Compare Today’s Refinance Rates for Memphis, Michigan 48041
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Memphis, Michigan 48041.
With a 30-year amortization refinance in Memphis and surrounding areas of Saint Clair county, our calculations show that you can expect to save up to $5,034 over the lifetime of your mortgage, or a monthly savings of $14. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Memphis, Michigan 48041.
Summary of Average Refinances in Memphis, Michigan 48041
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Interactive Refinance Rate Projections for Memphis, Michigan 48041
Pureloan has developed an interactive chart to monitor the five largest local lenders in Memphis, MI 48041, 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 Memphis, Michigan 48041 from 2024 - 2016
The following historical data provides insights into refinancing trends in Memphis, Michigan and the surrounding Saint Clair 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 Memphis, Michigan 48041
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Memphis, Michigan 48041, we have compiled a list of top refinance brokers to assist you in the process.
Chris Ervin
Loan Originator
53050 Romeo Plank Road
Macomb, GA 48041
(586) 445-0429
cervin@thefsb.com
Lisa Novy
Mortgage Banker
2425 Gratiot Blvd.
Marysville, MI 48041
(810) 364-6574
lisa.m.novy@chase.com
Kay Davis
Branch Manager/Mortgage Specialist
300 S Riverside Suite 105
St. Clair, FL 48041
(810) 201-5804
kdavis@unionhomemortgage.com
Ken Ebaugh
Loan Originator
16100 E. Nine Mile Road
Eastpointe, GA 48041
(586) 445-6716
kebaugh@thefsb.com
Frank Foss
Loan Originator
24335 Harper Ave.
St. Clair Shores, GA 48041
(586) 445-6637
ffoss@thefsb.com
Address
53050 Romeo Plank Road
Macomb, GA
Contact
(586) 445-0429
Fax (301) 639-0804
cervin@thefsb.com
Address
2425 Gratiot Blvd.
Marysville, MI
Contact
(810) 364-6574
Fax (301) 639-0804
lisa.m.novy@chase.com
Address
300 S Riverside Suite 105
St. Clair, FL
Contact
(810) 201-5804
Fax (301) 639-0804
kdavis@unionhomemortgage.com