Compare Today’s Refinance Rates for Salisbury, Maryland 21801
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Salisbury, Maryland 21801.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Salisbury, Maryland 21801. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,874 or $19 per month in Salisbury and other parts of Wicomico county.
Summary of Average Refinances in Salisbury, Maryland 21801
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Interactive Refinance Rate Projections for Salisbury, Maryland 21801
Pureloan has developed an interactive chart to monitor the five largest local lenders in Salisbury, MD 21801, 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 Salisbury, Maryland 21801 from 2024 - 2016
The following historical data provides insights into refinancing trends in Salisbury, Maryland and the surrounding Wicomico 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 Salisbury, Maryland 21801
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Salisbury, Maryland 21801, we have compiled a list of top refinance brokers to assist you in the process.
Tripper Heckscher
Mortgage Consultant
1405 S. Salisbury Boulevard
Salisbury, MD 21801
(302) 853-2657
tripper.heckscher@phmloans.com
Yvette Cannon
Loan Officer
801 N Salisbury Blvd.
Salisbury, MD 21801
(443) 736-4801
ycannon@mortgagenetwork.com
Shawn Hunt
Loan Officer
801 N Salisbury Blvd.
Salisbury, MD 21801
(443) 736-4801
shunt@mortgagenetwork.com
Liz Connors
Loan Officer
801 N Salisbury Blvd.
Salisbury, MD 21801
(443) 736-4801
lconnors@mortgagenetwork.com
Kaytlyn Senkbeil
Loan Officer
801 N Salisbury Blvd.
Salisbury, MD 21801
(443) 736-4801
ksenkbeil@mortgagenetwork.com
Address
1405 S. Salisbury Boulevard
Salisbury, MD
Contact
(302) 853-2657
Fax (301) 639-0804
tripper.heckscher@phmloans.com
Address
801 N Salisbury Blvd.
Salisbury, MD
Contact
(443) 736-4801
Fax (301) 639-0804
ycannon@mortgagenetwork.com
Address
801 N Salisbury Blvd.
Salisbury, MD
Contact
(443) 736-4801
Fax (301) 639-0804
shunt@mortgagenetwork.com