Compare Today’s Refinance Rates for Winnebago, Illinois 61088
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Winnebago, Illinois 61088.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,838 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Winnebago 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 Winnebago, Illinois 61088
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Interactive Refinance Rate Projections for Winnebago, Illinois 61088
Pureloan has developed an interactive chart to monitor the five largest local lenders in Winnebago, IL 61088, 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 Winnebago, Illinois 61088 from 2024 - 2016
The following historical data provides insights into refinancing trends in Winnebago, 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 Winnebago, Illinois 61088
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Winnebago, Illinois 61088, we have compiled a list of top refinance brokers to assist you in the process.
Patrick Ogorman
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61088
(815) 332-8860
pato@stillmanbank.com
George Pleshkewych
Loan Officer
6000 E State St
Rockford, IL 61088
(815) 394-4649
George.B.Pleshkewych@chase.com
Ron Lawson
Branch Manager
420 Financial Court Suite 110
Rockford, IL 61088
(815) 312-5820
rlawson@republicmortgage.com
Robin Palmer
Rockford Mortgage Lenders
8492 East State Street
Rockford, IL 61088
(815) 332-8865
robinp@stillmanbank.com
Artice Kudalis
Assistant Vice President, Branch Leader & Pinnacle Plus Club Leader
3106 N. Rockton Avenue
Rockford, IL 61088
(815) 847-5001
akudalis@nwbrockford.com
Address
8492 East State Street
Rockford, IL
Contact
(815) 332-8860
Fax (301) 639-0804
pato@stillmanbank.com
Address
6000 E State St
Rockford, IL
Contact
(815) 394-4649
Fax (301) 639-0804
George.B.Pleshkewych@chase.com
Address
420 Financial Court Suite 110
Rockford, IL
Contact
(815) 312-5820
Fax (301) 639-0804
rlawson@republicmortgage.com