Compare Today’s Refinance Rates for Lowell, Massachusetts 01850
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Lowell, Massachusetts 01850.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Lowell, Massachusetts 01850. For 30-year amortization refinancing, you can expect lifetime cash savings of $27,114 or $75 per month in Lowell and other parts of Middlesex county.
Summary of Average Refinances in Lowell, Massachusetts 01850
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Interactive Refinance Rate Projections for Lowell, Massachusetts 01850
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lowell, MA 01850, 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 Lowell, Massachusetts 01850 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lowell, Massachusetts and the surrounding Middlesex 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 | 90.00% | 47.76% | 49.36% | 47.28% | 55.19% | 57.29% | 42.74% | 50.00% | 45.37% |
avg refi rate | 6.53% | 3.52% | 2.99% | 3.28% | 4.17% | 4.70% | 4.10% | 3.90% | 4.11% |
% 15 year fixed refinance | 30.35% | 28.06% | 29.26% | 27.92% | 25.63% | 36.31% | 32.07% | 35.42% | |
avg refi rate | 2.76% | 2.45% | 2.77% | 3.48% | 3.82% | 3.31% | 3.13% | 3.31% | |
Avg credit score | 725.05 | 758.27 | 756.85 | 759.72 | 757.03 | 743.06 | 753.42 | 760.14 | 757.56 |
Avg LTV (loan to value) | 59.05% | 62.35% | 67.72% | 72.05% | 72.62% | 71.96% | 74.11% | 74.34% | 73.33% |
Avg DTI (debt to income) | 42.40 | 33.58 | 32.14 | 32.08 | 33.76 | 35.35 | 33.65 | 33.06 | 32.63 |
Avg refinance insurance % | 1.20% | 0.95% | 1.81% | 4.27% | 5.71% | 4.89% | 6.08% | 5.88% | 6.05% |
Best Refinance Brokers around Lowell, Massachusetts 01850
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lowell, Massachusetts 01850, we have compiled a list of top refinance brokers to assist you in the process.
Mike Romano
Sage Bank Loan Center Manager
15 Hurd Street
Lowell, MA 01850
(978) 937-0090
mromano@sagebank.com
Soufiane Rechag
Sage Bank Loan R
15 Hurd Street
Lowell, MA 01850
(978) 937-0090
srechag@sagebank.com
Eric Portnoy
Sage Bank Loan R
15 Hurd Street
Lowell, MA 01850
(781) 995-3440
eportnoy@sagebank.com
Elkin Montoya
Sage Bank Loan R
15 Hurd Street
Lowell, MA 01850
(978) 322-7058
emontoya@sagebank.com
Michael Licciardi
Loan R
15 Hurd Street
Lowell, MA 01850
(978) 937-0090
mlicciardi@sagebank.com
Address
15 Hurd Street
Lowell, MA
Contact
(978) 937-0090
Fax (301) 639-0804
mromano@sagebank.com
Address
15 Hurd Street
Lowell, MA
Contact
(978) 937-0090
Fax (301) 639-0804
srechag@sagebank.com
Address
15 Hurd Street
Lowell, MA
Contact
(781) 995-3440
Fax (301) 639-0804
eportnoy@sagebank.com