Compare Today’s Refinance Rates for Hammond, Indiana 46325
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Hammond, Indiana 46325.
With a 30-year amortization refinance in Hammond and surrounding areas of Lake county, our calculations show that you can expect to save up to $5,836 over the lifetime of your mortgage, or a monthly savings of $16. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Hammond, Indiana 46325.
Summary of Average Refinances in Hammond, Indiana 46325
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Interactive Refinance Rate Projections for Hammond, Indiana 46325
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hammond, IN 46325, 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 Hammond, Indiana 46325 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hammond, Indiana and the surrounding Lake 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 | 76.47% | 52.78% | 57.32% | 55.39% | 61.02% | 49.87% | 49.92% | 52.64% | 53.68% |
avg refi rate | 6.46% | 3.58% | 3.01% | 3.34% | 4.18% | 4.60% | 4.14% | 3.91% | 4.11% |
% 15 year fixed refinance | 17.65% | 30.63% | 25.74% | 27.38% | 25.10% | 36.78% | 37.08% | 34.53% | 32.79% |
avg refi rate | 4.96% | 2.84% | 2.50% | 2.84% | 3.60% | 3.93% | 3.36% | 3.14% | 3.30% |
Avg credit score | 753.76 | 752.95 | 754.95 | 759.07 | 750.99 | 736.44 | 745.18 | 752.84 | 754.08 |
Avg LTV (loan to value) | 61.41% | 60.03% | 65.50% | 70.04% | 72.56% | 68.89% | 71.84% | 72.12% | 72.02% |
Avg DTI (debt to income) | 36.24 | 32.99 | 30.78 | 31.04 | 32.41 | 32.66 | 32.42 | 31.90 | 30.90 |
Avg refinance insurance % | 3.65% | 0.89% | 2.06% | 3.48% | 5.53% | 3.68% | 4.20% | 5.08% | 5.42% |
Best Refinance Brokers around Hammond, Indiana 46325
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hammond, Indiana 46325, we have compiled a list of top refinance brokers to assist you in the process.
Lois Swanson
Loan Officer
1500 Lincolnway
La Porte, IN 46325
(219) 362-3980
lswanson@accesshorizon.com
Sally Swanson
Mortgage Loan Officer
800 Lincolnway
La Porte, IN 46325
(219) 873-9763
sally.swanson@pncmortgage.com
Mike Gowan
Sales Manager
241 W US Highway 20
Michigan City, IN 46325
(219) 874-1088
mgowan@hallmarkhomemortgage.com
Michelle Bissonnette
Manager
1005 Millennium Dr Ste 102
Crown Point, IN 46325
(219) 942-9333
michelle.bissonnette@Academy.cc
Michael Mellon
President
8230 Hohman Ave
Munster, IN 46325
(219) 836-5870
mmellon@ambfinancial.com
Address
1500 Lincolnway
La Porte, IN
Contact
(219) 362-3980
Fax (301) 639-0804
lswanson@accesshorizon.com
Address
800 Lincolnway
La Porte, IN
Contact
(219) 873-9763
Fax (301) 639-0804
sally.swanson@pncmortgage.com
Address
241 W US Highway 20
Michigan City, IN
Contact
(219) 874-1088
Fax (301) 639-0804
mgowan@hallmarkhomemortgage.com