Compare Today’s Refinance Rates for Chesapeake Beach, Maryland 20732
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Chesapeake Beach, Maryland 20732.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $13,782 over the lifetime of your mortgage, which translates to a monthly savings of $38 in Chesapeake Beach and other areas of Calvert 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 Chesapeake Beach, Maryland 20732
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Interactive Refinance Rate Projections for Chesapeake Beach, Maryland 20732
Pureloan has developed an interactive chart to monitor the five largest local lenders in Chesapeake Beach, MD 20732, 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 Chesapeake Beach, Maryland 20732 from 2024 - 2016
The following historical data provides insights into refinancing trends in Chesapeake Beach, Maryland and the surrounding Calvert 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 Chesapeake Beach, Maryland 20732
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Chesapeake Beach, Maryland 20732, we have compiled a list of top refinance brokers to assist you in the process.
Albany Breckenridge
Loan Officer
8901 Woodyard Road
Clinton, MD 20732
(202) 868-1009
albany.breckenridge@bankofamerica.com
Denise Switzer
Mortgage Consultant/Market Manager
517 Main St
Laurel, MD 20732
(410) 925-1677
denise.k.switzer@pncmortgage.com
Fatou Kaba
Mortgage Loan Officer
517 Main St
Laurel, MD 20732
fatou.kaba@pncmortgage.com
Larry Burnett
Loan Officer
16701 Melford Blvd Ste 311
Bowie, MD 20732
(443) 223-7066
lburnett@gofirsthome.com
Ryan Paquin
Loan Officer
16701 Melford Blvd Ste 311
Bowie, MD 20732
(301) 332-1589
rpaquin@gofirsthome.com
Address
8901 Woodyard Road
Clinton, MD
Contact
(202) 868-1009
Fax (301) 639-0804
albany.breckenridge@bankofamerica.com
Address
517 Main St
Laurel, MD
Contact
(410) 925-1677
Fax (301) 639-0804
denise.k.switzer@pncmortgage.com
Address
517 Main St
Laurel, MD
Contact
Fax (301) 639-0804
fatou.kaba@pncmortgage.com