Compare Today’s Refinance Rates for Salem, Indiana 47167
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Salem, Indiana 47167.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,610 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Salem and other areas of Washington 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.
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Summary of Average Refinances in Salem, Indiana 47167
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Salem, Indiana 47167
Pureloan has developed an interactive chart to monitor the five largest local lenders in Salem, IN 47167, 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 Salem, Indiana 47167 from 2024 - 2016
The following historical data provides insights into refinancing trends in Salem, Indiana and the surrounding Washington 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 | 75.00% | 58.27% | 55.89% | 51.32% | 65.95% | 58.42% | 52.30% | 47.77% | 59.52% |
| avg refi rate | 6.55% | 3.71% | 2.97% | 3.28% | 4.21% | 4.58% | 4.12% | 3.93% | 4.06% |
| % 15 year fixed refinance | 25.00% | 24.94% | 25.44% | 27.85% | 20.64% | 28.71% | 32.16% | 36.20% | 28.72% |
| avg refi rate | 5.52% | 2.80% | 2.46% | 2.82% | 3.61% | 3.90% | 3.37% | 3.15% | 3.29% |
| Avg credit score | 744.63 | 743.97 | 750.67 | 756.59 | 775.24 | 741.48 | 741.04 | 749.09 | 749.15 |
| Avg LTV (loan to value) | 59.88% | 60.43% | 66.63% | 69.41% | 70.83% | 69.26% | 72.30% | 72.60% | 74.03% |
| Avg DTI (debt to income) | 30.75 | 31.84 | 29.69 | 29.72 | 31.23 | 32.46 | 31.55 | 29.74 | 29.33 |
| Avg refinance insurance % | 1.88% | 0.98% | 2.38% | 3.01% | 3.93% | 2.37% | 3.64% | 4.01% | 5.91% |
Best Refinance Brokers around Salem, Indiana 47167
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Salem, Indiana 47167, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
BRENT DITMARS
Loan Officer
2905 State St
Columbus, IN 47167
(812) 376-6838
bditmar@e-farmcredit.com
JOHN EVANS
Loan Officer
2905 State St
Columbus, IN 47167
(812) 376-6838
jevans@e-farmcredit.com
TERRI JURASKOVICH
Loan Officer
2905 State St
Columbus, IN 47167
(812) 376-6838
tjurask@e-farmcredit.com
ELIZABETH MAUER
Loan Officer
2905 State St
Columbus, IN 47167
(812) 376-6838
emauer@e-farmcredit.com
MARCI MCCAULEY
Loan Officer
2905 State St
Columbus, IN 47167
(812) 376-6838
mmccaul@e-farmcredit.com
Address
2905 State St
Columbus, IN
Contact
(812) 376-6838
Fax (301) 639-0804
bditmar@e-farmcredit.com
Address
2905 State St
Columbus, IN
Contact
(812) 376-6838
Fax (301) 639-0804
jevans@e-farmcredit.com
Address
2905 State St
Columbus, IN
Contact
(812) 376-6838
Fax (301) 639-0804
tjurask@e-farmcredit.com