Compare Today’s Refinance Rates for Solon, Maine 04979
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Solon, Maine 04979.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Solon, Maine 04979. For 30-year amortization refinancing, you can expect lifetime cash savings of $15,679 or $44 per month in Solon and other parts of Somerset county.
44.967605
-69.833018
1740
Summary of Average Refinances in Solon, Maine 04979
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Solon, Maine 04979
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Solon, Maine 04979
Pureloan has developed an interactive chart to monitor the five largest local lenders in Solon, ME 04979, 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 Solon, Maine 04979 from 2024 - 2016
The following historical data provides insights into refinancing trends in Solon, 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 | 87.50% | 47.41% | 44.03% | 44.26% | 62.44% | 51.88% | 50.23% | 46.45% | 51.87% |
| avg refi rate | 6.44% | 3.75% | 3.00% | 3.26% | 4.32% | 4.58% | 4.08% | 3.92% | 4.08% |
| % 15 year fixed refinance | 12.50% | 40.09% | 37.96% | 40.50% | 27.92% | 32.33% | 38.50% | 38.06% | 39.18% |
| avg refi rate | 5.81% | 2.82% | 2.45% | 2.62% | 3.55% | 3.88% | 3.36% | 3.10% | 3.22% |
| Avg credit score | 741.19 | 747.88 | 755.90 | 763.31 | 755.71 | 752.35 | 751.25 | 753.57 | 756.56 |
| Avg LTV (loan to value) | 61.94% | 54.02% | 61.05% | 64.61% | 68.14% | 63.70% | 68.88% | 68.40% | 69.57% |
| Avg DTI (debt to income) | 33.81 | 33.55 | 32.33 | 31.47 | 33.31 | 33.23 | 32.23 | 32.05 | 31.78 |
| Avg refinance insurance % | 3.88% | 0.71% | 1.79% | 2.05% | 2.96% | 2.55% | 2.85% | 3.89% | 3.50% |
Best Refinance Brokers around Solon, Maine 04979
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Solon, Maine 04979, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
No Records Found
No Records Found