Compare Today’s Refinance Rates for Bangor, Maine 04401
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Bangor, Maine 04401.
With a 30-year amortization refinance in Bangor and surrounding areas of Penobscot county, our calculations show that you can expect to save up to $10,187 over the lifetime of your mortgage, or a monthly savings of $28. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Bangor, Maine 04401.
Summary of Average Refinances in Bangor, Maine 04401
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Interactive Refinance Rate Projections for Bangor, Maine 04401
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bangor, ME 04401, 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 Bangor, Maine 04401 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bangor, Maine and the surrounding Penobscot 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 | 69.57% | 46.70% | 49.16% | 46.71% | 53.93% | 46.01% | 40.88% | 49.93% | 50.94% |
avg refi rate | 6.55% | 3.58% | 3.01% | 3.29% | 4.18% | 4.58% | 4.16% | 4.00% | 4.16% |
% 15 year fixed refinance | 13.04% | 34.84% | 30.73% | 33.27% | 26.83% | 39.91% | 43.38% | 35.80% | 35.16% |
avg refi rate | 5.54% | 2.71% | 2.48% | 2.80% | 3.65% | 3.91% | 3.33% | 3.16% | 3.34% |
Avg credit score | 746.57 | 738.48 | 751.00 | 756.35 | 746.91 | 737.90 | 747.54 | 752.53 | 755.66 |
Avg LTV (loan to value) | 60.17% | 63.95% | 68.28% | 72.10% | 72.37% | 73.05% | 74.94% | 75.20% | 76.86% |
Avg DTI (debt to income) | 37.43 | 33.27 | 31.70 | 31.64 | 33.96 | 34.55 | 32.58 | 32.92 | 32.37 |
Avg refinance insurance % | 1.61% | 1.44% | 2.53% | 4.15% | 5.48% | 4.38% | 5.34% | 6.05% | 7.26% |
Best Refinance Brokers around Bangor, Maine 04401
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bangor, Maine 04401, we have compiled a list of top refinance brokers to assist you in the process.
Rob Cross
Loan Officer
40 Summer St., Suite 1A
Bangor, ME 04401
(800) 640-0753
rob.cross@rmsmortgage.com
Glen Hudgens
Loan Officer
40 Summer St., Suite 1A
Bangor, ME 04401
(800) 640-0753
glen.hudgens@rmsmortgage.com
Dana Ward
Loan Officer
262 Harlow St
Bangor, ME 04401
(207) 973-3500
dward@penquis.org
Heather Massow
Loan Officer
262 Harlow St
Bangor, ME 04401
(207) 973-3500
hmassow@penquis.org
Rick Burgess
Loan Officer
53 Crogan Rd
Bangor, ME 04401
(207) 848-7500
rick.burgess@mainelymortgages.com
Address
40 Summer St., Suite 1A
Bangor, ME
Contact
(800) 640-0753
Fax (301) 639-0804
rob.cross@rmsmortgage.com
Address
40 Summer St., Suite 1A
Bangor, ME
Contact
(800) 640-0753
Fax (301) 639-0804
glen.hudgens@rmsmortgage.com
Address
262 Harlow St
Bangor, ME
Contact
(207) 973-3500
Fax (301) 639-0804
dward@penquis.org