Compare Today’s Refinance Rates for Shakopee, Minnesota 55379
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Shakopee, Minnesota 55379.
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 Shakopee and other areas of Scott 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 Shakopee, Minnesota 55379
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Interactive Refinance Rate Projections for Shakopee, Minnesota 55379
Pureloan has developed an interactive chart to monitor the five largest local lenders in Shakopee, MN 55379, 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 Shakopee, Minnesota 55379 from 2024 - 2016
The following historical data provides insights into refinancing trends in Shakopee, Minnesota and the surrounding Scott 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 Shakopee, Minnesota 55379
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Shakopee, Minnesota 55379, we have compiled a list of top refinance brokers to assist you in the process.
TODD KLOHN
Home Mortgage Consultant
1156 Vierling Dr E
Shakopee, MN 55379
(612) 466-5219
TODD.KLOHN@wellsfargo.com
Bridget Ische
Home Mortgage Consultant
380 S Marschall Rd
Shakopee, MN 55379
(612) 667-8035
Bridget.Ische@wellsfargo.com
John Harman
Mortgage Loan Originators
8325 Crossings Blvd
Shakopee, MN 55379
(952) 876-5443
John.Harman@usbank.com
Shane Hofmann
Home Mortgage Consultant
4121 Dean Lakes Blvd
Shakopee, MN 55379
(952) 496-5225
shane.hofmann@edinarealtymortgage.com
John Pestka
Mortgage Retail Sales Representative
200 E Frontage Rd
Waconia, MN 55379
(952) 351-5421
john.pestka@midcountrybank.com
Address
1156 Vierling Dr E
Shakopee, MN
Contact
(612) 466-5219
Fax (301) 639-0804
TODD.KLOHN@wellsfargo.com
Address
380 S Marschall Rd
Shakopee, MN
Contact
(612) 667-8035
Fax (301) 639-0804
Bridget.Ische@wellsfargo.com
Address
8325 Crossings Blvd
Shakopee, MN
Contact
(952) 876-5443
Fax (301) 639-0804
John.Harman@usbank.com