Compare Today’s Refinance Rates for Freeport, Maine 04033
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Freeport, Maine 04033.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Freeport, Maine 04033. For 30-year amortization refinancing, you can expect lifetime cash savings of $11,343 or $32 per month in Freeport and other parts of Cumberland county.
Summary of Average Refinances in Freeport, Maine 04033
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Interactive Refinance Rate Projections for Freeport, Maine 04033
Pureloan has developed an interactive chart to monitor the five largest local lenders in Freeport, ME 04033, 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 Freeport, Maine 04033 from 2024 - 2016
The following historical data provides insights into refinancing trends in Freeport, Maine and the surrounding Cumberland 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 | 88.00% | 61.11% | 55.15% | 50.19% | 63.66% | 61.44% | 48.37% | 46.50% | 46.31% |
avg refi rate | 6.35% | 3.79% | 2.97% | 3.25% | 4.14% | 4.43% | 4.04% | 3.86% | 4.02% |
% 15 year fixed refinance | 12.00% | 20.71% | 25.90% | 31.28% | 24.15% | 27.97% | 34.97% | 40.74% | 35.62% |
avg refi rate | 5.75% | 2.89% | 2.45% | 2.75% | 3.56% | 3.81% | 3.27% | 2.98% | 3.16% |
Avg credit score | 731.96 | 741.37 | 753.45 | 760.44 | 754.50 | 743.73 | 749.06 | 758.83 | 755.11 |
Avg LTV (loan to value) | 58.24% | 61.56% | 65.27% | 67.46% | 68.34% | 66.51% | 68.35% | 67.49% | 69.49% |
Avg DTI (debt to income) | 36.60 | 31.85 | 30.17 | 29.35 | 31.01 | 30.14 | 31.10 | 29.77 | 30.31 |
Avg refinance insurance % | 1.68% | 1.17% | 2.30% | 2.96% | 3.26% | 2.85% | 2.72% | 3.12% | 3.65% |
Best Refinance Brokers around Freeport, Maine 04033
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Freeport, Maine 04033, we have compiled a list of top refinance brokers to assist you in the process.
Julie Viola
Loan Officer
10 Wentworth Dr
Gorham, ME 04033
(207) 222-1495
jviola@gorhamsavingsbank.com
Kim Donnelly
Loan Officer
10 Wentworth Dr
Gorham, ME 04033
(207) 222-1499
kdonnelly@gorhamsavingsbank.com
Darrell Herbert
Lender
65 Main St
Gorham, ME 04033
2221506
dherbert@norwaysavingsbank.com
Michele Bedigan
Assistant Vice President/Mortgage Loan Officer
24 Portland Rd
Gray, ME 04033
(207) 657-4446
mbedigan@androscogginbank.com
Lisa Mathieu
Loan Officer
45 Main Street
Gorham, ME 04033
(800) 539-2968
lisa_l_mathieu@keybank.com
Address
10 Wentworth Dr
Gorham, ME
Contact
(207) 222-1495
Fax (301) 639-0804
jviola@gorhamsavingsbank.com
Address
10 Wentworth Dr
Gorham, ME
Contact
(207) 222-1499
Fax (301) 639-0804
kdonnelly@gorhamsavingsbank.com
Address
65 Main St
Gorham, ME
Contact
2221506
Fax (301) 639-0804
dherbert@norwaysavingsbank.com