Compare Today’s Refinance Rates for Horn Lake, Mississippi 38637
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Horn Lake, Mississippi 38637.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $65,639 over the lifetime of your mortgage, which translates to a monthly savings of $182 in Horn Lake and other areas of Desoto 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 Horn Lake, Mississippi 38637
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Interactive Refinance Rate Projections for Horn Lake, Mississippi 38637
Pureloan has developed an interactive chart to monitor the five largest local lenders in Horn Lake, MS 38637, 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 Horn Lake, Mississippi 38637 from 2024 - 2016
The following historical data provides insights into refinancing trends in Horn Lake, Mississippi and the surrounding Desoto 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 | 94.87% | 60.37% | 56.29% | 53.22% | 61.51% | 63.76% | 59.54% | 53.47% | 56.85% |
avg refi rate | 6.35% | 3.93% | 2.98% | 3.27% | 4.43% | 4.59% | 4.22% | 3.98% | 4.08% |
% 15 year fixed refinance | 5.13% | 21.26% | 26.54% | 27.06% | 25.66% | 26.15% | 31.68% | 31.35% | 29.44% |
avg refi rate | 5.69% | 2.84% | 2.44% | 2.85% | 3.58% | 4.06% | 3.49% | 3.23% | 3.37% |
Avg credit score | 744.18 | 736.08 | 741.78 | 751.46 | 742.65 | 737.26 | 730.46 | 741.46 | 752.10 |
Avg LTV (loan to value) | 67.90% | 65.24% | 69.21% | 72.38% | 73.56% | 73.11% | 74.29% | 75.13% | 75.46% |
Avg DTI (debt to income) | 39.44 | 33.01 | 32.01 | 31.65 | 32.61 | 32.10 | 32.77 | 34.80 | 31.63 |
Avg refinance insurance % | 4.05% | 2.26% | 2.99% | 4.08% | 4.71% | 4.79% | 5.70% | 6.84% | 6.42% |
Best Refinance Brokers around Horn Lake, Mississippi 38637
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Horn Lake, Mississippi 38637, we have compiled a list of top refinance brokers to assist you in the process.
Rachel Eben
Loan Officer
9039 Pigeon Roost Rd
Olive Branch, MS 38637
(662) 892-6550
REben@trustmark.com
Linda White
Loan Officer
1306 Goodman Rd E Ste 109
Southaven, MS 38637
(901) 309-4917
linda.white@magnabank.com
Nathan Porter
Loan Officer
1903 University Ave Ste 3
Oxford, MS 38637
(662) 823-3923
nporter@gumtreemortgage.com
Ginger Byrd
Mortgage Loan Officer
5293 Getwell Road
Southhaven, MS 38637
(662) 996-2987
ginger.byrd@americanmortgage.com
Mika Joyner
Loan Officer
4850 Goodman Road, Suite 207
Olive Branch, MS 38637
(662) 349-1300
mika.joyner@communitymtg.com
Address
9039 Pigeon Roost Rd
Olive Branch, MS
Contact
(662) 892-6550
Fax (301) 639-0804
REben@trustmark.com
Address
1306 Goodman Rd E Ste 109
Southaven, MS
Contact
(901) 309-4917
Fax (301) 639-0804
linda.white@magnabank.com
Address
1903 University Ave Ste 3
Oxford, MS
Contact
(662) 823-3923
Fax (301) 639-0804
nporter@gumtreemortgage.com