Compare Today’s Refinance Rates for Grand Rapids, Michigan 49501
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Grand Rapids, Michigan 49501.
With a 30-year amortization refinance in Grand Rapids and surrounding areas of Kent county, our calculations show that you can expect to save up to $6,441 over the lifetime of your mortgage, or a monthly savings of $18. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Grand Rapids, Michigan 49501.
Summary of Average Refinances in Grand Rapids, Michigan 49501
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Interactive Refinance Rate Projections for Grand Rapids, Michigan 49501
Pureloan has developed an interactive chart to monitor the five largest local lenders in Grand Rapids, MI 49501, 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 Grand Rapids, Michigan 49501 from 2024 - 2016
The following historical data provides insights into refinancing trends in Grand Rapids, Michigan and the surrounding Kent 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 | 85.00% | 62.02% | 61.71% | 58.34% | 59.93% | 50.85% | 48.17% | 47.29% | 45.57% |
avg refi rate | 6.47% | 3.58% | 3.05% | 3.35% | 4.24% | 4.66% | 4.13% | 3.95% | 4.08% |
% 15 year fixed refinance | 15.00% | 24.29% | 24.10% | 26.37% | 25.68% | 38.14% | 39.22% | 39.08% | 39.36% |
avg refi rate | 5.67% | 2.78% | 2.53% | 2.87% | 3.70% | 3.95% | 3.37% | 3.21% | 3.33% |
Avg credit score | 728.50 | 736.39 | 758.11 | 757.54 | 748.23 | 771.92 | 741.79 | 746.39 | 754.55 |
Avg LTV (loan to value) | 59.70% | 60.51% | 63.76% | 68.52% | 68.19% | 65.61% | 67.71% | 70.69% | 72.67% |
Avg DTI (debt to income) | 38.45 | 32.61 | 30.96 | 30.09 | 31.90 | 32.90 | 32.55 | 30.64 | 30.69 |
Avg refinance insurance % | 2.10% | 0.87% | 1.91% | 3.74% | 3.98% | 2.83% | 2.67% | 3.73% | 4.48% |
Best Refinance Brokers around Grand Rapids, Michigan 49501
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Grand Rapids, Michigan 49501, we have compiled a list of top refinance brokers to assist you in the process.
Tom Marrinan
Mortgage Loan Specialist
4460 Cascade Road Se
Grand Rapids, MI 49501
(616) 771-5774
brett.blohm@53.com
Steven Goodin
Mortgage Loan Specialist
3715 28Th Street
Grand Rapids, MI 49501
(616) 771-5161
kara.mitchell@53.com
Fern Hollingshead
Mortgage Loan Specialist
2465 Burton Se
Grand Rapids, MI 49501
(616) 822-6529
anthony.wylie@53.com
Robert Batterbee
Mortgage Loan Specialist
1967 East Beltline Ave Ne
Grand Rapids, MI 49501
(616) 771-4371
james.stephens@53.com
Marvin Rankin
Mortgage Loan Specialist
1850 East Paris Se
Grand Rapids, MI 49501
(616) 653-9167
robert.batterbee@53.com
Address
4460 Cascade Road Se
Grand Rapids, MI
Contact
(616) 771-5774
Fax (301) 639-0804
brett.blohm@53.com
Address
3715 28Th Street
Grand Rapids, MI
Contact
(616) 771-5161
Fax (301) 639-0804
kara.mitchell@53.com
Address
2465 Burton Se
Grand Rapids, MI
Contact
(616) 822-6529
Fax (301) 639-0804
anthony.wylie@53.com