Compare Today’s Refinance Rates for Yale, Illinois 62481
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Yale, Illinois 62481.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Yale, Illinois 62481. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,038 or $8 per month in Yale and other parts of Cumberland county.
Summary of Average Refinances in Yale, Illinois 62481
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Interactive Refinance Rate Projections for Yale, Illinois 62481
Pureloan has developed an interactive chart to monitor the five largest local lenders in Yale, IL 62481, 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 Yale, Illinois 62481 from 2024 - 2016
The following historical data provides insights into refinancing trends in Yale, Illinois and the surrounding Cumberland 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 | 40.00% | 57.41% | 42.89% | 36.79% | 61.02% | 66.39% | 49.64% | 49.65% | 50.35% |
avg refi rate | 6.56% | 4.14% | 2.89% | 3.10% | 4.41% | 4.51% | 4.02% | 3.70% | 3.93% |
% 15 year fixed refinance | 40.00% | 29.63% | 34.16% | 40.71% | 16.95% | 21.31% | 27.01% | 34.75% | 31.47% |
avg refi rate | 6.34% | 3.12% | 2.29% | 2.51% | 3.52% | 3.91% | 3.27% | 2.85% | 3.11% |
Avg credit score | 739.90 | 730.22 | 752.47 | 774.12 | 745.82 | 734.56 | 744.70 | 748.43 | 743.37 |
Avg LTV (loan to value) | 55.10% | 67.41% | 67.59% | 68.28% | 71.65% | 71.09% | 72.60% | 69.67% | 69.06% |
Avg DTI (debt to income) | 28.30 | 28.98 | 28.02 | 28.09 | 29.51 | 29.34 | 29.26 | 27.59 | 28.40 |
Avg refinance insurance % | 1.75% | 2.76% | 2.65% | 3.53% | 2.81% | 2.40% | 2.11% | 2.34% |
Best Refinance Brokers around Yale, Illinois 62481
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Yale, Illinois 62481, we have compiled a list of top refinance brokers to assist you in the process.
Matt Danbury
Mortgage Lender
130 N Water St
Decatur, IL 62481
(217) 425-8292
matt.danbury@busey.com
Sherry Cool
Loan Officer
225 N Water St Ste 102
Decatur, IL 62481
(217) 872-6272
sherry.cool@hickorypointbank.com
Malissa Munsterman
Loan Officer
225 N Water St Ste 102
Decatur, IL 62481
(217) 872-3957
malissa.munsterman@hickorypointbank.com
Dennis Warner
Mortgage Lender
2505 N Water St
Decatur, IL 62481
(217) 425-8329
dennis.warner@busey.com
Cindy Shugart
Sr. Loan Officer
415 E Ash Ave Ste B
Decatur, IL 62481
(217) 875-5870 Ext203
cynthia.shugart@1amllc.com
Address
130 N Water St
Decatur, IL
Contact
(217) 425-8292
Fax (301) 639-0804
matt.danbury@busey.com
Address
225 N Water St Ste 102
Decatur, IL
Contact
(217) 872-6272
Fax (301) 639-0804
sherry.cool@hickorypointbank.com
Address
225 N Water St Ste 102
Decatur, IL
Contact
(217) 872-3957
Fax (301) 639-0804
malissa.munsterman@hickorypointbank.com