Tenenbaum@thefmbank.com
Erick Mueller
Commercial Lending
21 E Main St
Galesburg, IL 61373
(309) 683-2881 Ext402
Erick.Mueller@thefmbank.com
Mari Ioerger
Associate Commercial Lending Officer
21 E Main St
Galesburg, IL 61373
(309) 683-2881 Ext401
mari.ioerger@thefmbank.com
Address
21 E Main St
Galesburg, IL
Contact
(309) 683-2881
Fax (301) 639-0804
Tony.Beiermann@thefmbank.com
Address
21 E Main St
Galesburg, IL
Contact
(309) 343-0002 Ext500
Fax (301) 639-0804
Karen.Cabrera@thefmbank.com
Address
21 E Main St
Galesburg, IL
Contact
(309) 343-0002 Ext629
Fax (301) 639-0804
John.Tenenbaum@thefmbank.com