Compare Today’s Refinance Rates for Gallup, New Mexico 87301
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Gallup, New Mexico 87301.
With a 30-year amortization refinance in Gallup and surrounding areas of Mckinley county, our calculations show that you can expect to save up to $5,838 over the lifetime of your mortgage, or a monthly savings of $16. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Gallup, New Mexico 87301.
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Summary of Average Refinances in Gallup, New Mexico 87301
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Gallup, New Mexico 87301
Pureloan has developed an interactive chart to monitor the five largest local lenders in Gallup, NM 87301, 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 Gallup, New Mexico 87301 from 2024 - 2016
The following historical data provides insights into refinancing trends in Gallup, 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 Gallup, New Mexico 87301
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Gallup, New Mexico 87301, 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 87301
(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