Compare Today’s Refinance Rates for Worcester, Massachusetts 01615
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Worcester, Massachusetts 01615.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $20,930 over the lifetime of your mortgage, which translates to a monthly savings of $58 in Worcester and other areas of Worcester 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 Worcester, Massachusetts 01615
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Interactive Refinance Rate Projections for Worcester, Massachusetts 01615
Pureloan has developed an interactive chart to monitor the five largest local lenders in Worcester, MA 01615, 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 Worcester, Massachusetts 01615 from 2024 - 2016
The following historical data provides insights into refinancing trends in Worcester, Massachusetts and the surrounding Worcester 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% | 40.63% | 35.94% | 36.86% | 60.00% | 61.54% | 37.04% | 55.10% | 42.86% |
avg refi rate | 6.56% | 3.61% | 2.92% | 3.23% | 4.43% | 4.67% | 4.27% | 3.92% | 4.03% |
% 15 year fixed refinance | 29.69% | 37.37% | 40.68% | 25.00% | 23.08% | 44.44% | 28.57% | 28.57% | |
avg refi rate | 2.62% | 2.42% | 2.81% | 4.15% | 3.50% | 3.38% | 3.19% | 3.50% | |
Avg credit score | 758.00 | 739.41 | 756.27 | 757.61 | 741.20 | 741.38 | 729.67 | 755.78 | 761.43 |
Avg LTV (loan to value) | 61.50% | 63.45% | 70.08% | 71.87% | 72.60% | 76.54% | 68.56% | 73.43% | 68.24% |
Avg DTI (debt to income) | 45.00 | 34.13 | 31.34 | 31.14 | 33.80 | 35.77 | 33.30 | 32.47 | 29.76 |
Avg refinance insurance % | 0.47% | 2.43% | 4.36% | 10.05% | 6.08% | 2.74% | 6.47% | 2.05% |
Best Refinance Brokers around Worcester, Massachusetts 01615
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Worcester, Massachusetts 01615, we have compiled a list of top refinance brokers to assist you in the process.
Tania Thomas
Mortgage Loan Officer
1393 Grafton St
Worcester, MA 01615
(508) 782-8074
tthomas@bankatunited.com
Yamilett Sickles
Mortgage Loan Officer
One West Boylston St. #100
Worcester, MA 01615
(860) 709-6717
email:ysickles@bankatunited.com
Edwin Restrepo
Community Development Relationship Manager
295 Park Avenue
Worcester, MA 01615
(508) 890-3434
edwin.restrepo@td.com
Susan Bertenthal
Loan Officer
One Ararat Street
Worcester, MA 01615
(860) 384-2945
sbertenthal@securityfirstmf.com
Michael Morcone
Loan Officer
One Ararat Street
Worcester, MA 01615
(774) 766-0257
mmorcone@securityfirstmf.com
Address
1393 Grafton St
Worcester, MA
Contact
(508) 782-8074
Fax (301) 639-0804
tthomas@bankatunited.com
Address
One West Boylston St. #100
Worcester, MA
Contact
(860) 709-6717
Fax (301) 639-0804
email:ysickles@bankatunited.com
Address
295 Park Avenue
Worcester, MA
Contact
(508) 890-3434
Fax (301) 639-0804
edwin.restrepo@td.com