Compare Today’s Refinance Rates for Glen Arbor, Michigan 49636
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Glen Arbor, Michigan 49636.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,046 over the lifetime of your mortgage, which translates to a monthly savings of $14 in Glen Arbor 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.
Summary of Average Refinances in Glen Arbor, Michigan 49636
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Interactive Refinance Rate Projections for Glen Arbor, Michigan 49636
Pureloan has developed an interactive chart to monitor the five largest local lenders in Glen Arbor, MI 49636, 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 Glen Arbor, Michigan 49636 from 2024 - 2016
The following historical data provides insights into refinancing trends in Glen Arbor, 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 Glen Arbor, Michigan 49636
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Glen Arbor, Michigan 49636, we have compiled a list of top refinance brokers to assist you in the process.
Dave Durbin
Loan Officer
109 S Union St
Traverse City, MI 49636
(231) 933-9400
ddurbin@bayloans.net
Dave Murdock
Loan Officer
509 E Front St
Traverse City, MI 49636
(231) 946-6300
dave@frontstreetmtg.com
Keith Gillow
Loan Officer
509 E Front St
Traverse City, MI 49636
(231) 946-6300
keith@frontstreetmtg.com
Beth Richter
Loan Officer
509 E Front St
Traverse City, MI 49636
(231) 946-6300
beth@frontstreetmtg.com
Corey Phelps
Loan Officer
509 E Front St
Traverse City, MI 49636
(231) 946-6300
corey@frontstreetmtg.com
Address
109 S Union St
Traverse City, MI
Contact
(231) 933-9400
Fax (301) 639-0804
ddurbin@bayloans.net
Address
509 E Front St
Traverse City, MI
Contact
(231) 946-6300
Fax (301) 639-0804
dave@frontstreetmtg.com
Address
509 E Front St
Traverse City, MI
Contact
(231) 946-6300
Fax (301) 639-0804
keith@frontstreetmtg.com