Compare Today’s Refinance Rates for Mechanicsville, Maryland 20659
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Mechanicsville, Maryland 20659.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Mechanicsville, Maryland 20659. For 30-year amortization refinancing, you can expect lifetime cash savings of $30,399 or $84 per month in Mechanicsville and other parts of Saint Marys county.
Summary of Average Refinances in Mechanicsville, Maryland 20659
Become a certified mortgage expert on Pureloan.com
in Mechanicsville, Maryland 20659
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Mechanicsville, Maryland 20659
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mechanicsville, MD 20659, 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 Mechanicsville, Maryland 20659 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mechanicsville, Maryland and the surrounding Saint Marys 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 Mechanicsville, Maryland 20659
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mechanicsville, Maryland 20659, we have compiled a list of top refinance brokers to assist you in the process.
Denise Switzer
Mortgage Consultant/Market Manager
517 Main St
Laurel, MD 20659
(410) 925-1677
denise.k.switzer@pncmortgage.com
Fatou Kaba
Mortgage Loan Officer
517 Main St
Laurel, MD 20659
fatou.kaba@pncmortgage.com
Larry Burnett
Loan Officer
16701 Melford Blvd Ste 311
Bowie, MD 20659
(443) 223-7066
lburnett@gofirsthome.com
Ryan Paquin
Loan Officer
16701 Melford Blvd Ste 311
Bowie, MD 20659
(301) 332-1589
rpaquin@gofirsthome.com
Neville Halstead
Mortgage Loan Officer
4201 Northview Dr Ste 223
Bowie, MD 20659
(301) 352-3560
neville.halstead@pncmortgage.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
Address
16701 Melford Blvd Ste 311
Bowie, MD
Contact
(443) 223-7066
Fax (301) 639-0804
lburnett@gofirsthome.com