Compare Today’s Refinance Rates for Minneapolis, Minnesota

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Minneapolis, Minnesota 55422. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $4,383 or $12 / month in Minneapolis and other areas of Hennepin county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Minneapolis, Minnesota 55422.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Minneapolis, Minnesota 55422

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Minneapolis, MN

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Minneapolis, MN 55422, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Minneapolis, MN

Refinance Rates for Minneapolis, Minnesota 55422 from 2013 - 2020

Below are historical data on refinancing in Minneapolis, Minnesota and around Hennepin county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 51.40% 38.97% 40.89% 47.64% 57.09% 54.17% 57.84% 54.36%
avg refi rate 4.74% 4.47% 3.90% 3.72% 4.49% 4.10% 3.91% 3.95%
% 15 year fixed refinance 31.04% 37.74% 38.61% 39.64% 31.49% 27.24% 26.54% 29.64%
avg refi rate 4.16% 3.75% 3.23% 2.98% 3.57% 3.29% 3.15% 3.24%
Avg credit score 774.54 774.91 778.17 773.80 755.50 762.83 757.43 754.21
Avg LTV (loan to value) 64.84% 65.80% 67.97% 69.97% 73.97% 74.53% 74.38% 72.24%
Avg DTI (debt to income) 30.15 29.51 29.09 29.69 33.22 31.84 32.35 32.80
Avg refinance insurance % 1.07% 1.60% 2.25% 3.48% 4.91% 5.60% 5.45% 4.00%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Minneapolis, Minnesota 55422

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Minneapolis, Minnesota 55422, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Jeremiah Reuss

Loan officer

1601 Hennepin Ave, Suite 150

Minneapolis, MN 55422

(866) 672-3804

jeremiah.reuss@loanpacific.com

Jennifer Dierkhising

Loan officer

1601 Hennepin Ave, Suite 150

Minneapolis, MN 55422

(866) 672-3804

jennifer.dierkhising@loanpacific.com

Jason Griak

Loan officer

2120 Hennepin Ave

Minneapolis, MN 55422

(612) 767-5607

jason.griak@midwestone.com

Dan Johnson

Branch Manager &

10800 Lyndale Ave S Ste 299

Minneapolis, MN 55422

djohnson@goprime.com

Corey Hennagir

Loan Officer

10800 Lyndale Ave S Ste 299

Minneapolis, MN 55422

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

Refinancing News for Minneapolis, Minnesota 55422