Compare Today’s Refinance Rates for Highland, Michigan 48356
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Highland, Michigan 48356.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,397 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Highland and other areas of Oakland 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 Highland, Michigan 48356
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Interactive Refinance Rate Projections for Highland, Michigan 48356
Pureloan has developed an interactive chart to monitor the five largest local lenders in Highland, MI 48356, 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 Highland, Michigan 48356 from 2024 - 2016
The following historical data provides insights into refinancing trends in Highland, Michigan and the surrounding Oakland 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 | 82.61% | 58.01% | 56.80% | 55.14% | 62.60% | 54.95% | 52.28% | 52.83% | 54.68% |
avg refi rate | 6.46% | 3.61% | 3.01% | 3.29% | 4.17% | 4.58% | 4.14% | 3.96% | 4.14% |
% 15 year fixed refinance | 13.04% | 26.19% | 26.83% | 26.58% | 21.76% | 32.42% | 34.70% | 33.88% | 31.87% |
avg refi rate | 5.78% | 2.81% | 2.47% | 2.80% | 3.64% | 3.91% | 3.39% | 3.20% | 3.38% |
Avg credit score | 735.75 | 740.32 | 752.34 | 757.61 | 746.87 | 740.69 | 746.29 | 751.67 | 754.48 |
Avg LTV (loan to value) | 62.64% | 61.38% | 65.49% | 69.51% | 73.18% | 67.93% | 70.23% | 71.59% | 72.41% |
Avg DTI (debt to income) | 37.35 | 33.47 | 32.28 | 31.96 | 33.16 | 34.03 | 33.28 | 32.28 | 31.69 |
Avg refinance insurance % | 2.29% | 1.30% | 2.21% | 3.64% | 5.58% | 3.00% | 3.69% | 4.13% | 4.54% |
Best Refinance Brokers around Highland, Michigan 48356
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Highland, Michigan 48356, we have compiled a list of top refinance brokers to assist you in the process.
Blake Ward
Mortgage Loan Officer
36 W. Flint Street
Lake Orion, MI 48356
(248) 690-7559
blake.ward@drmconline.com
Jennifer Nickson
Mortgage Loan Officer
36 W. Flint Street
Lake Orion, MI 48356
(248) 690-7559
jennifer.nickson@drmconline.com
Larry Longcore
Regional Vice President
36 W. Flint Street
Lake Orion, MI 48356
(248) 690-7559
larry.longcore@drmconline.com
Amanda Wilcox
Mortgage Loan Officer
35 Rochester Road
Oakland, MI 48356
(248) 628-2533
awilcox@oxfordbank.com
Anna-Marie Austin
Mortgage Loan Officer
35 Rochester Road
Oakland, MI 48356
(248) 628-2533
aaustin@oxfordbank.com
Address
36 W. Flint Street
Lake Orion, MI
Contact
(248) 690-7559
Fax (301) 639-0804
blake.ward@drmconline.com
Address
36 W. Flint Street
Lake Orion, MI
Contact
(248) 690-7559
Fax (301) 639-0804
jennifer.nickson@drmconline.com
Address
36 W. Flint Street
Lake Orion, MI
Contact
(248) 690-7559
Fax (301) 639-0804
larry.longcore@drmconline.com