Compare Today’s Refinance Rates for Red Oak, Oklahoma 74563
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Red Oak, Oklahoma 74563.
With a 30-year amortization refinance in Red Oak and surrounding areas of Latimer county, our calculations show that you can expect to save up to $2,306 over the lifetime of your mortgage, or a monthly savings of $6. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Red Oak, Oklahoma 74563.
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Summary of Average Refinances in Red Oak, Oklahoma 74563
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Interactive Refinance Rate Projections for Red Oak, Oklahoma 74563
Pureloan has developed an interactive chart to monitor the five largest local lenders in Red Oak, OK 74563, 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 Red Oak, Oklahoma 74563 from 2024 - 2016
The following historical data provides insights into refinancing trends in Red Oak, Oklahoma and the surrounding Latimer 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 | 89.66% | 68.87% | 55.69% | 48.91% | 75.33% | 67.57% | 63.83% | 63.11% | 71.62% |
avg refi rate | 6.64% | 4.13% | 2.98% | 3.30% | 4.49% | 4.61% | 4.20% | 3.99% | 4.10% |
% 15 year fixed refinance | 10.34% | 21.85% | 29.86% | 33.62% | 15.33% | 16.22% | 24.47% | 30.33% | 20.27% |
avg refi rate | 5.79% | 2.99% | 2.36% | 2.70% | 3.79% | 3.84% | 3.53% | 3.16% | 3.46% |
Avg credit score | 725.03 | 740.58 | 743.69 | 750.25 | 748.17 | 743.23 | 746.50 | 743.80 | 733.20 |
Avg LTV (loan to value) | 65.28% | 66.48% | 72.15% | 73.51% | 73.67% | 74.85% | 76.63% | 74.13% | 75.07% |
Avg DTI (debt to income) | 33.21 | 33.32 | 31.88 | 32.21 | 33.28 | 33.23 | 30.97 | 31.43 | 31.15 |
Avg refinance insurance % | 4.72% | 3.07% | 4.64% | 6.02% | 8.87% | 8.74% | 8.22% | 6.52% | 6.31% |
Best Refinance Brokers around Red Oak, Oklahoma 74563
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Red Oak, Oklahoma 74563, we have compiled a list of top refinance brokers to assist you in the process.
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