Compare Today’s Refinance Rates for Bowie, Maryland 20720
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Bowie, Maryland 20720.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Bowie, Maryland 20720. For 30-year amortization refinancing, you can expect lifetime cash savings of $15,833 or $44 per month in Bowie and other parts of Prince Georges county.
Summary of Average Refinances in Bowie, Maryland 20720
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Interactive Refinance Rate Projections for Bowie, Maryland 20720
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bowie, MD 20720, 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 Bowie, Maryland 20720 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bowie, Maryland and the surrounding Prince Georges 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 | 60.21% | 71.19% | 72.61% | 72.05% | 69.82% | 62.80% | 59.87% | 65.54% | |
avg refi rate | 3.93% | 3.84% | 4.04% | 4.47% | 3.70% | 3.89% | 4.44% | 4.78% | |
% 15 year fixed refinance | 31.56% | 20.49% | 19.64% | 20.29% | 23.70% | 26.67% | 29.18% | 25.80% | |
avg refi rate | 3.09% | 3.00% | 3.18% | 3.48% | 2.94% | 3.22% | 3.70% | 4.22% | |
Avg credit score | 758.23 | 762.35 | 760.55 | 753.93 | 766.77 | 773.57 | 773.03 | 774.46 | |
Avg LTV (loan to value) | 69.84% | 71.95% | 71.97% | 71.35% | 67.28% | 65.23% | 64.31% | 62.38% | |
Avg DTI (debt to income) | 33.34 | 32.84 | 33.00 | 33.50 | 30.55 | 30.16 | 30.57 | 29.82 | |
Avg refinance insurance % | 5.07% | 5.09% | 4.52% | 3.75% | 2.94% | 1.67% | 1.18% | 0.67% |
Best Refinance Brokers around Bowie, Maryland 20720
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bowie, Maryland 20720, we have compiled a list of top refinance brokers to assist you in the process.
Ron Thomas
Loan Officer
16901 Melford Boulevard, Suite 101
Bowie, MD 20720
(301) 571-2710
rthomas@gmmllc.com
Vipin Raj
Senior Loan Officer
16901 Melford Boulevard, Suite 101
Bowie, MD 20720
(301) 571-2703
vraj@gmmllc.com
Tony Dimauro
Branch Manager
16901 Melford Boulevard, Suite 101
Bowie, MD 20720
(301) 571-2702
tdimauro@gmmllc.com
Tony Akins
Loan Officer
16901 Melford Boulevard, Suite 101
Bowie, MD 20720
(301) 571-2713
takins@gmmllc.com
Ron Thomas
Loan Officer
16901 Melford Boulevard, Suite 101
Bowie, MD 20720
(301) 571-2710
ronthomas@gmmllc.com
Address
16901 Melford Boulevard, Suite 101
Bowie, MD
Contact
(301) 571-2710
Fax (301) 639-0804
rthomas@gmmllc.com
Address
16901 Melford Boulevard, Suite 101
Bowie, MD
Contact
(301) 571-2703
Fax (301) 639-0804
vraj@gmmllc.com
Address
16901 Melford Boulevard, Suite 101
Bowie, MD
Contact
(301) 571-2702
Fax (301) 639-0804
tdimauro@gmmllc.com