Compare Today’s Refinance Rates for Elkridge, Maryland 21075
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Elkridge, Maryland 21075.
With a 30-year amortization refinance in Elkridge and surrounding areas of Howard county, our calculations show that you can expect to save up to $10,958 over the lifetime of your mortgage, or a monthly savings of $30. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Elkridge, Maryland 21075.
Summary of Average Refinances in Elkridge, Maryland 21075
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Interactive Refinance Rate Projections for Elkridge, Maryland 21075
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elkridge, MD 21075, 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 Elkridge, Maryland 21075 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elkridge, Maryland and the surrounding Howard 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 | 91.67% | 56.57% | 59.37% | 59.77% | 63.96% | 56.72% | 54.98% | 62.60% | 63.21% |
avg refi rate | 6.04% | 3.47% | 2.90% | 3.17% | 4.03% | 4.47% | 4.06% | 3.84% | 4.04% |
% 15 year fixed refinance | 4.17% | 24.28% | 23.20% | 24.43% | 22.03% | 27.63% | 29.78% | 26.30% | 24.22% |
avg refi rate | 3.75% | 2.62% | 2.35% | 2.70% | 3.43% | 3.72% | 3.23% | 3.02% | 3.21% |
Avg credit score | 743.17 | 746.11 | 762.55 | 767.88 | 759.40 | 750.93 | 754.82 | 762.36 | 760.99 |
Avg LTV (loan to value) | 61.50% | 64.27% | 68.26% | 71.16% | 73.28% | 69.35% | 72.07% | 72.28% | 72.52% |
Avg DTI (debt to income) | 35.21 | 32.78 | 30.99 | 30.94 | 33.39 | 34.04 | 33.41 | 32.33 | 32.29 |
Avg refinance insurance % | 0.50% | 1.66% | 2.97% | 4.55% | 6.53% | 3.86% | 5.58% | 5.43% | 5.60% |
Best Refinance Brokers around Elkridge, Maryland 21075
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elkridge, Maryland 21075, we have compiled a list of top refinance brokers to assist you in the process.
Richard Clancy
Mortgage/Financial Advisor
125 High Street, 24th Floor
Boston, MA 21075
(617) 478-6400
Richard.Clancy@morganstanley.com
Devin Condron
Mortgage/Private Wealth Advisor
125 High Street, 24th Floor
Boston, MA 21075
(617) 478-6400
Devin.Condron@morganstanley.com
Stephen Fitzmaurice
Mortgage/Financial Advisor
125 High Street, 24th Floor
Boston, MA 21075
(617) 478-6400
Stephen.Fitzmaurice@morganstanley.com
Ilan Segev
Mortgage/Private Wealth Advisor
125 High Street, 24th Floor
Boston, MA 21075
(617) 478-6400
Ilan.Segev@morganstanley.com
Kenneth Sexter
Mortgage/Private Wealth Advisor
125 High Street, 24th Floor
Boston, MA 21075
(617) 478-6400
Kenneth.Sexter@morganstanley.com
Address
125 High Street, 24th Floor
Boston, MA
Contact
(617) 478-6400
Fax (301) 639-0804
Richard.Clancy@morganstanley.com
Address
125 High Street, 24th Floor
Boston, MA
Contact
(617) 478-6400
Fax (301) 639-0804
Devin.Condron@morganstanley.com
Address
125 High Street, 24th Floor
Boston, MA
Contact
(617) 478-6400
Fax (301) 639-0804
Stephen.Fitzmaurice@morganstanley.com