Compare Today’s Refinance Rates for Lynnfield, Massachusetts 01940
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Lynnfield, Massachusetts 01940.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Lynnfield, Massachusetts 01940. For 30-year amortization refinancing, you can expect lifetime cash savings of $52,448 or $146 per month in Lynnfield and other parts of Essex county.
Summary of Average Refinances in Lynnfield, Massachusetts 01940
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Interactive Refinance Rate Projections for Lynnfield, Massachusetts 01940
Pureloan has developed an interactive chart to monitor the five largest local lenders in Lynnfield, MA 01940, 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 Lynnfield, Massachusetts 01940 from 2024 - 2016
The following historical data provides insights into refinancing trends in Lynnfield, 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 Lynnfield, Massachusetts 01940
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Lynnfield, Massachusetts 01940, we have compiled a list of top refinance brokers to assist you in the process.
Sean Riley
Managing Partner
Corporate Headquarters,
Lynnfield, MA 01940
(781) 309-1804
sriley@meploans.com
Mark Lance
Director Of Sales
Corporate Headquarters,
Lynnfield, MA 01940
(781) 739-0075
mlance@meploans.com
David Holding
Capital Markets
Corporate Headquarters,
Lynnfield, MA 01940
(603) 263-2001
dholding@meploans.com
Jeffrey Bloomfield
Mortgage/Financial Advisor
35 Village Rd Po Box766 Ste 601
Middleton, MA 01940
(978) 739-9600
Jeffrey.Bloomfield@morganstanley.com
Gregg Bonheur
Mortgage/Financial Advisor
35 Village Road, STE 601
Middleton, MA 01940
(978) 739-3917
gregg.bonheur@morganstanley.com
Address
Corporate Headquarters,
Lynnfield, MA
Contact
(781) 309-1804
Fax (301) 639-0804
sriley@meploans.com
Address
Corporate Headquarters,
Lynnfield, MA
Contact
(781) 739-0075
Fax (301) 639-0804
mlance@meploans.com
Address
Corporate Headquarters,
Lynnfield, MA
Contact
(603) 263-2001
Fax (301) 639-0804
dholding@meploans.com