Compare Today’s Refinance Rates for Medford, Minnesota 55049
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Medford, Minnesota 55049.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Medford, Minnesota 55049. For 30-year amortization refinancing, you can expect lifetime cash savings of $14,076 or $39 per month in Medford and other parts of Steele county.
Summary of Average Refinances in Medford, Minnesota 55049
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Interactive Refinance Rate Projections for Medford, Minnesota 55049
Pureloan has developed an interactive chart to monitor the five largest local lenders in Medford, MN 55049, 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 Medford, Minnesota 55049 from 2024 - 2016
The following historical data provides insights into refinancing trends in Medford, Minnesota and the surrounding Steele 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 Medford, Minnesota 55049
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Medford, Minnesota 55049, we have compiled a list of top refinance brokers to assist you in the process.
Daniel Karnowski
Home Mortgage Consultant
1281 Bollenbacher Dr
Northfield, MN 55049
(507) 645-1174
dan.karnowski@edinarealtymortgage.com
Wayne Jarvi
Loan Officer
10503 165th St W
Lakeville, MN 55049
(507) 995-7775
wjarvi@envoymortgage.com
Jeffrey Loftus
Loan Officer
10503 165th St W
Lakeville, MN 55049
(507) 995-7775
jloftus@envoymortgage.com
Lisa Swanson
Loan Officer
10503 165th St W
Lakeville, MN 55049
(952) 388-1633
lswanson@envoymortgage.com
Michelle Moore
Home Mortgage Consultant
17271 Kenyon Ave Ste 102
Lakeville, MN 55049
(952) 898-7035
michelle.moore@edinarealtymortgage.com
Address
1281 Bollenbacher Dr
Northfield, MN
Contact
(507) 645-1174
Fax (301) 639-0804
dan.karnowski@edinarealtymortgage.com
Address
10503 165th St W
Lakeville, MN
Contact
(507) 995-7775
Fax (301) 639-0804
wjarvi@envoymortgage.com
Address
10503 165th St W
Lakeville, MN
Contact
(507) 995-7775
Fax (301) 639-0804
jloftus@envoymortgage.com