Compare Today’s Refinance Rates for Colora, Maryland 21917
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Colora, Maryland 21917.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $8,369 over the lifetime of your mortgage, which translates to a monthly savings of $23 in Colora and other areas of Cecil 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.
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Summary of Average Refinances in Colora, Maryland 21917
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Interactive Refinance Rate Projections for Colora, Maryland 21917
Pureloan has developed an interactive chart to monitor the five largest local lenders in Colora, MD 21917, 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 Colora, Maryland 21917 from 2024 - 2016
The following historical data provides insights into refinancing trends in Colora, Maryland and the surrounding Cecil 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% | 57.29% | 63.08% | 64.17% | 67.63% | 67.03% | 59.52% | 62.28% | 55.61% |
avg refi rate | 6.23% | 3.50% | 2.96% | 3.24% | 4.15% | 4.58% | 4.05% | 3.87% | 4.04% |
% 15 year fixed refinance | 24.62% | 22.45% | 21.83% | 17.92% | 23.08% | 29.17% | 25.88% | 34.22% | |
avg refi rate | 2.75% | 2.47% | 2.83% | 3.49% | 3.86% | 3.24% | 3.11% | 3.34% | |
Avg credit score | 723.00 | 736.87 | 755.40 | 760.67 | 757.86 | 754.40 | 757.15 | 758.33 | 758.98 |
Avg LTV (loan to value) | 62.17% | 60.25% | 66.82% | 69.99% | 68.71% | 67.65% | 69.18% | 68.07% | 68.44% |
Avg DTI (debt to income) | 36.33 | 33.56 | 32.39 | 32.17 | 33.44 | 33.82 | 33.36 | 33.46 | 33.35 |
Avg refinance insurance % | 0.80% | 2.99% | 4.25% | 4.71% | 3.49% | 3.96% | 4.59% | 3.62% |
Best Refinance Brokers around Colora, Maryland 21917
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Colora, Maryland 21917, we have compiled a list of top refinance brokers to assist you in the process.
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