Compare Today’s Refinance Rates for Midland, Maryland 21542
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Midland, Maryland 21542.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $16,576 over the lifetime of your mortgage, which translates to a monthly savings of $46 in Midland and other areas of Allegany 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.
Summary of Average Refinances in Midland, Maryland 21542
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Interactive Refinance Rate Projections for Midland, Maryland 21542
Pureloan has developed an interactive chart to monitor the five largest local lenders in Midland, MD 21542, 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 Midland, Maryland 21542 from 2024 - 2016
The following historical data provides insights into refinancing trends in Midland, Maryland and the surrounding Allegany 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 | 33.33% | 44.26% | 46.64% | 47.95% | 80.00% | 65.52% | 40.54% | 59.26% | 64.10% |
avg refi rate | 7.00% | 3.92% | 2.97% | 3.16% | 4.32% | 4.46% | 3.91% | 3.86% | 4.03% |
% 15 year fixed refinance | 33.33% | 37.70% | 36.94% | 35.09% | 6.67% | 24.14% | 45.95% | 29.63% | 25.64% |
avg refi rate | 5.99% | 3.15% | 2.50% | 2.78% | 3.75% | 4.03% | 3.28% | 3.21% | 3.29% |
Avg credit score | 694.00 | 739.85 | 761.09 | 765.48 | 749.83 | 743.79 | 754.00 | 756.89 | 768.00 |
Avg LTV (loan to value) | 60.00% | 60.39% | 64.83% | 67.49% | 71.73% | 69.55% | 67.38% | 68.24% | 70.38% |
Avg DTI (debt to income) | 36.67 | 34.11 | 32.15 | 30.28 | 32.40 | 35.31 | 33.27 | 31.41 | 29.77 |
Avg refinance insurance % | 2.18% | 2.14% | 3.03% | 2.03% | 2.55% | 2.14% | 2.81% | 4.08% |
Best Refinance Brokers around Midland, Maryland 21542
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Midland, Maryland 21542, we have compiled a list of top refinance brokers to assist you in the process.
Kelli Palamar
Mortgage Loan Officer
24541 Garrett Hwy
McHenry, MD 21542
(301) 387-9057
kpalamar@bbandt.com
Jody Emerick
Mortgage Loan Originator
1275 National Highway
LaVale, MD 21542
(301) 729-3738
jemerick@standardbankpa.com
Bryan Bates
Loan Officer
14602B Mcmullen Hwy.
Cumberland, MD 21542
(843) 449-2250
bbates@alcovamortgage.com
Jason Inglish
Branch Partner
14602B Mcmullen Hwy.
Cumberland, MD 21542
(843) 449-2250
jinglish@alcovamortgage.com
Address
24541 Garrett Hwy
McHenry, MD
Contact
(301) 387-9057
Fax (301) 639-0804
kpalamar@bbandt.com
Address
1275 National Highway
LaVale, MD
Contact
(301) 729-3738
Fax (301) 639-0804
jemerick@standardbankpa.com
Address
14602B Mcmullen Hwy.
Cumberland, MD
Contact
(843) 449-2250
Fax (301) 639-0804
bbates@alcovamortgage.com