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.
Summary of Average Refinances in Ann Arbor, Michigan 48113
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Interactive Refinance Rate Projections for Ann Arbor, Michigan 48113
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.
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% |
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.
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