Compare Today’s Refinance Rates for Bloomfield Hills, Michigan 48302
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Bloomfield Hills, Michigan 48302.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,704 over the lifetime of your mortgage, which translates to a monthly savings of $10 in Bloomfield Hills and other areas of Oakland 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 Bloomfield Hills, Michigan 48302
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Interactive Refinance Rate Projections for Bloomfield Hills, Michigan 48302
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bloomfield Hills, MI 48302, 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 Bloomfield Hills, Michigan 48302 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bloomfield Hills, Michigan and the surrounding Oakland 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 | 82.61% | 58.01% | 56.80% | 55.14% | 62.60% | 54.95% | 52.28% | 52.83% | 54.68% |
avg refi rate | 6.46% | 3.61% | 3.01% | 3.29% | 4.17% | 4.58% | 4.14% | 3.96% | 4.14% |
% 15 year fixed refinance | 13.04% | 26.19% | 26.83% | 26.58% | 21.76% | 32.42% | 34.70% | 33.88% | 31.87% |
avg refi rate | 5.78% | 2.81% | 2.47% | 2.80% | 3.64% | 3.91% | 3.39% | 3.20% | 3.38% |
Avg credit score | 735.75 | 740.32 | 752.34 | 757.61 | 746.87 | 740.69 | 746.29 | 751.67 | 754.48 |
Avg LTV (loan to value) | 62.64% | 61.38% | 65.49% | 69.51% | 73.18% | 67.93% | 70.23% | 71.59% | 72.41% |
Avg DTI (debt to income) | 37.35 | 33.47 | 32.28 | 31.96 | 33.16 | 34.03 | 33.28 | 32.28 | 31.69 |
Avg refinance insurance % | 2.29% | 1.30% | 2.21% | 3.64% | 5.58% | 3.00% | 3.69% | 4.13% | 4.54% |
Best Refinance Brokers around Bloomfield Hills, Michigan 48302
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bloomfield Hills, Michigan 48302, we have compiled a list of top refinance brokers to assist you in the process.
Amber VSoske
Loan r
43252 Woodward Ave Suie 202
Bloomfield Hills, MI 48302
(124) 833-4940
amber.v\'soske@summifunding.ne
Steven Stork
Loan officer
43252 Woodward Ave # 202
Bloomfield Hills, MI 48302
(248) 334-9400
sstork@summitfunding.net
Stephen Stork
Sr. Loan Officer
43252 Woodward Ave, Suite 202
Bloomfield Hills, MI 48302
(248) 334-9400
steves@goldenmc.com
Robert Kaye
Senior Loan Officer
43252 Woodward Ave, Suite 202
Bloomfield Hills, MI 48302
(248) 334-9400
rob@goldenmc.com
Michael Labara
Loan officer
43252 Woodward Ave # 202
Bloomfield Hills, MI 48302
(248) 342-6810
michael@goldenmc.com
Address
43252 Woodward Ave Suie 202
Bloomfield Hills, MI
Contact
(124) 833-4940
Fax (301) 639-0804
amber.v\'soske@summifunding.ne
Address
43252 Woodward Ave # 202
Bloomfield Hills, MI
Contact
(248) 334-9400
Fax (301) 639-0804
sstork@summitfunding.net
Address
43252 Woodward Ave, Suite 202
Bloomfield Hills, MI
Contact
(248) 334-9400
Fax (301) 639-0804
steves@goldenmc.com