Compare Today’s Refinance Rates for Morganton, North Carolina 28655
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Morganton, North Carolina 28655.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $8,407 over the lifetime of your mortgage, which translates to a monthly savings of $23 in Morganton and other areas of Mcdowell 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 Morganton, North Carolina 28655
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Interactive Refinance Rate Projections for Morganton, North Carolina 28655
Pureloan has developed an interactive chart to monitor the five largest local lenders in Morganton, NC 28655, 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 Morganton, North Carolina 28655 from 2024 - 2016
The following historical data provides insights into refinancing trends in Morganton, North Carolina and the surrounding Mcdowell 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 Morganton, North Carolina 28655
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Morganton, North Carolina 28655, we have compiled a list of top refinance brokers to assist you in the process.
KAREN BALL
Home Mortgage Consultant
202 Magnolia Dr
Morganton, NC 28655
(828) 433-1188
Karen.J.Ball@wellsfargo.com
Alicia Hearne
Mortgage Broker
2106 Hendersonville Rd
Arden, NC 28655
(828) 257-5760
alicia.hearne@firstcitizens.com
Bennett Lin
Loan Officer
PO Box 2026
Enka, NC 28655
(828) 670-5381
linbennett@hotmail.com
Geri Ray
Loan Officer
PO Box 2236
Weaverville, NC 28655
(828) 274-4946
geri@solution1mtg.com
Jennifer McCall
Mortgage Specialist
1 Academy St
Canton, NC 28655
(828) 274-2040
jmccall@championcu.com
Address
202 Magnolia Dr
Morganton, NC
Contact
(828) 433-1188
Fax (301) 639-0804
Karen.J.Ball@wellsfargo.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