Compare Today’s Refinance Rates for Morton, Minnesota 56270
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Morton, Minnesota 56270.
With a 30-year amortization refinance in Morton and surrounding areas of Renville county, our calculations show that you can expect to save up to $3,463 over the lifetime of your mortgage, or a monthly savings of $10. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Morton, Minnesota 56270.
Summary of Average Refinances in Morton, Minnesota 56270
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Interactive Refinance Rate Projections for Morton, Minnesota 56270
Pureloan has developed an interactive chart to monitor the five largest local lenders in Morton, MN 56270, 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 Morton, Minnesota 56270 from 2024 - 2016
The following historical data provides insights into refinancing trends in Morton, Minnesota and the surrounding Renville 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 | 64.29% | 56.17% | 48.70% | 48.31% | 62.87% | 63.89% | 46.74% | 49.03% | 50.00% |
avg refi rate | 6.17% | 3.67% | 2.95% | 3.27% | 4.14% | 4.48% | 4.10% | 3.86% | 4.01% |
% 15 year fixed refinance | 28.57% | 27.66% | 31.57% | 32.07% | 22.36% | 25.93% | 39.67% | 34.74% | 33.98% |
avg refi rate | 5.72% | 2.83% | 2.40% | 2.75% | 3.62% | 3.88% | 3.28% | 3.06% | 3.28% |
Avg credit score | 742.64 | 735.36 | 757.23 | 761.30 | 751.57 | 746.20 | 752.53 | 757.89 | 766.13 |
Avg LTV (loan to value) | 59.57% | 65.60% | 68.08% | 71.32% | 72.98% | 69.31% | 72.86% | 72.22% | 74.48% |
Avg DTI (debt to income) | 35.36 | 34.01 | 31.79 | 31.34 | 33.35 | 32.86 | 31.60 | 30.87 | 30.62 |
Avg refinance insurance % | 3.07% | 2.72% | 3.08% | 4.65% | 5.94% | 3.98% | 5.23% | 4.75% | 5.26% |
Best Refinance Brokers around Morton, Minnesota 56270
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Morton, Minnesota 56270, we have compiled a list of top refinance brokers to assist you in the process.
Lisa Groff
Mortgage Loan Officer
51 Main St S
New London, MN 56270
(320) 262-5219
lgroff@lakeregion.com
Vicki Berberich
Loan Officer
720 Broadway St
Alexandria, MN 56270
(320) 762-4721
vlberberich@bremer.com
Michael Cox
Senior Vice President
1926 W Division St
Saint Cloud, MN 56270
(320) 258-3426
mcox@GSF-mortgage.com
Jennifer Butcher
Loan Officer
1926 W Division St
Saint Cloud, MN 56270
(320) 258-3426
jbutcher@gsf-mortgage.com
Brian Fiskum
Loan Officer
1926 W Division St
Saint Cloud, MN 56270
(320) 258-3426
BFiskum@GSF-mortgage.com
Address
51 Main St S
New London, MN
Contact
(320) 262-5219
Fax (301) 639-0804
lgroff@lakeregion.com
Address
720 Broadway St
Alexandria, MN
Contact
(320) 762-4721
Fax (301) 639-0804
vlberberich@bremer.com
Address
1926 W Division St
Saint Cloud, MN
Contact
(320) 258-3426
Fax (301) 639-0804
mcox@GSF-mortgage.com