Compare Today’s Refinance Rates for Swans Island, Maine 04685
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Swans Island, Maine 04685.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Swans Island, Maine 04685. For 30-year amortization refinancing, you can expect lifetime cash savings of $20,286 or $56 per month in Swans Island and other parts of Hancock county.
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Summary of Average Refinances in Swans Island, Maine 04685
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Interactive Refinance Rate Projections for Swans Island, Maine 04685
Pureloan has developed an interactive chart to monitor the five largest local lenders in Swans Island, ME 04685, 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 Swans Island, Maine 04685 from 2024 - 2016
The following historical data provides insights into refinancing trends in Swans Island, Maine and the surrounding Hancock 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 | 92.31% | 51.52% | 54.38% | 55.37% | 64.30% | 58.42% | 42.30% | 49.48% | 55.01% |
| avg refi rate | 6.53% | 3.58% | 2.97% | 3.25% | 4.06% | 4.53% | 4.11% | 3.90% | 4.07% |
| % 15 year fixed refinance | 3.85% | 28.85% | 26.03% | 27.20% | 22.54% | 29.76% | 41.60% | 33.51% | 29.12% |
| avg refi rate | 4.88% | 2.68% | 2.48% | 2.78% | 3.57% | 3.79% | 3.23% | 3.06% | 3.28% |
| Avg credit score | 746.77 | 752.51 | 763.83 | 766.61 | 756.04 | 740.83 | 748.67 | 758.17 | 755.51 |
| Avg LTV (loan to value) | 62.15% | 58.22% | 64.42% | 69.10% | 72.84% | 68.95% | 70.01% | 71.93% | 74.20% |
| Avg DTI (debt to income) | 38.12 | 29.61 | 28.70 | 28.66 | 30.99 | 30.88 | 30.47 | 28.95 | 29.47 |
| Avg refinance insurance % | 2.77% | 0.82% | 1.79% | 3.33% | 5.95% | 3.38% | 3.53% | 4.48% | 5.21% |
Best Refinance Brokers around Swans Island, Maine 04685
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Swans Island, Maine 04685, we have compiled a list of top refinance brokers to assist you in the process.
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