Compare Today’s Refinance Rates for Selma, North Carolina 27576
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Selma, North Carolina 27576.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $2,920 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Selma and other areas of Johnston 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 Selma, North Carolina 27576
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Interactive Refinance Rate Projections for Selma, North Carolina 27576
Pureloan has developed an interactive chart to monitor the five largest local lenders in Selma, NC 27576, 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 Selma, North Carolina 27576 from 2024 - 2016
The following historical data provides insights into refinancing trends in Selma, North Carolina and the surrounding Johnston 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 | 90.91% | 54.52% | 52.32% | 47.44% | 65.37% | 52.35% | 42.75% | 50.72% | 60.52% |
avg refi rate | 6.38% | 3.60% | 3.03% | 3.29% | 4.30% | 4.49% | 4.08% | 3.95% | 4.06% |
% 15 year fixed refinance | 4.55% | 30.53% | 30.27% | 35.63% | 23.81% | 32.21% | 38.82% | 33.09% | 28.76% |
avg refi rate | 5.99% | 2.80% | 2.51% | 2.80% | 3.65% | 3.91% | 3.29% | 3.10% | 3.28% |
Avg credit score | 738.77 | 801.23 | 749.51 | 759.04 | 749.60 | 742.60 | 750.81 | 757.94 | 756.56 |
Avg LTV (loan to value) | 74.59% | 64.30% | 68.37% | 71.23% | 74.53% | 73.19% | 72.83% | 71.34% | 72.33% |
Avg DTI (debt to income) | 36.68 | 32.04 | 31.14 | 30.61 | 32.40 | 32.88 | 31.85 | 29.32 | 30.66 |
Avg refinance insurance % | 12.82% | 2.64% | 3.24% | 4.80% | 6.19% | 4.51% | 5.32% | 4.75% | 6.03% |
Best Refinance Brokers around Selma, North Carolina 27576
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Selma, North Carolina 27576, we have compiled a list of top refinance brokers to assist you in the process.
Drew Rorex
Mortgage Loan Officer
1821 S Main St
Wake Forest, NC 27576
(919) 453-1711
arorex@bbandt.com
Henry Brown
Mortgage Consultants
3150 Rogers Road Suite 100
Wake Forest, NC 27576
(919) 961-4398
hbrown@fmlending.com
Seema Sturkie
Mortgage Consultants
3150 Rogers Road Suite 100
Wake Forest, NC 27576
(919) 819-4660
ssturkie@fmlending.com
Henry Brown
Mortgage Consultant
3150 Rogers Road, Suite 100,
Wake Forest, NC 27576
(919) 961-4398
henry.brown@phmloans.com
Seema Sturkie
Mortgage Consultant
3150 Rogers Road, Suite 100,
Wake Forest, NC 27576
(919) 819-4660
seema.sturkie@phmloans.com
Address
1821 S Main St
Wake Forest, NC
Contact
(919) 453-1711
Fax (301) 639-0804
arorex@bbandt.com
Address
3150 Rogers Road Suite 100
Wake Forest, NC
Contact
(919) 961-4398
Fax (301) 639-0804
hbrown@fmlending.com
Address
3150 Rogers Road Suite 100
Wake Forest, NC
Contact
(919) 819-4660
Fax (301) 639-0804
ssturkie@fmlending.com