Compare Today’s Refinance Rates for Mendota, Minnesota 55150
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Mendota, Minnesota 55150.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Mendota, Minnesota 55150. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,502 or $10 per month in Mendota and other parts of Dakota county.
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Summary of Average Refinances in Mendota, Minnesota 55150
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Interactive Refinance Rate Projections for Mendota, Minnesota 55150
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mendota, MN 55150, 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 Mendota, Minnesota 55150 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mendota, Minnesota and the surrounding Dakota 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 | |
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% 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 Mendota, Minnesota 55150
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mendota, Minnesota 55150, we have compiled a list of top refinance brokers to assist you in the process.
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