Compare Today’s Refinance Rates for Essex, Massachusetts 01929
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Essex, Massachusetts 01929.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Essex, Massachusetts 01929. For 30-year amortization refinancing, you can expect lifetime cash savings of $23,349 or $65 per month in Essex and other parts of Essex county.
Summary of Average Refinances in Essex, Massachusetts 01929
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Interactive Refinance Rate Projections for Essex, Massachusetts 01929
Pureloan has developed an interactive chart to monitor the five largest local lenders in Essex, MA 01929, 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 Essex, Massachusetts 01929 from 2024 - 2016
The following historical data provides insights into refinancing trends in Essex, 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 Essex, Massachusetts 01929
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Essex, Massachusetts 01929, we have compiled a list of top refinance brokers to assist you in the process.
Sue Lovasco
Vp Senior Retail Mortgage Loan Officer
160 Main Street,
Gloucester, MA 01929
(978) 283-8200
slovasco@bankgloucester.com
Laurene Wessel
Vp Retail Mortgage Loan Officer
160 Main Street,
Gloucester, MA 01929
(978) 283-8200
lwessel@bankgloucester.com
Amy Mitchell
Assistant Vp & Senior Loan Operations Officer
160 Main Street,
Gloucester, MA 01929
(978) 283-8200
amitchell@bankgloucester.com
Grace Frost
Senior Loan Operations Assistant
160 Main Street,
Gloucester, MA 01929
(978) 283-8200
gfrost@bankgloucester.com
Mark Grenier
Senior Vp & Chief Lending Officer
160 Main Street,
Gloucester, MA 01929
(978) 283-8200
mgrenier@bankgloucester.com
Address
160 Main Street,
Gloucester, MA
Contact
(978) 283-8200
Fax (301) 639-0804
slovasco@bankgloucester.com
Address
160 Main Street,
Gloucester, MA
Contact
(978) 283-8200
Fax (301) 639-0804
lwessel@bankgloucester.com
Address
160 Main Street,
Gloucester, MA
Contact
(978) 283-8200
Fax (301) 639-0804
amitchell@bankgloucester.com