Compare Today’s Refinance Rates for Honor, Michigan 49640
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Honor, Michigan 49640.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Honor, Michigan 49640. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,368 or $15 per month in Honor and other parts of Benzie county.
Summary of Average Refinances in Honor, Michigan 49640
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Interactive Refinance Rate Projections for Honor, Michigan 49640
Pureloan has developed an interactive chart to monitor the five largest local lenders in Honor, MI 49640, 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 Honor, Michigan 49640 from 2024 - 2016
The following historical data provides insights into refinancing trends in Honor, Michigan and the surrounding Benzie 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 Honor, Michigan 49640
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Honor, Michigan 49640, 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 49640
(231) 933-9400
ddurbin@bayloans.net
Dave Murdock
Loan Officer
509 E Front St
Traverse City, MI 49640
(231) 946-6300
dave@frontstreetmtg.com
Keith Gillow
Loan Officer
509 E Front St
Traverse City, MI 49640
(231) 946-6300
keith@frontstreetmtg.com
Beth Richter
Loan Officer
509 E Front St
Traverse City, MI 49640
(231) 946-6300
beth@frontstreetmtg.com
Corey Phelps
Loan Officer
509 E Front St
Traverse City, MI 49640
(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