Compare Today’s Refinance Rates for Smithville, Mississippi 38870
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Smithville, Mississippi 38870.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Smithville, Mississippi 38870. For 30-year amortization refinancing, you can expect lifetime cash savings of $10,156 or $28 per month in Smithville and other parts of Monroe county.
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Summary of Average Refinances in Smithville, Mississippi 38870
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Smithville, Mississippi 38870
Pureloan has developed an interactive chart to monitor the five largest local lenders in Smithville, MS 38870, 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 Smithville, Mississippi 38870 from 2024 - 2016
The following historical data provides insights into refinancing trends in Smithville, Mississippi and the surrounding Monroe 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 | 94.12% | 69.68% | 52.88% | 51.59% | 62.14% | 77.22% | 65.79% | 61.22% | 59.60% |
avg refi rate | 6.12% | 4.11% | 3.05% | 3.44% | 4.48% | 4.60% | 4.13% | 3.96% | 4.13% |
% 15 year fixed refinance | 5.88% | 18.71% | 31.19% | 32.28% | 26.43% | 18.99% | 28.07% | 23.47% | 28.28% |
avg refi rate | 5.75% | 3.05% | 2.52% | 2.88% | 3.63% | 3.87% | 3.36% | 3.24% | 3.37% |
Avg credit score | 747.47 | 734.28 | 743.49 | 748.23 | 738.21 | 732.56 | 739.25 | 724.00 | 741.37 |
Avg LTV (loan to value) | 72.35% | 67.95% | 71.96% | 72.44% | 74.67% | 73.10% | 75.22% | 76.28% | 74.58% |
Avg DTI (debt to income) | 34.82 | 31.77 | 30.71 | 30.23 | 31.01 | 30.78 | 31.17 | 31.67 | 30.00 |
Avg refinance insurance % | 6.00% | 3.65% | 4.90% | 4.81% | 5.93% | 4.95% | 5.76% | 5.55% | 5.66% |
Best Refinance Brokers around Smithville, Mississippi 38870
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Smithville, Mississippi 38870, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Marilyn Flowers
Mortgage Lenders
2000 Gateway
Grenada, MS 38870
(662) 227-4053
marilyn.flowers@regions.com
Harry Mccarley
Mortgage Lenders
211 North Main Street
Calhoun City, MS 38870
(662) 227-4051
harry.mccarley@regions.com
Address
2000 Gateway
Grenada, MS
Contact
(662) 227-4053
Fax (301) 639-0804
marilyn.flowers@regions.com
Address
211 North Main Street
Calhoun City, MS
Contact
(662) 227-4051
Fax (301) 639-0804
harry.mccarley@regions.com