Compare Today’s Refinance Rates for Lynn, Massachusetts 01905
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Lynn, Massachusetts 01905.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $13,437 over the lifetime of your mortgage, which translates to a monthly savings of $37 in Lynn 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 Lynn, Massachusetts 01905
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Interactive Refinance Rate Projections for Lynn, Massachusetts 01905
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lynn, MA 01905, 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 Lynn, Massachusetts 01905 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lynn, 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 | 77.14% | 48.50% | 52.71% | 53.39% | 61.46% | 53.90% | 44.72% | 53.24% | 54.12% |
avg refi rate | 6.24% | 3.41% | 2.92% | 3.19% | 3.98% | 4.51% | 4.06% | 3.85% | 4.06% |
% 15 year fixed refinance | 20.00% | 29.44% | 26.74% | 26.89% | 21.54% | 32.49% | 40.21% | 31.73% | 31.05% |
avg refi rate | 5.64% | 2.67% | 2.40% | 2.74% | 3.50% | 3.76% | 3.24% | 3.11% | 3.24% |
Avg credit score | 745.51 | 743.03 | 758.23 | 762.56 | 756.33 | 749.63 | 750.69 | 757.37 | 758.49 |
Avg LTV (loan to value) | 54.49% | 59.67% | 64.25% | 68.69% | 70.55% | 70.03% | 70.73% | 72.19% | 71.80% |
Avg DTI (debt to income) | 38.91 | 33.66 | 31.47 | 31.46 | 33.24 | 35.01 | 33.56 | 32.72 | 32.97 |
Avg refinance insurance % | 1.54% | 0.56% | 1.66% | 2.91% | 4.84% | 4.15% | 4.83% | 5.39% | 5.48% |
Best Refinance Brokers around Lynn, Massachusetts 01905
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lynn, Massachusetts 01905, we have compiled a list of top refinance brokers to assist you in the process.
Bill Katinoglou
Residential Loan Officer
335 Broadway
Lynn, MA 01905
bkatinoglou@ebsb.com
ALYSSA DEVASTO
Loan Officer
100 Cummings Center
Beverly, MA 01905
(978) 524-2551
alyssa.c.devasto@wellsfargo.com
ALBERT YUROF
Loan Officer
100 Cummings Center
Beverly, MA 01905
(978) 524-2551
Michael.Yurof@wellsfargo.com
RYAN GRIFFIN
Loan Officer
100 Cummings Center
Beverly, MA 01905
(978) 524-2551
ryan.s.griffin@wellsfargo.com
ALLA ANTONOV
Loan Officer
100 Cummings Center
Beverly, MA 01905
(978) 524-2551
Alla.Antonov@wellsfargo.com
Address
335 Broadway
Lynn, MA
Contact
Fax (301) 639-0804
bkatinoglou@ebsb.com
Address
100 Cummings Center
Beverly, MA
Contact
(978) 524-2551
Fax (301) 639-0804
alyssa.c.devasto@wellsfargo.com
Address
100 Cummings Center
Beverly, MA
Contact
(978) 524-2551
Fax (301) 639-0804
Michael.Yurof@wellsfargo.com