Compare Today’s Refinance Rates for Minneapolis, Minnesota 55470
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Minneapolis, Minnesota 55470.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,553 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Minneapolis and other areas of Hennepin county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Minneapolis, Minnesota 55470
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Interactive Refinance Rate Projections for Minneapolis, Minnesota 55470
Pureloan has developed an interactive chart to monitor the five largest local lenders in Minneapolis, MN 55470, 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 Minneapolis, Minnesota 55470 from 2024 - 2016
The following historical data provides insights into refinancing trends in Minneapolis, Minnesota and the surrounding Hennepin 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 Minneapolis, Minnesota 55470
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Minneapolis, Minnesota 55470, we have compiled a list of top refinance brokers to assist you in the process.
Jeremiah Reuss
Loan officer
1601 Hennepin Ave, Suite 150
Minneapolis, MN 55470
(866) 672-3804
jeremiah.reuss@loanpacific.com
Jennifer Dierkhising
Loan officer
1601 Hennepin Ave, Suite 150
Minneapolis, MN 55470
(866) 672-3804
jennifer.dierkhising@loanpacific.com
Jason Griak
Loan officer
2120 Hennepin Ave
Minneapolis, MN 55470
(612) 767-5607
jason.griak@midwestone.com
Dan Johnson
Branch Manager &
10800 Lyndale Ave S Ste 299
Minneapolis, MN 55470
djohnson@goprime.com
Corey Hennagir
Loan Officer
10800 Lyndale Ave S Ste 299
Minneapolis, MN 55470
chennagir@goprime.com
Address
1601 Hennepin Ave, Suite 150
Minneapolis, MN
Contact
(866) 672-3804
Fax (301) 639-0804
jeremiah.reuss@loanpacific.com
Address
1601 Hennepin Ave, Suite 150
Minneapolis, MN
Contact
(866) 672-3804
Fax (301) 639-0804
jennifer.dierkhising@loanpacific.com
Address
2120 Hennepin Ave
Minneapolis, MN
Contact
(612) 767-5607
Fax (301) 639-0804
jason.griak@midwestone.com