Compare Today’s Refinance Rates for Ludlow, Massachusetts 01056
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ludlow, Massachusetts 01056.
With a 30-year amortization refinance in Ludlow and surrounding areas of Hampden county, our calculations show that you can expect to save up to $17,724 over the lifetime of your mortgage, or a monthly savings of $49. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Ludlow, Massachusetts 01056.
Summary of Average Refinances in Ludlow, Massachusetts 01056
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Interactive Refinance Rate Projections for Ludlow, Massachusetts 01056
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ludlow, MA 01056, 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 Ludlow, Massachusetts 01056 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ludlow, Massachusetts and the surrounding Hampden 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 | 80.00% | 51.29% | 59.36% | 57.78% | 59.11% | 51.81% | 45.48% | 52.56% | 60.28% |
| avg refi rate | 6.29% | 3.34% | 2.96% | 3.24% | 4.23% | 4.40% | 4.04% | 3.92% | 4.06% |
| % 15 year fixed refinance | 6.67% | 30.02% | 24.39% | 25.25% | 27.48% | 38.34% | 41.07% | 32.76% | 26.35% |
| avg refi rate | 6.00% | 2.60% | 2.47% | 2.77% | 3.64% | 3.83% | 3.22% | 3.14% | 3.27% |
| Avg credit score | 730.00 | 751.49 | 760.27 | 762.12 | 753.17 | 750.25 | 755.26 | 757.72 | 757.16 |
| Avg LTV (loan to value) | 50.47% | 55.73% | 61.96% | 66.40% | 66.50% | 60.09% | 63.28% | 64.84% | 65.14% |
| Avg DTI (debt to income) | 36.53 | 34.97 | 33.26 | 33.57 | 36.25 | 35.10 | 34.20 | 33.26 | 34.58 |
| Avg refinance insurance % | 0.80% | 0.42% | 1.27% | 2.24% | 3.29% | 1.73% | 1.84% | 2.47% | 2.70% |
Best Refinance Brokers around Ludlow, Massachusetts 01056
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ludlow, Massachusetts 01056, we have compiled a list of top refinance brokers to assist you in the process.
Nicole Laurie
Loan Officer
211 North Street,
Northampton, MA 01056
(413) 586-5626
nlaurie@merrimackmortgage.com
Ryan Footit
Loan Officer
211 North Street,
Northampton, MA 01056
(413) 586-5626
rfootit@merrimackmortgage.com
Mark Brown
Mortgage/Financial Advisor
1500 Main St 19th Fl
Springfield, MA 01056
(413) 734-7311
Mark.Brown@morganstanley.com
Michael Jonah
Mortgage/Financial Advisor
1500 Main St 19th Fl
Springfield, MA 01056
(413) 734-7311
Michael.Jonah@morganstanley.com
Jennifer Beylard
Vice President Of Operations, Ccue
145 Industry Avenue
Springfield, MA 01056
(413) 732-9812
jbeylard@stcu.com
Address
211 North Street,
Northampton, MA
Contact
(413) 586-5626
Fax (301) 639-0804
nlaurie@merrimackmortgage.com
Address
211 North Street,
Northampton, MA
Contact
(413) 586-5626
Fax (301) 639-0804
rfootit@merrimackmortgage.com
Address
1500 Main St 19th Fl
Springfield, MA
Contact
(413) 734-7311
Fax (301) 639-0804
Mark.Brown@morganstanley.com