Compare Today’s Refinance Rates for Raven, Kentucky 41861
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Raven, Kentucky 41861.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $7,193 over the lifetime of your mortgage, which translates to a monthly savings of $20 in Raven and other areas of Knott 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 Raven, Kentucky 41861
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Interactive Refinance Rate Projections for Raven, Kentucky 41861
Pureloan has developed an interactive chart to monitor the five largest local lenders in Raven, KY 41861, 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 Raven, Kentucky 41861 from 2024 - 2016
The following historical data provides insights into refinancing trends in Raven, Kentucky and the surrounding Knott 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 | 76.74% | 44.89% | 46.59% | 43.94% | 48.70% | 43.86% | 35.10% | 29.42% | 39.64% |
| avg refi rate | 6.41% | 3.56% | 3.02% | 3.32% | 4.10% | 4.58% | 4.14% | 3.91% | 4.05% |
| % 15 year fixed refinance | 16.28% | 35.38% | 31.05% | 35.10% | 33.54% | 37.34% | 43.02% | 45.80% | 38.28% |
| avg refi rate | 5.66% | 2.83% | 2.55% | 2.87% | 3.59% | 3.81% | 3.21% | 2.95% | 3.09% |
| Avg credit score | 747.88 | 761.29 | 760.82 | 764.05 | 756.19 | 754.21 | 756.51 | 761.87 | 761.06 |
| Avg LTV (loan to value) | 56.86% | 58.65% | 63.25% | 68.21% | 68.00% | 67.51% | 68.67% | 68.82% | 71.81% |
| Avg DTI (debt to income) | 34.93 | 30.91 | 28.93 | 28.42 | 29.72 | 30.59 | 29.80 | 28.89 | 29.57 |
| Avg refinance insurance % | 1.72% | 0.78% | 1.40% | 3.18% | 3.71% | 2.79% | 3.57% | 4.07% | 5.82% |
Best Refinance Brokers around Raven, Kentucky 41861
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Raven, Kentucky 41861, we have compiled a list of top refinance brokers to assist you in the process.
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