Compare Today’s Refinance Rates for Sterling Heights, Michigan 48312
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Sterling Heights, Michigan 48312.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,339 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Sterling Heights and other areas of Macomb county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Sterling Heights, Michigan 48312
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Interactive Refinance Rate Projections for Sterling Heights, Michigan 48312
Pureloan has developed an interactive chart to monitor the five largest local lenders in Sterling Heights, MI 48312, 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 Sterling Heights, Michigan 48312 from 2024 - 2016
The following historical data provides insights into refinancing trends in Sterling Heights, 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 Sterling Heights, Michigan 48312
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Sterling Heights, Michigan 48312, we have compiled a list of top refinance brokers to assist you in the process.
Lisa Doherty
Loan Officer
44444 Mound Rd.Suite 500
Sterling Heights, MI 48312
(586) 243-7716
ldoherty@huronvalleyfinancial.com
Dennis Bobby
Loan Officer
44444 Mound Rd.Suite 500
Sterling Heights, MI 48312
(586) 803-4151
dbobby@huronvalleyfinancial.com
Shari Cheick
Mortgage Banker
39900 Van Dyke
Sterling Heights, MI 48312
(58) 620-6318
shari.cheick@chase.com
Tracy ONeill
Mortgage Loan Originator
13900 Lakeside Circle, Ste. 201
Sterling Heights, MI 48312
(734) 422-5200
tracyo@glmf.com
Tracy Collins
Mortgage Loan Originator
13900 Lakeside Circle, Ste. 201
Sterling Heights, MI 48312
(58) 648-5577
tracy@glmf.com
Address
44444 Mound Rd.Suite 500
Sterling Heights, MI
Contact
(586) 243-7716
Fax (301) 639-0804
ldoherty@huronvalleyfinancial.com
Address
44444 Mound Rd.Suite 500
Sterling Heights, MI
Contact
(586) 803-4151
Fax (301) 639-0804
dbobby@huronvalleyfinancial.com
Address
39900 Van Dyke
Sterling Heights, MI
Contact
(58) 620-6318
Fax (301) 639-0804
shari.cheick@chase.com