Compare Today’s Refinance Rates for Oxford, Mississippi 38655
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Oxford, Mississippi 38655.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,805 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Oxford and other areas of Lafayette 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.
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Summary of Average Refinances in Oxford, Mississippi 38655
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Oxford, Mississippi 38655
Pureloan has developed an interactive chart to monitor the five largest local lenders in Oxford, MS 38655, 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 Oxford, Mississippi 38655 from 2024 - 2016
The following historical data provides insights into refinancing trends in Oxford, Mississippi and the surrounding Lafayette 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 Oxford, Mississippi 38655
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Oxford, Mississippi 38655, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Nathan Porter
Loan Officer
1903 University Ave Ste 3
Oxford, MS 38655
(662) 823-3923
nporter@gumtreemortgage.com
Elizabeth Montgomery
Mortgage Lender
540 Main Street
Greenville, MS 38655
(662) 390-5912
elizabeth.montgomery@regions.com
Address
1903 University Ave Ste 3
Oxford, MS
Contact
(662) 823-3923
Fax (301) 639-0804
nporter@gumtreemortgage.com
Address
540 Main Street
Greenville, MS
Contact
(662) 390-5912
Fax (301) 639-0804
elizabeth.montgomery@regions.com