Compare Today’s Refinance Rates for Clio, Michigan 48420
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Clio, Michigan 48420.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,046 over the lifetime of your mortgage, which translates to a monthly savings of $14 in Clio and other areas of Genesee 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 Clio, Michigan 48420
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Interactive Refinance Rate Projections for Clio, Michigan 48420
Pureloan has developed an interactive chart to monitor the five largest local lenders in Clio, MI 48420, 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 Clio, Michigan 48420 from 2024 - 2016
The following historical data provides insights into refinancing trends in Clio, Michigan and the surrounding Genesee 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 | 93.75% | 60.66% | 59.87% | 56.52% | 63.04% | 59.84% | 47.15% | 49.09% | 52.19% |
avg refi rate | 6.30% | 3.63% | 3.05% | 3.33% | 4.29% | 4.60% | 4.13% | 3.97% | 4.13% |
% 15 year fixed refinance | 6.25% | 26.59% | 25.13% | 26.60% | 22.07% | 25.88% | 37.20% | 37.48% | 33.33% |
avg refi rate | 6.25% | 2.78% | 2.51% | 2.84% | 3.83% | 3.92% | 3.38% | 3.17% | 3.35% |
Avg credit score | 740.13 | 736.97 | 745.86 | 754.45 | 747.41 | 743.94 | 746.48 | 749.62 | 755.63 |
Avg LTV (loan to value) | 65.69% | 61.40% | 65.19% | 68.74% | 70.43% | 69.37% | 70.77% | 71.02% | 73.37% |
Avg DTI (debt to income) | 37.75 | 33.31 | 32.30 | 32.20 | 34.00 | 32.85 | 32.54 | 32.36 | 30.98 |
Avg refinance insurance % | 4.19% | 1.56% | 2.15% | 3.16% | 4.06% | 3.07% | 4.11% | 4.35% | 4.76% |
Best Refinance Brokers around Clio, Michigan 48420
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Clio, Michigan 48420, we have compiled a list of top refinance brokers to assist you in the process.
Kathy Wurmlinger
VP, Mortgage Manager
66 N. Howard Ave
Croswell, MI 48420
(810) 398-5126
kwurmlinger@easternmichiganbank.com
Kevin Davis
Mortgage Loan Specialist
5300 S Durand
Durand, MI 48420
(989) 541-3011
terry.walter@53.com
Brian Thomson
Licensed Loan Originator
13509 Gera Rd
Birch Run, MI 48420
(989) 624-0123
BThomson@newexecmtg.com
Kaureen Horan
Licensed Loan Originator
13509 Gera Rd
Birch Run, MI 48420
(989) 317-3407
KHoran@newexecmtg.com
Jim Harris
Loan Officer
786 S Main St
Lapeer, MI 48420
(810) 600-2325
jharris@casonhomeloans.com
Address
66 N. Howard Ave
Croswell, MI
Contact
(810) 398-5126
Fax (301) 639-0804
kwurmlinger@easternmichiganbank.com
Address
5300 S Durand
Durand, MI
Contact
(989) 541-3011
Fax (301) 639-0804
terry.walter@53.com
Address
13509 Gera Rd
Birch Run, MI
Contact
(989) 624-0123
Fax (301) 639-0804
BThomson@newexecmtg.com