Compare Today’s Refinance Rates for Royal Oak, Maryland 21662
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Royal Oak, Maryland 21662.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Royal Oak, Maryland 21662. For 30-year amortization refinancing, you can expect lifetime cash savings of $34,361 or $95 per month in Royal Oak and other parts of Talbot county.
Summary of Average Refinances in Royal Oak, Maryland 21662
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Interactive Refinance Rate Projections for Royal Oak, Maryland 21662
Pureloan has developed an interactive chart to monitor the five largest local lenders in Royal Oak, MD 21662, 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 Royal Oak, Maryland 21662 from 2024 - 2016
The following historical data provides insights into refinancing trends in Royal Oak, Maryland and the surrounding Talbot 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 Royal Oak, Maryland 21662
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Royal Oak, Maryland 21662, we have compiled a list of top refinance brokers to assist you in the process.
Tommy Meikle-John
Loan Officer
108 W Ridgeville Blvd Ste 201
Mount Airy, MD 21662
(301) 829-7878
tommymeiklejohn@cmsapproved.com
Dan
Loan Officer
602 Center St Ste 103
Mount Airy, MD 21662
(301) 829-5325
dan@communitymortgage4u.com
Denise Trout
Loan Officer
213 Main St
New Windsor, MD 21662
(410) 635-6406
dtrout@newwindsorbank.com
Linda Eberhart
Loan Officer
213 Main St
New Windsor, MD 21662
(410) 635-6406
leberhart@newwindsorbank.com
Melissa Drivers-Reed
Loan Officer
213 Main St
New Windsor, MD 21662
(410) 635-6406
mreed@newwindsorbank.com
Address
108 W Ridgeville Blvd Ste 201
Mount Airy, MD
Contact
(301) 829-7878
Fax (301) 639-0804
tommymeiklejohn@cmsapproved.com
Address
602 Center St Ste 103
Mount Airy, MD
Contact
(301) 829-5325
Fax (301) 639-0804
dan@communitymortgage4u.com
Address
213 Main St
New Windsor, MD
Contact
(410) 635-6406
Fax (301) 639-0804
dtrout@newwindsorbank.com