Compare Today’s Refinance Rates for Madison, Maryland 21648
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Madison, Maryland 21648.
With a 30-year amortization refinance in Madison and surrounding areas of Dorchester county, our calculations show that you can expect to save up to $10,234 over the lifetime of your mortgage, or a monthly savings of $28. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Madison, Maryland 21648.
Summary of Average Refinances in Madison, Maryland 21648
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Interactive Refinance Rate Projections for Madison, Maryland 21648
Pureloan has developed an interactive chart to monitor the five largest local lenders in Madison, MD 21648, 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 Madison, Maryland 21648 from 2024 - 2016
The following historical data provides insights into refinancing trends in Madison, Maryland and the surrounding Dorchester 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 Madison, Maryland 21648
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Madison, Maryland 21648, we have compiled a list of top refinance brokers to assist you in the process.
Dinah Riordan
Loan Officer
324 Pennsylvania Ave
Centreville, MD 21648
(410) 490-3342
driordan@gofirsthome.com
John Boehm
Loan Officer
1567 Postal Rd
Chester, MD 21648
(410) 490-3726
jboehm@gofirsthome.com
Tracy Cohee
Loan Officer
111 N West St Ste C
Easton, MD 21648
(410) 310-8146
tcohee@gofirsthome.com
Rick Rider
Loan Officer
19 Bay St Ste 1
Easton, MD 21648
(410) 310-0520
rrider@gofirsthome.com
RickandTrey Rider
Loan Officer
19 Bay St Ste 1
Easton, MD 21648
(410) 822-2687
trider@gofirsthome.com
Address
324 Pennsylvania Ave
Centreville, MD
Contact
(410) 490-3342
Fax (301) 639-0804
driordan@gofirsthome.com
Address
1567 Postal Rd
Chester, MD
Contact
(410) 490-3726
Fax (301) 639-0804
jboehm@gofirsthome.com
Address
111 N West St Ste C
Easton, MD
Contact
(410) 310-8146
Fax (301) 639-0804
tcohee@gofirsthome.com