Compare Today’s Refinance Rates for Banner Elk, North Carolina 28604
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Banner Elk, North Carolina 28604.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Banner Elk, North Carolina 28604. For 30-year amortization refinancing, you can expect lifetime cash savings of $8,627 or $24 per month in Banner Elk and other parts of Avery county.
Summary of Average Refinances in Banner Elk, North Carolina 28604
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Interactive Refinance Rate Projections for Banner Elk, North Carolina 28604
Pureloan has developed an interactive chart to monitor the five largest local lenders in Banner Elk, NC 28604, 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 Banner Elk, North Carolina 28604 from 2024 - 2016
The following historical data provides insights into refinancing trends in Banner Elk, North Carolina and the surrounding Avery 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 | 88.46% | 57.87% | 56.17% | 53.79% | 58.15% | 55.08% | 52.41% | 54.22% | 53.45% |
avg refi rate | 6.40% | 3.67% | 2.99% | 3.29% | 4.25% | 4.50% | 4.09% | 3.92% | 4.08% |
% 15 year fixed refinance | 7.69% | 25.72% | 28.72% | 30.29% | 28.93% | 30.51% | 34.22% | 31.56% | 32.29% |
avg refi rate | 6.37% | 2.75% | 2.49% | 2.84% | 3.71% | 3.92% | 3.23% | 3.19% | 3.30% |
Avg credit score | 742.31 | 764.36 | 751.68 | 760.74 | 747.14 | 743.83 | 752.84 | 756.82 | 757.08 |
Avg LTV (loan to value) | 69.50% | 59.60% | 64.65% | 67.70% | 67.60% | 67.35% | 69.36% | 70.33% | 70.48% |
Avg DTI (debt to income) | 35.46 | 32.91 | 31.26 | 30.94 | 32.22 | 32.89 | 32.49 | 30.97 | 31.94 |
Avg refinance insurance % | 7.46% | 1.72% | 2.27% | 3.06% | 3.14% | 3.47% | 3.84% | 4.26% | 4.89% |
Best Refinance Brokers around Banner Elk, North Carolina 28604
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Banner Elk, North Carolina 28604, we have compiled a list of top refinance brokers to assist you in the process.
Vanessa Williams
Mortgage Broker
117 4th St NW
Hickory, NC 28604
(828) 326-1184
vanessa.williams@firstcitizens.com
SuAnne Thompson
Mortgage Broker
117 4th St NW
Hickory, NC 28604
(828) 433-6739
suanne.thompson@firstcitizens.com
Ed Nesbitt
Mortgage Loan Officer
34 2nd St NW
Hickory, NC 28604
(828) 261-2761
ed.nesbitt@pncmortgage.com
Vanessa Williams
Mortgage Loan Officer
34 2nd St NW
Hickory, NC 28604
(828) 261-2761
v.williams@pncmortgage.com
Camille Pittman
Loan Officer
149 Jefferson Rd
Boone, NC 28604
(828) 263-8919
camille.pittman@yadkinmortgage.com
Address
117 4th St NW
Hickory, NC
Contact
(828) 326-1184
Fax (301) 639-0804
vanessa.williams@firstcitizens.com
Address
117 4th St NW
Hickory, NC
Contact
(828) 433-6739
Fax (301) 639-0804
suanne.thompson@firstcitizens.com
Address
34 2nd St NW
Hickory, NC
Contact
(828) 261-2761
Fax (301) 639-0804
ed.nesbitt@pncmortgage.com