Compare Today’s Refinance Rates for Silver City, New Mexico 88061
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Silver City, New Mexico 88061.
With a 30-year amortization refinance in Silver City and surrounding areas of Grant county, our calculations show that you can expect to save up to $6,423 over the lifetime of your mortgage, or a monthly savings of $18. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Silver City, New Mexico 88061.
Summary of Average Refinances in Silver City, New Mexico 88061
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Interactive Refinance Rate Projections for Silver City, New Mexico 88061
Pureloan has developed an interactive chart to monitor the five largest local lenders in Silver City, NM 88061, 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 Silver City, New Mexico 88061 from 2024 - 2016
The following historical data provides insights into refinancing trends in Silver City, New Mexico and the surrounding Grant 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 | 82.61% | 62.32% | 56.74% | 57.48% | 67.96% | 53.16% | 57.94% | 50.41% | 54.05% |
avg refi rate | 6.50% | 4.02% | 2.97% | 3.29% | 4.35% | 4.64% | 4.21% | 4.08% | 4.10% |
% 15 year fixed refinance | 13.04% | 22.22% | 30.41% | 29.13% | 19.42% | 32.91% | 32.71% | 38.84% | 34.23% |
avg refi rate | 5.83% | 2.82% | 2.50% | 2.79% | 3.77% | 3.87% | 3.40% | 3.29% | 3.49% |
Avg credit score | 756.83 | 738.52 | 748.14 | 755.39 | 746.98 | 745.38 | 749.08 | 753.36 | 758.58 |
Avg LTV (loan to value) | 60.13% | 62.43% | 67.61% | 72.04% | 72.62% | 71.80% | 75.17% | 73.26% | 72.18% |
Avg DTI (debt to income) | 33.96 | 33.35 | 32.00 | 31.95 | 32.22 | 32.70 | 32.47 | 32.31 | 31.74 |
Avg refinance insurance % | 0.52% | 1.19% | 2.11% | 3.74% | 5.63% | 4.65% | 5.51% | 5.79% | 7.04% |
Best Refinance Brokers around Silver City, New Mexico 88061
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Silver City, New Mexico 88061, we have compiled a list of top refinance brokers to assist you in the process.
Melva Duffield
Loan Officer
121 W 7th St
Clovis, NM 88061
(575) 769-9006
melva@plateautel.net
Crystal
Loan Officer
3620 N Prince St Ste E
Clovis, NM 88061
(575) 762-7006
crystal@wewalkyouhome.com
Cathy Neuharth
Home Mortgage Consultant
709 Pile St
Clovis, NM 88061
CNeuharth@nmb-t.com
Diana Miller
Home Mortgage Consultant
709 Pile St
Clovis, NM 88061
DcMiller@nmb-t.com
Zala Smith
Home Mortgage Consultant
709 Pile St
Clovis, NM 88061
ZSmith@nmb-t.com
Address
121 W 7th St
Clovis, NM
Contact
(575) 769-9006
Fax (301) 639-0804
melva@plateautel.net
Address
3620 N Prince St Ste E
Clovis, NM
Contact
(575) 762-7006
Fax (301) 639-0804
crystal@wewalkyouhome.com
Address
709 Pile St
Clovis, NM
Contact
Fax (301) 639-0804
CNeuharth@nmb-t.com