Compare Today’s Refinance Rates for Elephant Butte, New Mexico 87935
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elephant Butte, New Mexico 87935.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elephant Butte, New Mexico 87935. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,838 or $16 per month in Elephant Butte and other parts of Sierra county.
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Summary of Average Refinances in Elephant Butte, New Mexico 87935
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Interactive Refinance Rate Projections for Elephant Butte, New Mexico 87935
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elephant Butte, NM 87935, 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 Elephant Butte, New Mexico 87935 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elephant Butte, New Mexico and the surrounding Sierra 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 | |
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% 30 year fixed refinance | 100.00% | 53.90% | 58.54% | 59.42% | 72.12% | 71.83% | 56.78% | 66.10% | 64.00% |
avg refi rate | 6.25% | 3.74% | 3.03% | 3.38% | 4.27% | 4.55% | 4.17% | 3.92% | 4.11% |
% 15 year fixed refinance | 31.91% | 25.72% | 26.61% | 17.31% | 19.72% | 38.98% | 26.27% | 22.00% | |
avg refi rate | 2.83% | 2.50% | 2.85% | 3.72% | 3.82% | 3.32% | 3.19% | 3.28% | |
Avg credit score | 736.60 | 814.35 | 751.66 | 759.41 | 750.57 | 737.14 | 750.94 | 759.10 | 747.84 |
Avg LTV (loan to value) | 67.40% | 58.89% | 64.97% | 68.83% | 67.24% | 69.58% | 68.17% | 70.53% | 70.11% |
Avg DTI (debt to income) | 33.00 | 32.00 | 30.96 | 30.93 | 32.87 | 34.39 | 31.66 | 32.68 | 32.68 |
Avg refinance insurance % | 6.00% | 0.69% | 1.95% | 3.01% | 4.13% | 3.62% | 3.46% | 4.32% | 3.68% |
Best Refinance Brokers around Elephant Butte, New Mexico 87935
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elephant Butte, New Mexico 87935, we have compiled a list of top refinance brokers to assist you in the process.
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