Compare Today’s Refinance Rates for New Bedford, Massachusetts 02740
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in New Bedford, Massachusetts 02740.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $18,552 over the lifetime of your mortgage, which translates to a monthly savings of $52 in New Bedford and other areas of Bristol 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 New Bedford, Massachusetts 02740
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Interactive Refinance Rate Projections for New Bedford, Massachusetts 02740
Pureloan has developed an interactive chart to monitor the five largest local lenders in New Bedford, MA 02740, 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 New Bedford, Massachusetts 02740 from 2024 - 2016
The following historical data provides insights into refinancing trends in New Bedford, Massachusetts and the surrounding Bristol 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 | 90.91% | 54.52% | 52.32% | 47.44% | 65.37% | 52.35% | 42.75% | 50.72% | 60.52% |
avg refi rate | 6.38% | 3.60% | 3.03% | 3.29% | 4.30% | 4.49% | 4.08% | 3.95% | 4.06% |
% 15 year fixed refinance | 4.55% | 30.53% | 30.27% | 35.63% | 23.81% | 32.21% | 38.82% | 33.09% | 28.76% |
avg refi rate | 5.99% | 2.80% | 2.51% | 2.80% | 3.65% | 3.91% | 3.29% | 3.10% | 3.28% |
Avg credit score | 738.77 | 801.23 | 749.51 | 759.04 | 749.60 | 742.60 | 750.81 | 757.94 | 756.56 |
Avg LTV (loan to value) | 74.59% | 64.30% | 68.37% | 71.23% | 74.53% | 73.19% | 72.83% | 71.34% | 72.33% |
Avg DTI (debt to income) | 36.68 | 32.04 | 31.14 | 30.61 | 32.40 | 32.88 | 31.85 | 29.32 | 30.66 |
Avg refinance insurance % | 12.82% | 2.64% | 3.24% | 4.80% | 6.19% | 4.51% | 5.32% | 4.75% | 6.03% |
Best Refinance Brokers around New Bedford, Massachusetts 02740
If you are considering refinancing your mortgage or obtaining a cash-out refinance in New Bedford, Massachusetts 02740, we have compiled a list of top refinance brokers to assist you in the process.
Elizabeth Araujo
Sage Bank Loan R
15 Hurd Street
New Bedford, MA 02740
(978) 319-6931
earaujo@sagebank.com
Anne Patacao
Loan Officer
174 Union Street
New Bedford, MA 02740
(508) 535-6007
anne.patacao@rmsmortgage.com
Tracy Atwood
Loan Officer
4385 Acushnet Avenue
New Bedford, MA 02740
(774) 419-6195
tracy.atwood@fairwaymc.com
Katie Balboni
Loan Officer
4385 Acushnet Avenue
New Bedford, MA 02740
(97) 862-9878
katie.balboni@fairwaymc.com
Diana Araujo
Loan Officer
4385 Acushnet Avenue
New Bedford, MA 02740
(617) 378-2001
dianaa@fairwaymc.com
Address
15 Hurd Street
New Bedford, MA
Contact
(978) 319-6931
Fax (301) 639-0804
earaujo@sagebank.com
Address
174 Union Street
New Bedford, MA
Contact
(508) 535-6007
Fax (301) 639-0804
anne.patacao@rmsmortgage.com
Address
4385 Acushnet Avenue
New Bedford, MA
Contact
(774) 419-6195
Fax (301) 639-0804
tracy.atwood@fairwaymc.com