Compare Today’s Refinance Rates for Ocean City, Maryland 21842
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Ocean City, Maryland 21842.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Ocean City, Maryland 21842. For 30-year amortization refinancing, you can expect lifetime cash savings of $10,234 or $28 per month in Ocean City and other parts of Worcester county.
Summary of Average Refinances in Ocean City, Maryland 21842
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Interactive Refinance Rate Projections for Ocean City, Maryland 21842
Pureloan has developed an interactive chart to monitor the five largest local lenders in Ocean City, MD 21842, 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 Ocean City, Maryland 21842 from 2024 - 2016
The following historical data provides insights into refinancing trends in Ocean City, Maryland and the surrounding Worcester 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% | 58.33% | 57.11% | 54.44% | 52.54% | 56.82% | 49.70% | 55.67% | 54.00% |
avg refi rate | 6.20% | 3.56% | 2.98% | 3.26% | 4.28% | 4.59% | 4.12% | 3.92% | 4.06% |
% 15 year fixed refinance | 26.33% | 27.95% | 30.31% | 30.51% | 30.68% | 38.18% | 33.50% | 37.33% | |
avg refi rate | 2.65% | 2.52% | 2.85% | 3.56% | 3.85% | 3.34% | 3.15% | 3.32% | |
Avg credit score | 748.36 | 749.18 | 757.89 | 764.56 | 762.64 | 754.02 | 747.04 | 761.55 | 761.33 |
Avg LTV (loan to value) | 67.64% | 59.79% | 66.17% | 70.20% | 71.21% | 67.40% | 70.77% | 69.53% | 68.69% |
Avg DTI (debt to income) | 37.82 | 33.79 | 33.13 | 32.32 | 33.64 | 35.06 | 34.78 | 31.92 | 33.09 |
Avg refinance insurance % | 5.64% | 1.08% | 1.88% | 3.06% | 3.41% | 3.25% | 4.54% | 3.36% | 2.61% |
Best Refinance Brokers around Ocean City, Maryland 21842
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ocean City, Maryland 21842, we have compiled a list of top refinance brokers to assist you in the process.
Lisa Diesel
Mortgage Consultant
11701 Coastal Highway
Ocean City, MD 21842
(410) 937-1520
lisa.diesel@phmloans.com
Chrissy Maddy
Mortgage Loan Officer
4604 Coastal Hwy�
Ocean City, MD 21842
(410) 213-5049
cmaddy@bbandt.com
Kari Story
Loan Officer
6200 Coastal Hwy
Ocean City, MD 21842
(443) 614-6286
kstory@gofirsthome.com
Ted Gosnell
Loan Officer
6200 Coastal Hwy
Ocean City, MD 21842
(443) 614-6286
tgosnell@gofirsthome.com
Ned Delaney
Loan Officer
6200 Coastal Hwy
Ocean City, MD 21842
(410) 991-7567
ndelaney@gofirsthome.com
Address
11701 Coastal Highway
Ocean City, MD
Contact
(410) 937-1520
Fax (301) 639-0804
lisa.diesel@phmloans.com
Address
4604 Coastal Hwy�
Ocean City, MD
Contact
(410) 213-5049
Fax (301) 639-0804
cmaddy@bbandt.com
Address
6200 Coastal Hwy
Ocean City, MD
Contact
(443) 614-6286
Fax (301) 639-0804
kstory@gofirsthome.com