Compare Today’s Refinance Rates for Bruce Crossing, Michigan 49912
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Bruce Crossing, Michigan 49912.
With a 30-year amortization refinance in Bruce Crossing and surrounding areas of Ontonagon county, our calculations show that you can expect to save up to $2,823 over the lifetime of your mortgage, or a monthly savings of $8. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Bruce Crossing, Michigan 49912.
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Summary of Average Refinances in Bruce Crossing, Michigan 49912
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Interactive Refinance Rate Projections for Bruce Crossing, Michigan 49912
Pureloan has developed an interactive chart to monitor the five largest local lenders in Bruce Crossing, MI 49912, 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 Bruce Crossing, Michigan 49912 from 2024 - 2016
The following historical data provides insights into refinancing trends in Bruce Crossing, Michigan and the surrounding Ontonagon 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 | |
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% 30 year fixed refinance | 79.17% | 50.17% | 51.23% | 48.15% | 55.35% | 57.58% | 50.63% | 47.31% | 47.17% |
avg refi rate | 6.36% | 3.76% | 3.03% | 3.30% | 4.24% | 4.56% | 4.16% | 3.93% | 4.04% |
% 15 year fixed refinance | 8.33% | 31.14% | 29.67% | 32.75% | 28.46% | 29.60% | 36.22% | 40.65% | 37.48% |
avg refi rate | 6.19% | 2.85% | 2.46% | 2.76% | 3.58% | 3.91% | 3.36% | 3.13% | 3.27% |
Avg credit score | 759.46 | 752.15 | 751.19 | 758.40 | 749.29 | 742.24 | 744.05 | 752.44 | 755.00 |
Avg LTV (loan to value) | 64.54% | 60.40% | 65.25% | 69.16% | 70.63% | 69.18% | 70.75% | 69.76% | 70.89% |
Avg DTI (debt to income) | 34.83 | 31.92 | 30.91 | 30.30 | 31.58 | 32.68 | 31.70 | 31.22 | 30.45 |
Avg refinance insurance % | 4.63% | 1.86% | 2.13% | 3.38% | 4.10% | 3.92% | 3.95% | 3.82% | 4.13% |
Best Refinance Brokers around Bruce Crossing, Michigan 49912
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Bruce Crossing, Michigan 49912, we have compiled a list of top refinance brokers to assist you in the process.
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