Compare Today’s Refinance Rates for Novi, Michigan

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Novi, Michigan 48374. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Novi and surrounding areas of Oakland county, your expected lifetime cash savings are $8,980 or $25 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Novi, Michigan 48374.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.473495 -83.522423

Summary of Average Refinance Terms in Novi, Michigan 48374

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Novi, MI

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Novi, MI 48374, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Novi, MI

Refinance Rates for Novi, Michigan 48374 from 2014 - 2021

Below are historical data on refinancing in Novi, Michigan and around Oakland county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed refinance 45.00% 33.75% 41.13% 43.64% 51.50% 54.98% 52.82% 53.25%
avg refi rate 4.89% 4.61% 3.95% 3.81% 4.57% 4.17% 3.96% 4.02%
% 15 year fixed refinance 42.95% 43.96% 42.24% 43.29% 36.70% 31.70% 33.85% 35.34%
avg refi rate 4.26% 3.87% 3.27% 3.05% 3.62% 3.38% 3.19% 3.26%
Avg credit score 775.41 773.05 772.99 767.37 753.38 754.28 751.83 748.68
Avg LTV (loan to value) 65.48% 67.06% 68.25% 68.15% 72.25% 72.61% 71.50% 69.51%
Avg DTI (debt to income) 29.73 29.11 29.33 29.63 31.68 31.66 32.29 33.35
Avg refinance insurance % 0.86% 0.94% 1.87% 2.20% 4.51% 4.80% 4.13% 3.63%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Novi, Michigan 48374

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Novi, Michigan 48374, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Muhammad Saleem

Associate Broker

26870 Beck Road

Novi, MI 48374

(248) 348-3000

muhammad@reoindustrydirectory.com

Tyson Redifer

Loan Officer

28175 Haggerty Rd.

Novi, MI 48374

(86) 674-1167

tyson.redifer@citizensbank.com

Tom Regan

Loan Officer

28175 Haggerty Road

Novi, MI 48374

(844) 448-1504

tom.regan@citizensbank.com

Ryan French

Loan Officer

28175 Haggerty Rd.

Novi, MI 48374

(844) 259-6616

ryan.french@citizensbank.com

Robert Shannon

Loan Officer

28175 Haggerty Road

Novi, MI 48374

(844) 358-2431

robert.shannon@citizensbank.com

Address

26870 Beck Road

Novi, MI

Contact

(248) 348-3000

Fax (301) 639-0804

muhammad@reoindustrydirectory.com

Address

28175 Haggerty Rd.

Novi, MI

Contact

(86) 674-1167

Fax (301) 639-0804

tyson.redifer@citizensbank.com

Address

28175 Haggerty Road

Novi, MI

Contact

(844) 448-1504

Fax (301) 639-0804

tom.regan@citizensbank.com

Refinancing News for Novi, Michigan 48374