Compare Today’s Refinance Rates for Beverly, Massachusetts 01915
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Beverly, Massachusetts 01915.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $17,373 over the lifetime of your mortgage, which translates to a monthly savings of $48 in Beverly and other areas of Essex 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.
Summary of Average Refinances in Beverly, Massachusetts 01915
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Interactive Refinance Rate Projections for Beverly, Massachusetts 01915
Pureloan has developed an interactive chart to monitor the five largest local lenders in Beverly, MA 01915, 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 Beverly, Massachusetts 01915 from 2024 - 2016
The following historical data provides insights into refinancing trends in Beverly, Massachusetts and the surrounding Essex 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 | 100.00% | 46.84% | 50.81% | 50.28% | 60.67% | 55.61% | 44.47% | 52.24% | 52.91% |
avg refi rate | 6.48% | 3.51% | 2.90% | 3.18% | 3.95% | 4.45% | 4.05% | 3.86% | 4.03% |
% 15 year fixed refinance | 27.90% | 27.53% | 29.98% | 21.01% | 31.84% | 39.79% | 31.84% | 30.34% | |
avg refi rate | 2.66% | 2.38% | 2.72% | 3.42% | 3.80% | 3.24% | 3.04% | 3.22% | |
Avg credit score | 752.62 | 750.15 | 761.43 | 766.44 | 759.76 | 753.98 | 755.38 | 760.20 | 762.04 |
Avg LTV (loan to value) | 65.33% | 61.61% | 66.28% | 70.17% | 71.54% | 68.42% | 71.20% | 72.38% | 73.84% |
Avg DTI (debt to income) | 40.19 | 32.17 | 30.79 | 30.63 | 32.90 | 32.52 | 32.66 | 31.72 | 31.93 |
Avg refinance insurance % | 2.00% | 0.56% | 1.92% | 3.72% | 5.23% | 4.01% | 4.48% | 5.06% | 5.93% |
Best Refinance Brokers around Beverly, Massachusetts 01915
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Beverly, Massachusetts 01915, we have compiled a list of top refinance brokers to assist you in the process.
David Lops
Mortgage Loan Officer
175 Cabot Street
Beverly, MA 01915
(978) 407-1989
david.lops@td.com
David Sullivan
Mortgage Loan Officer
175 Cabot Street
Beverly, MA 01915
(781) 752-8364
david.sullivan2@td.com
Scott Myers
Vp, Commercial Lending
254 Cabot Street
Beverly, MA 01915
(978) 922-0857
smyers@beverlybank.com
Matthew Laflamme
Vp, Commercial Lending, Team Leader
254 Cabot Street
Beverly, MA 01915
(978) 922-0857
mlaflamme@beverlybank.com
Gayle Fili
Senior Vice President, Retail Banking
254 Cabot Street
Beverly, MA 01915
(978) 922-0857
gfili@beverlybank.com
Address
175 Cabot Street
Beverly, MA
Contact
(978) 407-1989
Fax (301) 639-0804
david.lops@td.com
Address
175 Cabot Street
Beverly, MA
Contact
(781) 752-8364
Fax (301) 639-0804
david.sullivan2@td.com
Address
254 Cabot Street
Beverly, MA
Contact
(978) 922-0857
Fax (301) 639-0804
smyers@beverlybank.com