Compare Today’s Refinance Rates for Empire, Michigan 49630
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Empire, Michigan 49630.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $10,911 over the lifetime of your mortgage, which translates to a monthly savings of $30 in Empire and other areas of Leelanau 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.
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Summary of Average Refinances in Empire, Michigan 49630
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Empire, Michigan 49630
Pureloan has developed an interactive chart to monitor the five largest local lenders in Empire, MI 49630, 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 Empire, Michigan 49630 from 2024 - 2016
The following historical data provides insights into refinancing trends in Empire, Michigan and the surrounding Leelanau 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 Empire, Michigan 49630
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Empire, Michigan 49630, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Norma Corwin
Loan Officer
11470 S. Leelanau Hwy.(M-22)
Empire, MI 49630
(231) 352-5347
ncorwin@ssbankmi.com
Mollie Hammersley
Loan Officer
11470 S. Leelanau Hwy.(M-22)
Empire, MI 49630
(231) 360-0250
mhammersley@ssbankmi.com
Linda Waisanen
Loan Officer
11470 S. Leelanau Hwy.(M-22)
Empire, MI 49630
(231) 943-2549
lwaisanen@ssbankmi.com
Camille Major
Loan Officer
11470 S. Leelanau Hwy.(M-22)
Empire, MI 49630
(989) 448-8748
cmajor@ssbankmi.com
Address
11470 S. Leelanau Hwy.(M-22)
Empire, MI
Contact
(231) 352-5347
Fax (301) 639-0804
ncorwin@ssbankmi.com
Address
11470 S. Leelanau Hwy.(M-22)
Empire, MI
Contact
(231) 360-0250
Fax (301) 639-0804
mhammersley@ssbankmi.com
Address
11470 S. Leelanau Hwy.(M-22)
Empire, MI
Contact
(231) 943-2549
Fax (301) 639-0804
lwaisanen@ssbankmi.com