Compare Today’s Refinance Rates for Georgetown, Maryland 21930
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Georgetown, Maryland 21930.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $14,537 over the lifetime of your mortgage, which translates to a monthly savings of $40 in Georgetown 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 Georgetown, Maryland 21930
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Interactive Refinance Rate Projections for Georgetown, Maryland 21930
Pureloan has developed an interactive chart to monitor the five largest local lenders in Georgetown, MD 21930, 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 Georgetown, Maryland 21930 from 2024 - 2016
The following historical data provides insights into refinancing trends in Georgetown, 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 Georgetown, Maryland 21930
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Georgetown, Maryland 21930, we have compiled a list of top refinance brokers to assist you in the process.
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