Compare Today’s Refinance Rates for Mount Savage, Maryland 21545
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mount Savage, Maryland 21545.
With a 30-year amortization refinance in Mount Savage and surrounding areas of Allegany county, our calculations show that you can expect to save up to $12,453 over the lifetime of your mortgage, or a monthly savings of $35. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Mount Savage, Maryland 21545.
Summary of Average Refinances in Mount Savage, Maryland 21545
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Interactive Refinance Rate Projections for Mount Savage, Maryland 21545
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mount Savage, MD 21545, 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 Mount Savage, Maryland 21545 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mount Savage, 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 Mount Savage, Maryland 21545
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mount Savage, Maryland 21545, 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 21545
(301) 387-9057
kpalamar@bbandt.com
Jody Emerick
Mortgage Loan Originator
1275 National Highway
LaVale, MD 21545
(301) 729-3738
jemerick@standardbankpa.com
Bryan Bates
Loan Officer
14602B Mcmullen Hwy.
Cumberland, MD 21545
(843) 449-2250
bbates@alcovamortgage.com
Jason Inglish
Branch Partner
14602B Mcmullen Hwy.
Cumberland, MD 21545
(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