Compare Today’s Refinance Rates for Flat Rock, Michigan 48134
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Flat Rock, Michigan 48134.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,626 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Flat Rock and other areas of Wayne 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 Flat Rock, Michigan 48134
Become a certified mortgage expert on Pureloan.com
in Flat Rock, Michigan 48134
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Flat Rock, Michigan 48134
Pureloan has developed an interactive chart to monitor the five largest local lenders in Flat Rock, MI 48134, 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 Flat Rock, Michigan 48134 from 2024 - 2016
The following historical data provides insights into refinancing trends in Flat Rock, 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 Flat Rock, Michigan 48134
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Flat Rock, Michigan 48134, 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 48134
(734) 470-5215
ramona.meadows@oldnational.com
Kandis Thompson
Loan Officer
6870 Grand River Rd
Brighton, MI 48134
(810) 844-2229
kthompson@mumloans.com
Mallory Vetoich
Loan Processor
6870 Grand River Rd
Brighton, MI 48134
(810) 844-2372
mvetoich@mumloans.com
Chris Niendorf
Loan Officer
6870 Grand River Rd
Brighton, MI 48134
(810) 714-4735
cniendorf@mumloans.com
Tania Maples
Loan Officer
6870 Grand River Rd
Brighton, MI 48134
(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