Compare Today’s Refinance Rates for Ipswich, Massachusetts 01938
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ipswich, Massachusetts 01938.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $26,754 over the lifetime of your mortgage, which translates to a monthly savings of $74 in Ipswich 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 Ipswich, Massachusetts 01938
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Interactive Refinance Rate Projections for Ipswich, Massachusetts 01938
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ipswich, MA 01938, 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 Ipswich, Massachusetts 01938 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ipswich, 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 | 84.62% | 48.25% | 52.36% | 54.81% | 59.31% | 53.54% | 47.33% | 52.62% | 55.14% |
| avg refi rate | 6.51% | 3.43% | 2.88% | 3.15% | 3.90% | 4.48% | 3.98% | 3.83% | 4.03% |
| % 15 year fixed refinance | 15.38% | 29.30% | 28.80% | 27.12% | 23.72% | 30.30% | 37.86% | 33.33% | 31.32% |
| avg refi rate | 5.44% | 2.61% | 2.35% | 2.70% | 3.47% | 3.71% | 3.18% | 3.02% | 3.17% |
| Avg credit score | 751.38 | 756.07 | 763.88 | 768.12 | 763.93 | 752.97 | 757.38 | 762.42 | 759.81 |
| Avg LTV (loan to value) | 58.46% | 60.16% | 64.93% | 68.56% | 70.33% | 68.09% | 68.72% | 70.18% | 71.15% |
| Avg DTI (debt to income) | 37.62 | 32.77 | 30.86 | 30.59 | 32.42 | 33.32 | 32.48 | 32.25 | 31.57 |
| Avg refinance insurance % | 3.23% | 0.74% | 1.97% | 3.11% | 5.46% | 3.54% | 3.71% | 4.43% | 4.97% |
Best Refinance Brokers around Ipswich, Massachusetts 01938
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ipswich, Massachusetts 01938, we have compiled a list of top refinance brokers to assist you in the process.
Jeffrey Bloomfield
Mortgage/Financial Advisor
35 Village Rd Po Box766 Ste 601
Middleton, MA 01938
(978) 739-9600
Jeffrey.Bloomfield@morganstanley.com
Gregg Bonheur
Mortgage/Financial Advisor
35 Village Road, STE 601
Middleton, MA 01938
(978) 739-3917
gregg.bonheur@morganstanley.com
Michael Boucher
Mortgage/Financial Advisor
35 Village Rd Po Box766 Ste 601
Middleton, MA 01938
(978) 739-9600
Michael.Boucher@morganstanley.com
Jason Franz
Mortgage/Financial Advisor
40 Beach St Ste 102
Manchester-By-The-Sea, MA 01938
(978) 526-6000
Jason.Franz@morganstanley.com
Maura Lewis
Mortgage/Registered Associate
35 Village Road, STE 601
Middleton, MA 01938
(978) 739-3936
maura.lewis@morganstanley.com
Address
35 Village Rd Po Box766 Ste 601
Middleton, MA
Contact
(978) 739-9600
Fax (301) 639-0804
Jeffrey.Bloomfield@morganstanley.com
Address
35 Village Road, STE 601
Middleton, MA
Contact
(978) 739-3917
Fax (301) 639-0804
gregg.bonheur@morganstanley.com
Address
35 Village Rd Po Box766 Ste 601
Middleton, MA
Contact
(978) 739-9600
Fax (301) 639-0804
Michael.Boucher@morganstanley.com