Compare Today’s Refinance Rates for Erie, Michigan 48133
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Erie, Michigan 48133.
With a 30-year amortization refinance in Erie and surrounding areas of Monroe county, our calculations show that you can expect to save up to $3,946 over the lifetime of your mortgage, or a monthly savings of $11. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Erie, Michigan 48133.
Summary of Average Refinances in Erie, Michigan 48133
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Interactive Refinance Rate Projections for Erie, Michigan 48133
Pureloan has developed an interactive chart to monitor the five largest local lenders in Erie, MI 48133, 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 Erie, Michigan 48133 from 2024 - 2016
The following historical data provides insights into refinancing trends in Erie, Michigan and the surrounding Monroe 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 Erie, Michigan 48133
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Erie, Michigan 48133, we have compiled a list of top refinance brokers to assist you in the process.
Ramona Meadows
Mortgage Loan Originator, VP
7200 Dexter-Ann Arbor Rd
Dexter, MI 48133
(734) 470-5215
ramona.meadows@oldnational.com
Kandis Thompson
Loan Officer
6870 Grand River Rd
Brighton, MI 48133
(810) 844-2229
kthompson@mumloans.com
Mallory Vetoich
Loan Processor
6870 Grand River Rd
Brighton, MI 48133
(810) 844-2372
mvetoich@mumloans.com
Chris Niendorf
Loan Officer
6870 Grand River Rd
Brighton, MI 48133
(810) 714-4735
cniendorf@mumloans.com
Tania Maples
Loan Officer
6870 Grand River Rd
Brighton, MI 48133
(810) 844-2224
tmaples@mumloans.com
Address
7200 Dexter-Ann Arbor Rd
Dexter, MI
Contact
(734) 470-5215
Fax (301) 639-0804
ramona.meadows@oldnational.com
Address
6870 Grand River Rd
Brighton, MI
Contact
(810) 844-2229
Fax (301) 639-0804
kthompson@mumloans.com
Address
6870 Grand River Rd
Brighton, MI
Contact
(810) 844-2372
Fax (301) 639-0804
mvetoich@mumloans.com