Compare Today’s Refinance Rates for Dearborn Heights, Michigan 48125
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Dearborn Heights, Michigan 48125.
With a 30-year amortization refinance in Dearborn Heights and surrounding areas of Wayne county, our calculations show that you can expect to save up to $12,266 over the lifetime of your mortgage, or a monthly savings of $34. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Dearborn Heights, Michigan 48125.
Summary of Average Refinances in Dearborn Heights, Michigan 48125
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Interactive Refinance Rate Projections for Dearborn Heights, Michigan 48125
Pureloan has developed an interactive chart to monitor the five largest local lenders in Dearborn Heights, MI 48125, 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 Heights, Michigan 48125 from 2024 - 2016
The following historical data provides insights into refinancing trends in Dearborn Heights, 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 Heights, Michigan 48125
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Dearborn Heights, Michigan 48125, we have compiled a list of top refinance brokers to assist you in the process.
Steven Branigan
Loan officer
25639 Ford Rd #203
Dearborn Heights, MI 48125
(989) 488-4088
sbranigan@primelending.com
Scott Strouse
Loan officer
25639 Ford Rd #203
Dearborn Heights, MI 48125
(989) 488-4088
sstrouse@primelending.com
Jeffrey Brazier
Loan officer
25639 Ford Rd #203
Dearborn Heights, MI 48125
(616) 202-0140
jeffrey.brazier@primelending.com
Hass Bazzi
Mortgage Banker
24950 W Warren St
Dearborn Heights, MI 48125
(31) 327-8605
hass.bazzi@chase.com
Eddie Naji
Mortgage Banker
24950 W Warren St
Dearborn Heights, MI 48125
(313) 278-9595
eddie.naji@chase.com
Address
25639 Ford Rd #203
Dearborn Heights, MI
Contact
(989) 488-4088
Fax (301) 639-0804
sbranigan@primelending.com
Address
25639 Ford Rd #203
Dearborn Heights, MI
Contact
(989) 488-4088
Fax (301) 639-0804
sstrouse@primelending.com
Address
25639 Ford Rd #203
Dearborn Heights, MI
Contact
(616) 202-0140
Fax (301) 639-0804
jeffrey.brazier@primelending.com