Compare Today’s Refinance Rates for Folsom, New Mexico 88419
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Folsom, New Mexico 88419.
With a 30-year amortization refinance in Folsom and surrounding areas of Las Animas county, our calculations show that you can expect to save up to $3,649 over the lifetime of your mortgage, or a monthly savings of $10. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Folsom, New Mexico 88419.
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Summary of Average Refinances in Folsom, New Mexico 88419
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Interactive Refinance Rate Projections for Folsom, New Mexico 88419
Pureloan has developed an interactive chart to monitor the five largest local lenders in Folsom, NM 88419, 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 Folsom, New Mexico 88419 from 2024 - 2016
The following historical data provides insights into refinancing trends in Folsom, New Mexico and the surrounding Las Animas 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 | 66.67% | 25.00% | 50.00% | 33.33% | 33.33% | ||||
avg refi rate | 3.44% | 3.31% | 4.00% | 4.50% | 3.50% | ||||
% 15 year fixed refinance | 37.50% | 100.00% | 33.33% | 100.00% | 33.33% | ||||
avg refi rate | 2.50% | 3.25% | 4.38% | 3.71% | 3.25% | ||||
Avg credit score | 775.67 | 740.38 | 758.00 | 764.00 | 741.00 | 706.33 | 741.33 | ||
Avg LTV (loan to value) | 74.67% | 66.75% | 79.50% | 80.00% | 74.00% | 78.33% | 67.00% | ||
Avg DTI (debt to income) | 23.67 | 36.38 | 35.50 | 39.00 | 19.67 | 34.67 | 42.67 | ||
Avg refinance insurance % | 8.33% | 1.50% | 4.50% | 4.00% |
Best Refinance Brokers around Folsom, New Mexico 88419
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Folsom, New Mexico 88419, we have compiled a list of top refinance brokers to assist you in the process.
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