Compare Today’s Refinance Rates for Adrian, Michigan 49221
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Adrian, Michigan 49221.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Adrian, Michigan 49221. For 30-year amortization refinancing, you can expect lifetime cash savings of $2,975 or $8 per month in Adrian and other parts of Lenawee county.
Summary of Average Refinances in Adrian, Michigan 49221
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Interactive Refinance Rate Projections for Adrian, Michigan 49221
Pureloan has developed an interactive chart to monitor the five largest local lenders in Adrian, MI 49221, 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 Adrian, Michigan 49221 from 2024 - 2016
The following historical data provides insights into refinancing trends in Adrian, Michigan and the surrounding Lenawee 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 | 84.62% | 50.31% | 51.29% | 50.00% | 62.20% | 51.80% | 45.95% | 45.78% | 42.97% |
| avg refi rate | 6.58% | 3.73% | 3.06% | 3.33% | 4.21% | 4.59% | 4.18% | 3.95% | 4.10% |
| % 15 year fixed refinance | 15.38% | 30.63% | 31.16% | 32.36% | 28.54% | 37.39% | 41.75% | 37.95% | 36.88% |
| avg refi rate | 6.06% | 2.96% | 2.51% | 2.82% | 3.67% | 4.01% | 3.37% | 3.20% | 3.26% |
| Avg credit score | 723.85 | 734.25 | 748.29 | 755.38 | 744.82 | 736.48 | 742.52 | 745.66 | 758.08 |
| Avg LTV (loan to value) | 62.38% | 61.87% | 65.50% | 68.80% | 69.31% | 67.86% | 69.90% | 70.23% | 72.48% |
| Avg DTI (debt to income) | 34.23 | 32.33 | 31.69 | 31.40 | 33.12 | 33.48 | 32.92 | 32.61 | 31.48 |
| Avg refinance insurance % | 0.92% | 1.93% | 2.25% | 3.17% | 4.56% | 3.19% | 3.72% | 3.64% | 5.66% |
Best Refinance Brokers around Adrian, Michigan 49221
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Adrian, Michigan 49221, we have compiled a list of top refinance brokers to assist you in the process.
William Southard
Mortgage Loan Originator
1422 S Winter St
Adrian, MI 49221
(517) 366-6215
william.southard@oldnational.com
Michelle Haynes
Mortgage Loan Originator
3136 N Adrian Hwy
Adrian, MI 49221
(517) 266-7651
michelle@themortgageteam.us
Martha Koepfle
Mortgage Loan Originator
3136 N Adrian Hwy
Adrian, MI 49221
(517) 266-7651
martha@themortgageteam.us
Jeremy Rolland
Mortgage Loan Originator
3136 N Adrian Hwy
Adrian, MI 49221
(517) 266-7651
jeremy@themortgageteam.us
Jeff Rolland
Branch Manager
3136 N Adrian Hwy
Adrian, MI 49221
(517) 266-7651
jeff@themortgageteam.us
Address
1422 S Winter St
Adrian, MI
Contact
(517) 366-6215
Fax (301) 639-0804
william.southard@oldnational.com
Address
3136 N Adrian Hwy
Adrian, MI
Contact
(517) 266-7651
Fax (301) 639-0804
michelle@themortgageteam.us
Address
3136 N Adrian Hwy
Adrian, MI
Contact
(517) 266-7651
Fax (301) 639-0804
martha@themortgageteam.us