Compare Today’s Refinance Rates for Richmond, Michigan 48062
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Richmond, Michigan 48062.
With a 30-year amortization refinance in Richmond and surrounding areas of Macomb county, our calculations show that you can expect to save up to $838 over the lifetime of your mortgage, or a monthly savings of $2. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Richmond, Michigan 48062.
Summary of Average Refinances in Richmond, Michigan 48062
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Interactive Refinance Rate Projections for Richmond, Michigan 48062
Pureloan has developed an interactive chart to monitor the five largest local lenders in Richmond, MI 48062, 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 Richmond, Michigan 48062 from 2024 - 2016
The following historical data provides insights into refinancing trends in Richmond, Michigan and the surrounding Macomb 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 Richmond, Michigan 48062
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Richmond, Michigan 48062, we have compiled a list of top refinance brokers to assist you in the process.
Linda Ottenbache
Richard Steffes, Loan Originator
67225 Gratiot
Richmond, GA 48062
(586) 863-9495
lottenbacher@thefsb.com
Randy Hassan
Loan Officer
26236 Woodward Ave
Royal Oak, MI 48062
(248) 548-1813
rhassan@johnadamsmortgage.com
Barbara Payne
Loan Officer
911 Military Street
Port Huron, MI 48062
(810) 488-8068
bpayne@mimutual.com
Dave Voss
Loan Officer
911 Military Street
Port Huron, MI 48062
(810) 300-0996
dvoss@mimutual.com
Dustin Walker
Loan Officer
911 Military Street
Port Huron, MI 48062
(810) 982-9948
dwalker@mimutual.com
Address
67225 Gratiot
Richmond, GA
Contact
(586) 863-9495
Fax (301) 639-0804
lottenbacher@thefsb.com
Address
26236 Woodward Ave
Royal Oak, MI
Contact
(248) 548-1813
Fax (301) 639-0804
rhassan@johnadamsmortgage.com
Address
911 Military Street
Port Huron, MI
Contact
(810) 488-8068
Fax (301) 639-0804
bpayne@mimutual.com