Compare Today’s Refinance Rates for Troy, Michigan

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Troy, Michigan 48085. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Troy and surrounding areas of Oakland county, your expected lifetime cash savings are $5,098 or $14 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Troy, Michigan 48085.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.5983 -83.1178

Summary of Average Refinance Terms in Troy, Michigan 48085

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Troy, MI

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Troy, MI 48085, 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 Troy, MI

Refinance Rates for Troy, Michigan 48085 from 2014 - 2021

Below are historical data on refinancing in Troy, 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 Troy, Michigan 48085

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Troy, Michigan 48085, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Marty Pipoly

Mortgage Consultant

4820 Rochester Road

Troy, MI 48085

(248) 210-0412

marty.pipoly@phmloans.com

Justin Hanje

Mortgage Loan Specialist

2282 West Big Beaver

Troy, MI 48085

(248) 458-5750

mark.owen@53.com

Robin Ingalls

Mortgage Loan Specialist

2280 W Big Beaver Road

Troy, MI 48085

(248) 496-3205

debra.spurgeon@53.com

Sean Cragg

Loan officer

2301 West Big Beaver Road

Troy, MI 48085

(734) 634-2470

scragg@townemortgage.com

Jacqueline Rascon

Loan officer

2301 West Big Beaver Road

Troy, MI 48085

(248) 528-7252

jrascon@townemortgage.com

Address

4820 Rochester Road

Troy, MI

Contact

(248) 210-0412

Fax (301) 639-0804

marty.pipoly@phmloans.com

Address

2282 West Big Beaver

Troy, MI

Contact

(248) 458-5750

Fax (301) 639-0804

mark.owen@53.com

Address

2280 W Big Beaver Road

Troy, MI

Contact

(248) 496-3205

Fax (301) 639-0804

debra.spurgeon@53.com

Refinancing News for Troy, Michigan 48085