Compare Today’s Refinance Rates for Lafayette, Indiana 47902
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lafayette, Indiana 47902.
With a 30-year amortization refinance in Lafayette and surrounding areas of Tippecanoe county, our calculations show that you can expect to save up to $4,553 over the lifetime of your mortgage, or a monthly savings of $13. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Lafayette, Indiana 47902.
Summary of Average Refinances in Lafayette, Indiana 47902
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Interactive Refinance Rate Projections for Lafayette, Indiana 47902
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lafayette, IN 47902, 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 Lafayette, Indiana 47902 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lafayette, Indiana and the surrounding Tippecanoe 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 | 88.89% | 57.59% | 56.77% | 54.99% | 67.12% | 56.30% | 53.68% | 51.95% | 50.45% |
avg refi rate | 6.72% | 3.95% | 3.01% | 3.28% | 4.33% | 4.76% | 4.15% | 3.96% | 4.11% |
% 15 year fixed refinance | 5.56% | 28.02% | 25.02% | 28.39% | 21.17% | 25.21% | 34.21% | 35.55% | 32.27% |
avg refi rate | 5.88% | 3.08% | 2.47% | 2.72% | 3.70% | 4.02% | 3.41% | 3.17% | 3.35% |
Avg credit score | 725.17 | 735.43 | 750.62 | 756.50 | 746.32 | 729.03 | 734.74 | 749.54 | 747.80 |
Avg LTV (loan to value) | 55.78% | 61.02% | 65.66% | 69.86% | 72.28% | 70.73% | 72.31% | 70.67% | 75.37% |
Avg DTI (debt to income) | 37.72 | 31.60 | 29.85 | 28.90 | 31.74 | 31.21 | 32.81 | 29.44 | 30.18 |
Avg refinance insurance % | 0.67% | 1.37% | 1.94% | 3.45% | 5.20% | 2.93% | 4.17% | 4.61% | 6.28% |
Best Refinance Brokers around Lafayette, Indiana 47902
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lafayette, Indiana 47902, we have compiled a list of top refinance brokers to assist you in the process.
Jim Roach
Mortgage Lender
3123 Union Street
Lafayette, IN 47902
(765) 746-7193
jim.roach@regions.com
Wayne Hewitt
Mortgage Banker
3420 State Road 26 East
Lafayette, IN 47902
(765) 423-0287
thomas.w.hewitt@chase.com
Sharon Morrissey
Mortgage Loan Officer
415 Columbia Street, Suite 3000
Lafayette, IN 47902
(765) 637-7650
sharon.morrissey@americanmortgage.com
Patty Will
Mortgage Loan Officer
415 Columbia Street, Suite 3000
Lafayette, IN 47902
(765) 637-7645
patty.will@americanmortgage.com
Michele Blaas
Loan Officer
635 South Earl Ave, Suite D2
Lafayette, IN 47902
(570) 620-9811
michele.blaas@phm.net
Address
3123 Union Street
Lafayette, IN
Contact
(765) 746-7193
Fax (301) 639-0804
jim.roach@regions.com
Address
3420 State Road 26 East
Lafayette, IN
Contact
(765) 423-0287
Fax (301) 639-0804
thomas.w.hewitt@chase.com
Address
415 Columbia Street, Suite 3000
Lafayette, IN
Contact
(765) 637-7650
Fax (301) 639-0804
sharon.morrissey@americanmortgage.com