Compare Today’s Refinance Rates for Spencer, North Carolina 28159
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Spencer, North Carolina 28159.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,124 over the lifetime of your mortgage, which translates to a monthly savings of $11 in Spencer and other areas of Rowan 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 Spencer, North Carolina 28159
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Interactive Refinance Rate Projections for Spencer, North Carolina 28159
Pureloan has developed an interactive chart to monitor the five largest local lenders in Spencer, NC 28159, 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 Spencer, North Carolina 28159 from 2024 - 2016
The following historical data provides insights into refinancing trends in Spencer, North Carolina and the surrounding Rowan 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 | 93.94% | 55.38% | 61.13% | 61.14% | 61.51% | 60.50% | 49.67% | 54.33% | 55.89% |
avg refi rate | 6.27% | 3.51% | 2.95% | 3.24% | 4.08% | 4.50% | 4.09% | 3.86% | 4.08% |
% 15 year fixed refinance | 3.03% | 26.42% | 24.18% | 23.58% | 25.08% | 25.08% | 36.80% | 33.48% | 29.75% |
avg refi rate | 6.36% | 2.62% | 2.42% | 2.78% | 3.53% | 3.80% | 3.21% | 3.06% | 3.30% |
Avg credit score | 746.06 | 740.78 | 752.89 | 761.17 | 754.43 | 747.45 | 747.06 | 757.12 | 756.82 |
Avg LTV (loan to value) | 60.09% | 56.09% | 64.67% | 68.88% | 69.89% | 68.33% | 69.36% | 70.87% | 71.81% |
Avg DTI (debt to income) | 35.06 | 32.45 | 30.78 | 30.11 | 31.38 | 32.99 | 31.95 | 30.82 | 31.41 |
Avg refinance insurance % | 1.09% | 0.55% | 2.13% | 3.63% | 5.08% | 2.44% | 3.53% | 3.63% | 4.08% |
Best Refinance Brokers around Spencer, North Carolina 28159
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Spencer, North Carolina 28159, we have compiled a list of top refinance brokers to assist you in the process.
GUY LIZOTTE
Home Mortgage Consultant
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC 28159
(704) 383-0253
GUY.LIZOTTE@wellsfargo.com
CHERYL SMITH
Home Mortgage Consultant
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC 28159
(704) 383-0253
CHERYL.SMITH@wellsfargo.com
ORION STALLARD
Home Mortgage Consultant
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC 28159
(704) 383-0253
ORION.STALLARD@wellsfargo.com
ROBERT GOODLING
Home Mortgage Consultant
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC 28159
(704) 383-0253
ROBERT.GOODLING@wellsfargo.com
Angus McDonald
Vice President
1001 Morehead Square Dr
Charlotte, NC 28159
(919) 459-2500
amcdonald@medalistcapital.com
Address
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC
Contact
(704) 383-0253
Fax (301) 639-0804
GUY.LIZOTTE@wellsfargo.com
Address
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC
Contact
(704) 383-0253
Fax (301) 639-0804
CHERYL.SMITH@wellsfargo.com
Address
401 S Tryon St Three Wells Fargo 2nd Floor
Charlotte, NC
Contact
(704) 383-0253
Fax (301) 639-0804
ORION.STALLARD@wellsfargo.com