Compare Today’s Refinance Rates for Orrington, Maine 04474
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Orrington, Maine 04474.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,874 over the lifetime of your mortgage, which translates to a monthly savings of $19 in Orrington and other areas of Penobscot county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Orrington, Maine 04474
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Interactive Refinance Rate Projections for Orrington, Maine 04474
Pureloan has developed an interactive chart to monitor the five largest local lenders in Orrington, ME 04474, 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 Orrington, Maine 04474 from 2024 - 2016
The following historical data provides insights into refinancing trends in Orrington, 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 Orrington, Maine 04474
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Orrington, Maine 04474, we have compiled a list of top refinance brokers to assist you in the process.
Victoria Bryant
Mortgage Originator
1768 Atlantic Hwy
Waldoboro, ME 04474
(800) 860-8821
vbryant@camdennational.com
Britt Hatch
Mortgage Originator
1768 Atlantic Hwy
Waldoboro, ME 04474
(800) 860-8821
bhatch@camdennational.com
Tracy King
Mortgage Originator
1768 Atlantic Hwy
Waldoboro, ME 04474
(800) 860-8821
tking@camdennational.com
John Marsh
Senior Vice President/Commercial Lender
105 Front St
Bath, ME 04474
(800) 447-4559
JMarsh@bathsavings.com
Michael Celeste
Vice President/Commercial Lender
105 Front St
Bath, ME 04474
(800) 447-4559
MCeleste@bathsavings.com
Address
1768 Atlantic Hwy
Waldoboro, ME
Contact
(800) 860-8821
Fax (301) 639-0804
vbryant@camdennational.com
Address
1768 Atlantic Hwy
Waldoboro, ME
Contact
(800) 860-8821
Fax (301) 639-0804
bhatch@camdennational.com
Address
1768 Atlantic Hwy
Waldoboro, ME
Contact
(800) 860-8821
Fax (301) 639-0804
tking@camdennational.com