Compare Today’s Refinance Rates for Cottage Grove, Minnesota 55016
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Cottage Grove, Minnesota 55016.
With a 30-year amortization refinance in Cottage Grove and surrounding areas of Washington county, our calculations show that you can expect to save up to $5,646 over the lifetime of your mortgage, or a monthly savings of $16. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Cottage Grove, Minnesota 55016.
Summary of Average Refinances in Cottage Grove, Minnesota 55016
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Interactive Refinance Rate Projections for Cottage Grove, Minnesota 55016
Pureloan has developed an interactive chart to monitor the five largest local lenders in Cottage Grove, MN 55016, 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 Cottage Grove, Minnesota 55016 from 2024 - 2016
The following historical data provides insights into refinancing trends in Cottage Grove, Minnesota and the surrounding Washington 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 | 86.29% | 57.65% | 59.06% | 59.03% | 67.56% | 62.16% | 55.20% | 55.16% | 55.24% |
avg refi rate | 6.23% | 3.61% | 2.95% | 3.24% | 4.09% | 4.52% | 4.08% | 3.90% | 4.07% |
% 15 year fixed refinance | 8.57% | 25.90% | 24.46% | 24.36% | 18.94% | 26.33% | 29.73% | 28.44% | 27.30% |
avg refi rate | 5.13% | 2.69% | 2.42% | 2.74% | 3.51% | 3.86% | 3.32% | 3.13% | 3.28% |
Avg credit score | 746.97 | 753.31 | 763.34 | 765.84 | 757.11 | 749.04 | 755.45 | 761.32 | 763.45 |
Avg LTV (loan to value) | 64.21% | 62.06% | 65.94% | 69.38% | 72.18% | 69.81% | 71.51% | 73.28% | 74.17% |
Avg DTI (debt to income) | 35.12 | 33.09 | 31.17 | 30.80 | 32.76 | 33.31 | 32.27 | 31.41 | 31.21 |
Avg refinance insurance % | 3.73% | 1.50% | 2.25% | 3.35% | 5.20% | 3.02% | 3.79% | 4.76% | 5.46% |
Best Refinance Brokers around Cottage Grove, Minnesota 55016
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Cottage Grove, Minnesota 55016, we have compiled a list of top refinance brokers to assist you in the process.
RJ Feist
Home Mortgage Consultant
208 LAKE ST S
Forest Lake, MN 55016
(651) 205-7463
RJ.Feist@wellsfargo.com
Anthony Wood
Home Mortgage Consultant
208 South Lake St
Forest Lake, MN 55016
(651) 205-6642
anthony.wood@wellsfargo.com
Dee Turner
Mortgage Loan Officer
2901 Lavender Pkwy
Faribault, MN 55016
(952) 406-9447
deeturner@edinarealtymortgage.com
Wayne Jarvi
Loan Officer
10503 165th St W
Lakeville, MN 55016
(507) 995-7775
wjarvi@envoymortgage.com
Jeffrey Loftus
Loan Officer
10503 165th St W
Lakeville, MN 55016
(507) 995-7775
jloftus@envoymortgage.com
Address
208 LAKE ST S
Forest Lake, MN
Contact
(651) 205-7463
Fax (301) 639-0804
RJ.Feist@wellsfargo.com
Address
208 South Lake St
Forest Lake, MN
Contact
(651) 205-6642
Fax (301) 639-0804
anthony.wood@wellsfargo.com
Address
2901 Lavender Pkwy
Faribault, MN
Contact
(952) 406-9447
Fax (301) 639-0804
deeturner@edinarealtymortgage.com