Compare Today’s Refinance Rates for Monticello, Minnesota 55582
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Monticello, Minnesota 55582.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Monticello, Minnesota 55582. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,253 or $15 per month in Monticello and other parts of Wright county.
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Summary of Average Refinances in Monticello, Minnesota 55582
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Monticello, Minnesota 55582
Pureloan has developed an interactive chart to monitor the five largest local lenders in Monticello, MN 55582, 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 Monticello, Minnesota 55582 from 2024 - 2016
The following historical data provides insights into refinancing trends in Monticello, Minnesota and the surrounding Wright 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 Monticello, Minnesota 55582
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Monticello, Minnesota 55582, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Jeff LaBarre
Mortgage Loan Officer
9240 State Highway 25 NE
Monticello, MN 55582
(763) 295-3456
jefflabarre@edinarealtymortgage.com
Troy Burau
Mortgage Loan Originators
307 Pine St
Monticello, MN 55582
(763) 295-6518
Troy.Burau@usbank.com
Address
9240 State Highway 25 NE
Monticello, MN
Contact
(763) 295-3456
Fax (301) 639-0804
jefflabarre@edinarealtymortgage.com
Address
307 Pine St
Monticello, MN
Contact
(763) 295-6518
Fax (301) 639-0804
Troy.Burau@usbank.com