Compare Today’s Refinance Rates for Cadillac, Michigan 49601
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Cadillac, Michigan 49601.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Cadillac, Michigan 49601. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,036 or $8 per month in Cadillac and other parts of Wexford county.
Summary of Average Refinances in Cadillac, Michigan 49601
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Interactive Refinance Rate Projections for Cadillac, Michigan 49601
Pureloan has developed an interactive chart to monitor the five largest local lenders in Cadillac, MI 49601, 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 Cadillac, Michigan 49601 from 2024 - 2016
The following historical data provides insights into refinancing trends in Cadillac, Michigan and the surrounding Wexford 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 | 100.00% | 57.79% | 55.43% | 58.06% | 67.18% | 57.80% | 55.56% | 53.26% | 47.76% |
avg refi rate | 6.56% | 3.73% | 2.99% | 3.33% | 4.30% | 4.59% | 4.09% | 3.89% | 4.08% |
% 15 year fixed refinance | 24.57% | 27.41% | 25.60% | 21.96% | 32.57% | 36.11% | 36.81% | 40.06% | |
avg refi rate | 2.77% | 2.49% | 2.79% | 3.58% | 3.96% | 3.32% | 3.18% | 3.26% | |
Avg credit score | 722.88 | 746.80 | 759.08 | 761.94 | 755.05 | 748.63 | 755.84 | 760.09 | 759.58 |
Avg LTV (loan to value) | 58.88% | 55.33% | 60.65% | 65.73% | 67.63% | 66.87% | 67.25% | 68.77% | 66.20% |
Avg DTI (debt to income) | 38.69 | 33.00 | 32.50 | 31.83 | 33.68 | 33.97 | 32.76 | 32.32 | 31.47 |
Avg refinance insurance % | 3.75% | 0.88% | 1.60% | 2.89% | 3.81% | 3.34% | 3.90% | 3.40% | 2.46% |
Best Refinance Brokers around Cadillac, Michigan 49601
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Cadillac, Michigan 49601, we have compiled a list of top refinance brokers to assist you in the process.
Katy Huckle
Senior Residential Loan Officer
201 N. Mitchell St., Suite 104
Cadillac, MI 49601
(231) 942-7158
khuckle@ibcp.com
Steve Wurtz
Loan officer
1408 N Mitchell St
Cadillac, MI 49601
(269) 598-9187
steve.wurtz@chemicalbankmi.com
Russell Silver
Loan officer
1408 N Mitchell St
Cadillac, MI 49601
(248) 649-2301
russell.silver@chemicalbankmi.com
Pete Van Oosten
Loan officer
1408 N Mitchell St
Cadillac, MI 49601
(989) 444-9530
peter.vanoosten@chemicalbankmi.com
Peggy Tucker
Loan officer
1408 N Mitchell St
Cadillac, MI 49601
(989) 662-4173
peggy.tucker@chemicalbank.com
Address
201 N. Mitchell St., Suite 104
Cadillac, MI
Contact
(231) 942-7158
Fax (301) 639-0804
khuckle@ibcp.com
Address
1408 N Mitchell St
Cadillac, MI
Contact
(269) 598-9187
Fax (301) 639-0804
steve.wurtz@chemicalbankmi.com
Address
1408 N Mitchell St
Cadillac, MI
Contact
(248) 649-2301
Fax (301) 639-0804
russell.silver@chemicalbankmi.com