Compare Today’s Refinance Rates for Ann Arbor, Michigan 48113

Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Ann Arbor, Michigan 48113.

Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,397 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Ann Arbor and other areas of Washtenaw 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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.3107 -83.6922 20453

Summary of Average Refinances in Ann Arbor, Michigan 48113

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Refinance Rate Projections for Ann Arbor, Michigan 48113

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to monitor the five largest local lenders in Ann Arbor, MI 48113, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.

Local Refinance Rates in Ann Arbor, Michigan 48113

Ann Arbor is a city in the U.S. state of Michigan and the seat of government of Washtenaw County. The 2020 census recorded its population to be 123,851, making it the fifth-largest city in Michigan. It is the principal city of the Ann Arbor Metropolitan Statistical Area, which encompasses all of Washtenaw County. Read more

Ann Arbor is a city in the U.S. state of Michigan and the seat of government of Washtenaw County. The 2020 census recorded its population to be 123,851, making it the fifth-largest city in Michigan. It is the principal city of the Ann Arbor Metropolitan Statistical Area, which encompasses all of Washtenaw County. Ann Arbor is also included in the Greater Detroit Combined Statistical Area and the Great Lakes megalopolis, the most populated and largest megalopolis in North America.

Ann Arbor is home to the University of Michigan. The university significantly shapes Ann Arbor's economy as it employs about 30,000 workers, including about 12,000 in the medical center. The city's economy is also centered on high technology, with several companies drawn to the area by the university's research and development infrastructure.Ann Arbor was founded in 1824, named after the wives of the village's founders, both named Ann, and the stands of bur oak trees. The city's population grew at a rapid rate in the early to mid-20th century. Read less

Historical Refinance Rates in Ann Arbor, Michigan 48113 from 2024 - 2016

The following historical data provides insights into refinancing trends in Ann Arbor, Michigan and the surrounding Washtenaw 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 75.00% 51.25% 53.89% 54.26% 63.42% 51.47% 47.40% 50.31% 52.20%
avg refi rate 6.62% 3.61% 2.99% 3.29% 4.17% 4.58% 4.12% 3.95% 4.16%
% 15 year fixed refinance 16.67% 31.58% 29.43% 27.60% 22.42% 36.70% 39.13% 35.64% 31.73%
avg refi rate 5.33% 2.78% 2.47% 2.79% 3.67% 3.85% 3.37% 3.18% 3.39%
Avg credit score 734.42 755.65 756.10 759.57 748.02 740.20 750.52 755.68 755.47
Avg LTV (loan to value) 62.85% 61.95% 65.28% 69.15% 72.24% 68.61% 69.84% 70.83% 72.03%
Avg DTI (debt to income) 38.96 33.38 31.71 31.60 33.32 33.32 32.76 31.86 31.65
Avg refinance insurance % 2.90% 1.31% 2.10% 3.34% 5.34% 3.04% 3.71% 3.92% 4.58%

Source: Financial Report of the US Government

Best Refinance Brokers around Ann Arbor, Michigan 48113

If you are considering refinancing your mortgage or obtaining a cash-out refinance in Ann Arbor, Michigan 48113, we have compiled a list of top refinance brokers to assist you in the process.

Name
Address
Contact

Steve Scott

Loan Officer

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI 48113

(734) 634-6069

sscott@huronvalleyfinancial.com

Ron Odenwald

Loan Officer

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI 48113

(734) 669-4284

rodenwald@huronvalleyfinancial.com

Joan Hillman

Loan Officer

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI 48113

(843) 227-2433

jhillman@huronvalleyfinancial.com

Paul Herndon

Loan Officer

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI 48113

(734) 994-5290

pherndon@huronvalleyfinancial.com

Mike Gruley

Loan Officer

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI 48113

(800) 720-7003

mgruley@huronvalleyfinancial.com

Address

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI

Contact

(734) 634-6069

Fax (301) 639-0804

sscott@huronvalleyfinancial.com

Address

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI

Contact

(734) 669-4284

Fax (301) 639-0804

rodenwald@huronvalleyfinancial.com

Address

2395 Oak Valley Dr., Ste. 200

Ann Arbor, MI

Contact

(843) 227-2433

Fax (301) 639-0804

jhillman@huronvalleyfinancial.com

Refinancing News for Ann Arbor, Michigan 48113