Compare Today’s Refinance Rates for Sandy Spring, Maryland 20860
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Sandy Spring, Maryland 20860.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Sandy Spring, Maryland 20860. For 30-year amortization refinancing, you can expect lifetime cash savings of $21,939 or $61 per month in Sandy Spring and other parts of Montgomery county.
Summary of Average Refinances in Sandy Spring, Maryland 20860
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Interactive Refinance Rate Projections for Sandy Spring, Maryland 20860
Pureloan has developed an interactive chart to monitor the five largest local lenders in Sandy Spring, MD 20860, 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 Sandy Spring, Maryland 20860 from 2024 - 2016
The following historical data provides insights into refinancing trends in Sandy Spring, Maryland and the surrounding Montgomery 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 | 60.21% | 71.19% | 72.61% | 72.05% | 69.82% | 62.80% | 59.87% | 65.54% | |
avg refi rate | 3.93% | 3.84% | 4.04% | 4.47% | 3.70% | 3.89% | 4.44% | 4.78% | |
% 15 year fixed refinance | 31.56% | 20.49% | 19.64% | 20.29% | 23.70% | 26.67% | 29.18% | 25.80% | |
avg refi rate | 3.09% | 3.00% | 3.18% | 3.48% | 2.94% | 3.22% | 3.70% | 4.22% | |
Avg credit score | 758.23 | 762.35 | 760.55 | 753.93 | 766.77 | 773.57 | 773.03 | 774.46 | |
Avg LTV (loan to value) | 69.84% | 71.95% | 71.97% | 71.35% | 67.28% | 65.23% | 64.31% | 62.38% | |
Avg DTI (debt to income) | 33.34 | 32.84 | 33.00 | 33.50 | 30.55 | 30.16 | 30.57 | 29.82 | |
Avg refinance insurance % | 5.07% | 5.09% | 4.52% | 3.75% | 2.94% | 1.67% | 1.18% | 0.67% |
Best Refinance Brokers around Sandy Spring, Maryland 20860
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Sandy Spring, Maryland 20860, we have compiled a list of top refinance brokers to assist you in the process.
Raj Nanan
Mortgage Consultant/President
3905 National Dr Ste 320
Burtonsville, MD 20860
(301) 384-1200
rajnanan@namcmortgage.com
Bina Nanan
Loan Officer
3905 National Dr Ste 320
Burtonsville, MD 20860
(301) 384-1200
b.raghunath@namcmortgage.com
Griffith Ellis
Mortgage Consultant
3901 National Drive, Suite 170, Building 1
Burtonsville, MD 20860
(240) 388-7091
griffith.ellis@phmloans.com
Jeremy Dillon
Loan Officer
12501 Prosperity Dr Ste 310
Silver Spring, MD 20860
(443) 690-0803
jdillon@gofirsthome.com
Travis Vollmerhausen
Loan Officer
12501 Prosperity Dr Ste 310
Silver Spring, MD 20860
(301) 537-3152
tvollmerhausen@gofirsthome.com
Address
3905 National Dr Ste 320
Burtonsville, MD
Contact
(301) 384-1200
Fax (301) 639-0804
rajnanan@namcmortgage.com
Address
3905 National Dr Ste 320
Burtonsville, MD
Contact
(301) 384-1200
Fax (301) 639-0804
b.raghunath@namcmortgage.com
Address
3901 National Drive, Suite 170, Building 1
Burtonsville, MD
Contact
(240) 388-7091
Fax (301) 639-0804
griffith.ellis@phmloans.com