Compare Today’s Refinance Rates for Franklin, North Carolina 28744
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Franklin, North Carolina 28744.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Franklin, North Carolina 28744. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,020 or $17 per month in Franklin and other parts of Macon county.
Summary of Average Refinances in Franklin, North Carolina 28744
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Interactive Refinance Rate Projections for Franklin, North Carolina 28744
Pureloan has developed an interactive chart to monitor the five largest local lenders in Franklin, NC 28744, 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 Franklin, North Carolina 28744 from 2024 - 2016
The following historical data provides insights into refinancing trends in Franklin, North Carolina and the surrounding Macon 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 | 95.24% | 56.22% | 65.08% | 64.76% | 71.01% | 64.02% | 56.78% | 63.35% | 61.34% |
avg refi rate | 6.65% | 3.50% | 2.95% | 3.26% | 4.13% | 4.53% | 4.04% | 3.89% | 4.05% |
% 15 year fixed refinance | 28.55% | 21.93% | 22.05% | 19.16% | 23.11% | 30.69% | 25.05% | 27.92% | |
avg refi rate | 2.72% | 2.45% | 2.81% | 3.58% | 3.77% | 3.31% | 3.13% | 3.33% | |
Avg credit score | 728.52 | 752.47 | 765.90 | 765.70 | 759.17 | 746.04 | 750.93 | 757.25 | 763.68 |
Avg LTV (loan to value) | 57.00% | 53.72% | 61.62% | 65.20% | 66.15% | 62.75% | 65.80% | 67.19% | 67.64% |
Avg DTI (debt to income) | 36.14 | 32.98 | 31.90 | 32.01 | 32.63 | 33.02 | 32.98 | 32.83 | 31.58 |
Avg refinance insurance % | 1.43% | 0.51% | 1.46% | 2.44% | 2.95% | 1.33% | 2.26% | 2.72% | 3.05% |
Best Refinance Brokers around Franklin, North Carolina 28744
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Franklin, North Carolina 28744, we have compiled a list of top refinance brokers to assist you in the process.
Nick Bazan
Mortgage Broker
615 N 4th St
Highlands, NC 28744
(828) 526-5906
nicholas.bazan@firstcitizens.com
Alicia Hearne
Mortgage Broker
2106 Hendersonville Rd
Arden, NC 28744
(828) 257-5760
alicia.hearne@firstcitizens.com
Bennett Lin
Loan Officer
PO Box 2026
Enka, NC 28744
(828) 670-5381
linbennett@hotmail.com
Geri Ray
Loan Officer
PO Box 2236
Weaverville, NC 28744
(828) 274-4946
geri@solution1mtg.com
Jennifer McCall
Mortgage Specialist
1 Academy St
Canton, NC 28744
(828) 274-2040
jmccall@championcu.com
Address
615 N 4th St
Highlands, NC
Contact
(828) 526-5906
Fax (301) 639-0804
nicholas.bazan@firstcitizens.com
Address
2106 Hendersonville Rd
Arden, NC
Contact
(828) 257-5760
Fax (301) 639-0804
alicia.hearne@firstcitizens.com
Address
PO Box 2026
Enka, NC
Contact
(828) 670-5381
Fax (301) 639-0804
linbennett@hotmail.com