Compare Today’s Refinance Rates for Dearborn, Michigan 48124
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Dearborn, Michigan 48124.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Dearborn, Michigan 48124. For 30-year amortization refinancing, you can expect lifetime cash savings of $12,266 or $34 per month in Dearborn and other parts of Wayne county.
Summary of Average Refinances in Dearborn, Michigan 48124
Become a certified mortgage expert on Pureloan.com
in Dearborn, Michigan 48124
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Dearborn, Michigan 48124
Pureloan has developed an interactive chart to monitor the five largest local lenders in Dearborn, MI 48124, 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 Dearborn, Michigan 48124 from 2024 - 2016
The following historical data provides insights into refinancing trends in Dearborn, Michigan and the surrounding Wayne 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 | 75.00% | 51.25% | 53.89% | 54.26% | 63.42% | 51.47% | 47.40% | 50.31% | 52.20% |
avg refi rate | 6.62% | 3.61% | 2.99% | 3.29% | 4.17% | 4.58% | 4.12% | 3.95% | 4.16% |
% 15 year fixed refinance | 16.67% | 31.58% | 29.43% | 27.60% | 22.42% | 36.70% | 39.13% | 35.64% | 31.73% |
avg refi rate | 5.33% | 2.78% | 2.47% | 2.79% | 3.67% | 3.85% | 3.37% | 3.18% | 3.39% |
Avg credit score | 734.42 | 755.65 | 756.10 | 759.57 | 748.02 | 740.20 | 750.52 | 755.68 | 755.47 |
Avg LTV (loan to value) | 62.85% | 61.95% | 65.28% | 69.15% | 72.24% | 68.61% | 69.84% | 70.83% | 72.03% |
Avg DTI (debt to income) | 38.96 | 33.38 | 31.71 | 31.60 | 33.32 | 33.32 | 32.76 | 31.86 | 31.65 |
Avg refinance insurance % | 2.90% | 1.31% | 2.10% | 3.34% | 5.34% | 3.04% | 3.71% | 3.92% | 4.58% |
Best Refinance Brokers around Dearborn, Michigan 48124
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Dearborn, Michigan 48124, we have compiled a list of top refinance brokers to assist you in the process.
Ryan Stasa
Loan Officer
6 Parklane Blvd Suite 300
Dearborn, MI 48124
(734) 755-0691
ryan.stasa@pnc.com
Michelle Cordell
Loan Officer
6 Parklane Blvd Suite 300
Dearborn, MI 48124
(313) 253-0732
michelle.cordell@pnc.com
David Little
Loan Officer
6 Parklane Blvd Suite 300
Dearborn, MI 48124
(313) 253-0722
david.little@pnc.com
Dave Dzialo
Loan Officer
6 Parklane Blvd Suite 300
Dearborn, MI 48124
(313) 253-0717
dave.dzialo@pnc.com
Ahmad Saad
Remax Leading Edge
25050 Ford Rd
Dearborn, MI 48124
(855) 786-3192
ahmad@reoindustrydirectory.com
Address
6 Parklane Blvd Suite 300
Dearborn, MI
Contact
(734) 755-0691
Fax (301) 639-0804
ryan.stasa@pnc.com
Address
6 Parklane Blvd Suite 300
Dearborn, MI
Contact
(313) 253-0732
Fax (301) 639-0804
michelle.cordell@pnc.com
Address
6 Parklane Blvd Suite 300
Dearborn, MI
Contact
(313) 253-0722
Fax (301) 639-0804
david.little@pnc.com