Compare Today’s Refinance Rates for Concord, Michigan 49237
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Concord, Michigan 49237.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $9,770 over the lifetime of your mortgage, which translates to a monthly savings of $27 in Concord and other areas of Jackson 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 Concord, Michigan 49237
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Interactive Refinance Rate Projections for Concord, Michigan 49237
Pureloan has developed an interactive chart to monitor the five largest local lenders in Concord, MI 49237, 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 Concord, Michigan 49237 from 2024 - 2016
The following historical data provides insights into refinancing trends in Concord, Michigan and the surrounding Jackson 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 | 84.62% | 50.31% | 51.29% | 50.00% | 62.20% | 51.80% | 45.95% | 45.78% | 42.97% |
| avg refi rate | 6.58% | 3.73% | 3.06% | 3.33% | 4.21% | 4.59% | 4.18% | 3.95% | 4.10% |
| % 15 year fixed refinance | 15.38% | 30.63% | 31.16% | 32.36% | 28.54% | 37.39% | 41.75% | 37.95% | 36.88% |
| avg refi rate | 6.06% | 2.96% | 2.51% | 2.82% | 3.67% | 4.01% | 3.37% | 3.20% | 3.26% |
| Avg credit score | 723.85 | 734.25 | 748.29 | 755.38 | 744.82 | 736.48 | 742.52 | 745.66 | 758.08 |
| Avg LTV (loan to value) | 62.38% | 61.87% | 65.50% | 68.80% | 69.31% | 67.86% | 69.90% | 70.23% | 72.48% |
| Avg DTI (debt to income) | 34.23 | 32.33 | 31.69 | 31.40 | 33.12 | 33.48 | 32.92 | 32.61 | 31.48 |
| Avg refinance insurance % | 0.92% | 1.93% | 2.25% | 3.17% | 4.56% | 3.19% | 3.72% | 3.64% | 5.66% |
Best Refinance Brokers around Concord, Michigan 49237
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Concord, Michigan 49237, we have compiled a list of top refinance brokers to assist you in the process.
Dena Rushton
Loan Officer
3203 Beck Rd. Suite 101
Hillsdale, MI 49237
(517) 437-0452
drushton@apollohomeloans.com
Lara Conley
Branch Manager
611 N Wisner
Jackson, MI 49237
(517) 917-0914
lconley@a2sb.com
Jeff Rolland
Branch Manager
3136 N Adrian Hwy
Adrian, MI 49237
(517) 266-7651
jeff@themortgageteam.us
Jeremy Rolland
Mortgage Loan Originator
3136 N Adrian Hwy
Adrian, MI 49237
(517) 266-7651
jeremy@themortgageteam.us
Martha Koepfle
Mortgage Loan Originator
3136 N Adrian Hwy
Adrian, MI 49237
(517) 266-7651
martha@themortgageteam.us
Address
3203 Beck Rd. Suite 101
Hillsdale, MI
Contact
(517) 437-0452
Fax (301) 639-0804
drushton@apollohomeloans.com
Address
611 N Wisner
Jackson, MI
Contact
(517) 917-0914
Fax (301) 639-0804
lconley@a2sb.com
Address
3136 N Adrian Hwy
Adrian, MI
Contact
(517) 266-7651
Fax (301) 639-0804
jeff@themortgageteam.us