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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

44.885796 -93.161221 23598

Summary of Average Refinances in Mendota, Minnesota 55150

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Refinance Rate Projections for Mendota, Minnesota 55150

Source: Fannie Mae and Freddie Mac


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.

Local Refinance Rates in Mendota, Minnesota 55150

Mendota is a city in Dakota County, Minnesota, United States. The name is derived from the Dakota language, meaning "mouth or junction of one river with another. The population was 198 at the 2010 census.

Mendota is a city in Dakota County, Minnesota, United States. The name is derived from the Dakota language, meaning "mouth or junction of one river with another. The population was 198 at the 2010 census. Read less

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
% 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%

Source: Financial Report of the US Government

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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Refinancing News for Mendota, Minnesota 55150