Compare Today’s Refinance Rates for Palmyra, Maine 04965
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Palmyra, Maine 04965.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Palmyra, Maine 04965. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,585 or $16 per month in Palmyra and other parts of Somerset county.
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Summary of Average Refinances in Palmyra, Maine 04965
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Palmyra, Maine 04965
Pureloan has developed an interactive chart to monitor the five largest local lenders in Palmyra, ME 04965, 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 Palmyra, Maine 04965 from 2024 - 2016
The following historical data provides insights into refinancing trends in Palmyra, 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 | 100.00% | 57.79% | 55.43% | 58.06% | 67.18% | 57.80% | 55.56% | 53.26% | 47.76% |
avg refi rate | 6.56% | 3.73% | 2.99% | 3.33% | 4.30% | 4.59% | 4.09% | 3.89% | 4.08% |
% 15 year fixed refinance | 24.57% | 27.41% | 25.60% | 21.96% | 32.57% | 36.11% | 36.81% | 40.06% | |
avg refi rate | 2.77% | 2.49% | 2.79% | 3.58% | 3.96% | 3.32% | 3.18% | 3.26% | |
Avg credit score | 722.88 | 746.80 | 759.08 | 761.94 | 755.05 | 748.63 | 755.84 | 760.09 | 759.58 |
Avg LTV (loan to value) | 58.88% | 55.33% | 60.65% | 65.73% | 67.63% | 66.87% | 67.25% | 68.77% | 66.20% |
Avg DTI (debt to income) | 38.69 | 33.00 | 32.50 | 31.83 | 33.68 | 33.97 | 32.76 | 32.32 | 31.47 |
Avg refinance insurance % | 3.75% | 0.88% | 1.60% | 2.89% | 3.81% | 3.34% | 3.90% | 3.40% | 2.46% |
Best Refinance Brokers around Palmyra, Maine 04965
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Palmyra, Maine 04965, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Debbie Knox
Commercial Loan Officer
13 Elm St
Skowhegan, ME 04965
(207) 858-2544
dknox@skowsavings.com
Kurt Maynard
Commercial Loan Officer
13 Elm St
Skowhegan, ME 04965
(207) 858-2573
kmaynard@skowsavings.com
Jack Ducharme
Commercial Loan Officer
13 Elm St
Skowhegan, ME 04965
(207) 858-2572
jducharme@skowsavings.com
Address
13 Elm St
Skowhegan, ME
Contact
(207) 858-2544
Fax (301) 639-0804
dknox@skowsavings.com
Address
13 Elm St
Skowhegan, ME
Contact
(207) 858-2573
Fax (301) 639-0804
kmaynard@skowsavings.com
Address
13 Elm St
Skowhegan, ME
Contact
(207) 858-2572
Fax (301) 639-0804
jducharme@skowsavings.com