Compare Today’s Refinance Rates for North East, Maryland 21901
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in North East, Maryland 21901.
With a 30-year amortization refinance in North East and surrounding areas of Cecil county, our calculations show that you can expect to save up to $9,476 over the lifetime of your mortgage, or a monthly savings of $26. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for North East, Maryland 21901.
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Summary of Average Refinances in North East, Maryland 21901
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Interactive Refinance Rate Projections for North East, Maryland 21901
Pureloan has developed an interactive chart to monitor the five largest local lenders in North East, MD 21901, 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 North East, Maryland 21901 from 2024 - 2016
The following historical data provides insights into refinancing trends in North East, 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 North East, Maryland 21901
If you are considering refinancing your mortgage or obtaining a cash-out refinance in North East, Maryland 21901, we have compiled a list of top refinance brokers to assist you in the process.
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