Compare Today’s Refinance Rates for Fort Wingate, New Mexico 87316
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Fort Wingate, New Mexico 87316.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,838 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Fort Wingate and other areas of Mckinley 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.
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Summary of Average Refinances in Fort Wingate, New Mexico 87316
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Fort Wingate, New Mexico 87316
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fort Wingate, NM 87316, 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 Fort Wingate, New Mexico 87316 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fort Wingate, New Mexico and the surrounding Mckinley 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% | 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 Fort Wingate, New Mexico 87316
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fort Wingate, New Mexico 87316, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Jeannie Millar
Loan Officer
221 W Aztec Ave
Gallup, NM 87316
(505) 722-6013
jeannie.miller@washingtonfederal.com
Address
221 W Aztec Ave
Gallup, NM
Contact
(505) 722-6013
Fax (301) 639-0804
jeannie.miller@washingtonfederal.com