Compare Today’s Refinance Rates for Wakefield, Massachusetts 01880
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Wakefield, Massachusetts 01880.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $25,687 over the lifetime of your mortgage, which translates to a monthly savings of $71 in Wakefield and other areas of Middlesex 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 Wakefield, Massachusetts 01880
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Interactive Refinance Rate Projections for Wakefield, Massachusetts 01880
Pureloan has developed an interactive chart to monitor the five largest local lenders in Wakefield, MA 01880, 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 Wakefield, Massachusetts 01880 from 2024 - 2016
The following historical data provides insights into refinancing trends in Wakefield, 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 Wakefield, Massachusetts 01880
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Wakefield, Massachusetts 01880, we have compiled a list of top refinance brokers to assist you in the process.
Mario Portillo
Mortgage Originators
599 North Ave
Wakefield, MA 01880
(800) 246-2009
mportillo@tsbawake24.com
Molly Oneill
Mortgage Originators
599 North Ave
Wakefield, MA 01880
(800) 246-2009
moneill@tsbawake24.com
Mario Giamei
Mortgage Originators
599 North Ave
Wakefield, MA 01880
(800) 246-2009
mgiamei@tsbawake24.com
Maria Consoli
Mortgage Originators
599 North Ave
Wakefield, MA 01880
(800) 246-2009
mconsoli@tsbawake24.com
Julie Little
Mortgage Originators
599 North Ave
Wakefield, MA 01880
(800) 246-2009
jlittle@tsbawake24.com
Address
599 North Ave
Wakefield, MA
Contact
(800) 246-2009
Fax (301) 639-0804
mportillo@tsbawake24.com
Address
599 North Ave
Wakefield, MA
Contact
(800) 246-2009
Fax (301) 639-0804
moneill@tsbawake24.com
Address
599 North Ave
Wakefield, MA
Contact
(800) 246-2009
Fax (301) 639-0804
mgiamei@tsbawake24.com