Compare Today’s Refinance Rates for Summit, New Jersey 07901
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Summit, New Jersey 07901.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Summit, New Jersey 07901. For 30-year amortization refinancing, you can expect lifetime cash savings of $29,367 or $82 per month in Summit and other parts of Union county.
Summary of Average Refinances in Summit, New Jersey 07901
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Interactive Refinance Rate Projections for Summit, New Jersey 07901
Pureloan has developed an interactive chart to monitor the five largest local lenders in Summit, NJ 07901, 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 Summit, New Jersey 07901 from 2024 - 2016
The following historical data provides insights into refinancing trends in Summit, New Jersey and the surrounding Union 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 | 100.00% | 41.11% | 39.18% | 47.53% | 53.06% | 53.66% | 42.31% | 48.48% | 27.27% |
avg refi rate | 6.35% | 3.68% | 3.00% | 3.24% | 4.37% | 4.48% | 4.19% | 4.05% | 3.94% |
% 15 year fixed refinance | 35.56% | 45.52% | 35.43% | 42.86% | 34.15% | 44.23% | 42.42% | 48.48% | |
avg refi rate | 3.00% | 2.53% | 2.85% | 3.98% | 4.07% | 3.46% | 3.18% | 3.44% | |
Avg credit score | 747.17 | 728.57 | 741.76 | 751.19 | 730.82 | 741.44 | 735.75 | 737.98 | 723.30 |
Avg LTV (loan to value) | 77.83% | 67.73% | 71.14% | 73.58% | 71.29% | 70.68% | 69.02% | 73.23% | 69.73% |
Avg DTI (debt to income) | 34.50 | 33.43 | 32.93 | 32.05 | 35.08 | 32.95 | 35.69 | 32.83 | 32.61 |
Avg refinance insurance % | 8.33% | 3.89% | 4.71% | 5.82% | 3.65% | 7.63% | 3.71% | 3.94% | 3.70% |
Best Refinance Brokers around Summit, New Jersey 07901
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Summit, New Jersey 07901, we have compiled a list of top refinance brokers to assist you in the process.
ANDREA LOMONACO
Loan Officer
190 River Rd
Summit, NJ 07901
(908) 608-2210
Andrea.Lomonaco@wellsfargo.com
MICHAEL LOMIO
Loan Officer
190 River Rd
Summit, NJ 07901
(908) 608-2210
michael.lomio@wellsfargo.com
GREGG LUBBA
Loan Officer
190 River Rd
Summit, NJ 07901
(908) 608-2210
Gregg.Lubba@wellsfargo.com
BRENDA GIORDANO
Loan Officer
190 River Rd
Summit, NJ 07901
(908) 608-2210
Brenda.S.Giordano@wellsfargo.com
RICKIE KNACKSTEDT
Loan Officer
190 River Rd
Summit, NJ 07901
(908) 608-2210
rickie.knackstedt@wellsfargo.com
Address
190 River Rd
Summit, NJ
Contact
(908) 608-2210
Fax (301) 639-0804
Andrea.Lomonaco@wellsfargo.com
Address
190 River Rd
Summit, NJ
Contact
(908) 608-2210
Fax (301) 639-0804
michael.lomio@wellsfargo.com
Address
190 River Rd
Summit, NJ
Contact
(908) 608-2210
Fax (301) 639-0804
Gregg.Lubba@wellsfargo.com