Compare Today’s Refinance Rates for Southfield, Michigan

Pureloan analyzes refinance lenders to give you the best real-time home refi rates for Southfield, Michigan 48037. Search for lower interest rates, cash-out refi, or a home equity loan. For 30-year amortization refinancing in Southfield and other areas of Oakland county, expected lifetime cash savings are $24,251 or $67 / month.

For Southfield, Michigan 48037, Pureloan’s search engine analyzes all refi loan options including positive equity refinancing, short home refinancing, and HELOC.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.4869 -83.2636

Summary of Average Refinance Terms in Southfield, Michigan 48037

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Southfield, MI

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Southfield, MI 48037, 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 Southfield, MI

Refinance Rates for Southfield, Michigan 48037 from 2014 - 2021

Below are historical data on refinancing in Southfield, 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 Southfield, Michigan 48037

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Southfield, Michigan 48037, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

John Fein

Mortgage Loan Specialist

1000 Town Center Suite 1300

Southfield, MI 48037

(248) 603-0697

marvin.rankin@53.com

Derek Shuk

Mortgage Loan Specialist

1000 Town Center Suite 1300

Southfield, MI 48037

(248) 603-0124

donald.precour@53.com

Zane Carrington

Loan Officer

2000 Town Center Suite 1900

Southfield, MI 48037

(615) 333-1495

zcarrington@sagamoremtg.com

Tracy Cecil

Loan Officer

2000 Town Center Suite 1900

Southfield, MI 48037

(859) 757-7079

tcecil@sagamoremtg.com

Terry McLeroy

Loan Officer

2000 Town Center Suite 1900

Southfield, MI 48037

(317) 252-0064

terrym@sagamoremtg.com

Address

1000 Town Center Suite 1300

Southfield, MI

Contact

(248) 603-0697

Fax (301) 639-0804

marvin.rankin@53.com

Address

1000 Town Center Suite 1300

Southfield, MI

Contact

(248) 603-0124

Fax (301) 639-0804

donald.precour@53.com

Address

2000 Town Center Suite 1900

Southfield, MI

Contact

(615) 333-1495

Fax (301) 639-0804

zcarrington@sagamoremtg.com

Refinancing News for Southfield, Michigan 48037

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