Compare Today’s Refinance Rates for Fairfield, Maine 04937
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Fairfield, Maine 04937.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Fairfield, Maine 04937. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,726 or $13 per month in Fairfield and other parts of Somerset county.
Summary of Average Refinances in Fairfield, Maine 04937
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Interactive Refinance Rate Projections for Fairfield, Maine 04937
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fairfield, ME 04937, 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 Fairfield, Maine 04937 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fairfield, Maine and the surrounding Somerset 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 | 92.00% | 58.67% | 56.77% | 56.14% | 64.97% | 66.28% | 54.33% | 51.54% | 48.64% |
avg refi rate | 6.40% | 3.70% | 3.02% | 3.30% | 4.23% | 4.53% | 4.04% | 3.89% | 4.03% |
% 15 year fixed refinance | 4.00% | 26.89% | 26.30% | 27.88% | 20.83% | 25.36% | 33.15% | 34.71% | 35.50% |
avg refi rate | 5.63% | 2.90% | 2.48% | 2.77% | 3.64% | 3.90% | 3.30% | 3.13% | 3.23% |
Avg credit score | 744.32 | 743.40 | 758.51 | 762.12 | 753.06 | 766.51 | 748.09 | 754.11 | 756.24 |
Avg LTV (loan to value) | 56.44% | 59.61% | 64.02% | 66.46% | 69.19% | 68.54% | 69.83% | 70.28% | 70.83% |
Avg DTI (debt to income) | 34.24 | 32.71 | 31.25 | 30.65 | 31.75 | 32.12 | 31.96 | 31.25 | 31.07 |
Avg refinance insurance % | 3.20% | 1.46% | 1.86% | 2.78% | 5.24% | 3.62% | 4.15% | 3.95% | 3.76% |
Best Refinance Brokers around Fairfield, Maine 04937
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fairfield, Maine 04937, we have compiled a list of top refinance brokers to assist you in the process.
Mark Russell
Branch Manager
222 College Ave
Waterville, ME 04937
(207) 872-5602
mark@kswfcu.org
Denise Robinson
Loan Officer
222 College Ave
Waterville, ME 04937
(207) 872-5602
denise@kswfcu.org
Renee Pellerin
Loan Officer
222 College Ave
Waterville, ME 04937
(207) 872-5602
renee@kswfcu.org
David Grenier
Loan Officer
226 Main St
Waterville, ME 04937
(872) 556-3 Ext. 2314
dgrenier@kennebecsavings.com
Tracy Warren
Loan Officer
226 Main St
Waterville, ME 04937
(872) 556-3 Ext. 2310
twarren@kennebecsavings.com
Address
222 College Ave
Waterville, ME
Contact
(207) 872-5602
Fax (301) 639-0804
mark@kswfcu.org
Address
222 College Ave
Waterville, ME
Contact
(207) 872-5602
Fax (301) 639-0804
denise@kswfcu.org
Address
222 College Ave
Waterville, ME
Contact
(207) 872-5602
Fax (301) 639-0804
renee@kswfcu.org