Compare Today’s Refinance Rates for Saint Louis Park, Minnesota 55436
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Saint Louis Park, Minnesota 55436.
With a 30-year amortization refinance in Saint Louis Park and surrounding areas of Hennepin county, our calculations show that you can expect to save up to $10,544 over the lifetime of your mortgage, or a monthly savings of $29. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Saint Louis Park, Minnesota 55436.
Summary of Average Refinances in Saint Louis Park, Minnesota 55436
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Interactive Refinance Rate Projections for Saint Louis Park, Minnesota 55436
Pureloan has developed an interactive chart to monitor the five largest local lenders in Saint Louis Park, MN 55436, 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 Saint Louis Park, Minnesota 55436 from 2024 - 2016
The following historical data provides insights into refinancing trends in Saint Louis Park, 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 Saint Louis Park, Minnesota 55436
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Saint Louis Park, Minnesota 55436, we have compiled a list of top refinance brokers to assist you in the process.
Terri Trainer
Home Mortgage Consultant
5116 Vernon Ave South
Edina, MN 55436
(612) 667-4103
Terri.L.Trainer@WellsFargo.com
Becky Weber
Home Mortgage Consultant
5116 Vernon Ave. S.
Edina, MN 55436
(612) 316-4842
Becky.Weber@wellsfargo.com
Ronald Kibiger
Loan Officer
9140 Baltimore St NE Ste 130
Minneapolis, MN 55436
(763) 784-8700
rkibiger@envoymortgage.com
Jennifer Hanna
Mortgage Sales Associate
2407 109th Ave NE Ste 100
Minneapolis, MN 55436
(763) 795-1908
jenny.hanna@edinarealtymortgage.com
Nathan Raich
Loan Officer
9140 Baltimore St NE Ste 130
Minneapolis, MN 55436
(763) 784-8700
nraich@envoymtg.com
Address
5116 Vernon Ave South
Edina, MN
Contact
(612) 667-4103
Fax (301) 639-0804
Terri.L.Trainer@WellsFargo.com
Address
5116 Vernon Ave. S.
Edina, MN
Contact
(612) 316-4842
Fax (301) 639-0804
Becky.Weber@wellsfargo.com
Address
9140 Baltimore St NE Ste 130
Minneapolis, MN
Contact
(763) 784-8700
Fax (301) 639-0804
rkibiger@envoymortgage.com