Compare Today’s Refinance Rates for Mcminnville, Oregon 97128
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Mcminnville, Oregon 97128.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,727 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Mcminnville and other areas of Yamhill 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.
Summary of Average Refinances in Mcminnville, Oregon 97128
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Interactive Refinance Rate Projections for Mcminnville, Oregon 97128
Pureloan has developed an interactive chart to monitor the five largest local lenders in Mcminnville, OR 97128, 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 Mcminnville, Oregon 97128 from 2024 - 2016
The following historical data provides insights into refinancing trends in Mcminnville, Oregon and the surrounding Yamhill 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 | 90.32% | 67.46% | 73.99% | 75.36% | 78.91% | 75.00% | 71.12% | 72.25% | 73.37% |
| avg refi rate | 6.46% | 3.45% | 2.94% | 3.25% | 4.05% | 4.52% | 4.05% | 3.91% | 4.07% |
| % 15 year fixed refinance | 9.68% | 18.17% | 15.74% | 15.43% | 12.54% | 18.28% | 19.81% | 19.11% | 16.87% |
| avg refi rate | 4.83% | 2.58% | 2.40% | 2.77% | 3.48% | 3.88% | 3.32% | 3.20% | 3.34% |
| Avg credit score | 743.29 | 754.37 | 767.13 | 766.54 | 763.43 | 748.66 | 751.70 | 758.77 | 762.11 |
| Avg LTV (loan to value) | 57.94% | 56.34% | 61.97% | 65.77% | 68.08% | 61.43% | 65.18% | 68.22% | 70.77% |
| Avg DTI (debt to income) | 39.74 | 35.36 | 32.38 | 32.25 | 34.17 | 34.75 | 33.99 | 33.61 | 32.71 |
| Avg refinance insurance % | 0.77% | 0.80% | 1.61% | 2.97% | 4.08% | 1.46% | 1.70% | 2.59% | 3.88% |
Best Refinance Brokers around Mcminnville, Oregon 97128
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Mcminnville, Oregon 97128, we have compiled a list of top refinance brokers to assist you in the process.
Lynden Carnahan
Sr. Team Banker
2290 SW 2nd St. Suite B
McMinnville, OR 97128
(971) 706-2011
lynden.carnahan@pacresmortgage.com
Michelle Morrissey
Mortgage Banker
2290 SW 2nd St. Suite B
McMinnville, OR 97128
(971) 706-2011
michelle.morrissey@pacresmortgage.com
Debra Jorgensen
loan officer
601 Elliott Rd
Newberg, OR 97128
(503) 538-1072
djorgensen@guildmortgage.net
Kelly Naff
loan officer
601 Elliott Rd
Newberg, OR 97128
(503) 881-3942
knaff@guildmortgage.net
Ryan Arzner
Area Manager/Sr. Mortgage Banker
1938 Pacific Ave
Forest Grove, OR 97128
855905
Ryan.Arzner@pacresmortgage.com
Address
2290 SW 2nd St. Suite B
McMinnville, OR
Contact
(971) 706-2011
Fax (301) 639-0804
lynden.carnahan@pacresmortgage.com
Address
2290 SW 2nd St. Suite B
McMinnville, OR
Contact
(971) 706-2011
Fax (301) 639-0804
michelle.morrissey@pacresmortgage.com
Address
601 Elliott Rd
Newberg, OR
Contact
(503) 538-1072
Fax (301) 639-0804
djorgensen@guildmortgage.net