Compare Today’s Refinance Rates for Somerset, Ohio 43783
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Somerset, Ohio 43783.
With a 30-year amortization refinance in Somerset and surrounding areas of Perry county, our calculations show that you can expect to save up to $4,602 over the lifetime of your mortgage, or a monthly savings of $13. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Somerset, Ohio 43783.
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Summary of Average Refinances in Somerset, Ohio 43783
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Expected Savings
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Interactive Refinance Rate Projections for Somerset, Ohio 43783
Pureloan has developed an interactive chart to monitor the five largest local lenders in Somerset, OH 43783, 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 Somerset, Ohio 43783 from 2024 - 2016
The following historical data provides insights into refinancing trends in Somerset, Ohio and the surrounding Perry 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 | 82.86% | 53.15% | 56.29% | 52.60% | 58.34% | 57.46% | 46.67% | 44.03% | 47.10% |
avg refi rate | 6.41% | 3.46% | 2.94% | 3.20% | 4.04% | 4.50% | 4.05% | 3.88% | 4.06% |
% 15 year fixed refinance | 8.57% | 27.83% | 25.33% | 28.39% | 25.76% | 26.87% | 37.46% | 38.29% | 35.63% |
avg refi rate | 5.00% | 2.67% | 2.44% | 2.73% | 3.49% | 3.82% | 3.18% | 2.97% | 3.14% |
Avg credit score | 751.66 | 767.20 | 765.09 | 766.14 | 757.57 | 749.98 | 754.35 | 759.03 | 758.64 |
Avg LTV (loan to value) | 59.63% | 58.41% | 63.67% | 68.21% | 70.66% | 67.99% | 69.40% | 70.76% | 72.83% |
Avg DTI (debt to income) | 34.49 | 31.72 | 30.13 | 29.74 | 31.85 | 32.30 | 31.50 | 30.70 | 30.72 |
Avg refinance insurance % | 2.26% | 1.00% | 1.69% | 2.99% | 4.69% | 2.53% | 3.00% | 4.14% | 5.41% |
Best Refinance Brokers around Somerset, Ohio 43783
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Somerset, Ohio 43783, we have compiled a list of top refinance brokers to assist you in the process.
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