Compare Today’s Refinance Rates for Monterey, Louisiana 71354
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Monterey, Louisiana 71354.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Monterey, Louisiana 71354. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,743 or $13 per month in Monterey and other parts of Concordia county.
31.440287
-91.734455
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Summary of Average Refinances in Monterey, Louisiana 71354
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Monterey, Louisiana 71354
Pureloan has developed an interactive chart to monitor the five largest local lenders in Monterey, LA 71354, 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 Monterey, Louisiana 71354 from 2024 - 2016
The following historical data provides insights into refinancing trends in Monterey, Louisiana and the surrounding Concordia 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 | 50.00% | 55.95% | 46.51% | 43.50% | 71.93% | 72.55% | 62.79% | 58.00% | 52.63% |
avg refi rate | 6.29% | 3.95% | 2.96% | 3.26% | 4.29% | 4.50% | 3.98% | 3.90% | 3.84% |
% 15 year fixed refinance | 16.67% | 26.19% | 41.40% | 33.33% | 17.54% | 21.57% | 25.58% | 24.00% | 33.33% |
avg refi rate | 6.00% | 3.08% | 2.47% | 2.76% | 3.55% | 4.07% | 3.56% | 3.09% | 3.15% |
Avg credit score | 728.83 | 737.93 | 743.22 | 745.59 | 739.56 | 736.18 | 734.28 | 735.16 | 745.60 |
Avg LTV (loan to value) | 77.50% | 69.67% | 70.91% | 73.42% | 76.86% | 73.14% | 72.14% | 74.50% | 74.68% |
Avg DTI (debt to income) | 35.67 | 32.67 | 31.10 | 31.07 | 33.81 | 31.71 | 31.60 | 31.94 | 30.72 |
Avg refinance insurance % | 11.17% | 5.24% | 4.82% | 5.28% | 8.16% | 5.63% | 6.09% | 5.98% | 4.40% |
Best Refinance Brokers around Monterey, Louisiana 71354
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Monterey, Louisiana 71354, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Peggy Butts
Loan officer/processor
222 S 10th St
Oakdale, LA 71354
(318) 335-2031
peggy.butts@ffbla.com
Scott Nicholson
Loan officer
P.O. Box 549
Many Louisiana, MI 71354
(616) 985-2500
snicholson@benchmark.us
Address
222 S 10th St
Oakdale, LA
Contact
(318) 335-2031
Fax (301) 639-0804
peggy.butts@ffbla.com
Address
P.O. Box 549
Many Louisiana, MI
Contact
(616) 985-2500
Fax (301) 639-0804
snicholson@benchmark.us