Compare Today’s Refinance Rates for Salem, Oregon 97302
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Salem, Oregon 97302.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,407 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Salem and other areas of Marion 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 Salem, Oregon 97302
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Interactive Refinance Rate Projections for Salem, Oregon 97302
Pureloan has developed an interactive chart to monitor the five largest local lenders in Salem, OR 97302, 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 Salem, Oregon 97302 from 2024 - 2016
The following historical data provides insights into refinancing trends in Salem, Oregon and the surrounding Marion 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 Salem, Oregon 97302
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Salem, Oregon 97302, we have compiled a list of top refinance brokers to assist you in the process.
Toni Dassance
Loan Advisors
471 Lancaster Dr. NE
Salem, OR 97302
(503) 371-0321
toni.dassance@adhmortgage.com
Massey Goto
Loan Advisors
471 Lancaster Dr. NE
Salem, OR 97302
(503) 371-0321
massey.goto@adhmortgage.com
Felix Dankenbring
Loan Advisors
471 Lancaster Dr. NE
Salem, OR 97302
(503) 371-0321
felix.dankenbring@adhmortgage.com
Claudia Chapman
Loan Advisors
471 Lancaster Dr. NE
Salem, OR 97302
(503) 371-0321
claudia.chapman@adhmortgage.com
Chris Bennett
Loan Advisors
471 Lancaster Dr. NE
Salem, OR 97302
(503) 371-0321
chris.bennett@adhmortgage.com
Address
471 Lancaster Dr. NE
Salem, OR
Contact
(503) 371-0321
Fax (301) 639-0804
toni.dassance@adhmortgage.com
Address
471 Lancaster Dr. NE
Salem, OR
Contact
(503) 371-0321
Fax (301) 639-0804
massey.goto@adhmortgage.com
Address
471 Lancaster Dr. NE
Salem, OR
Contact
(503) 371-0321
Fax (301) 639-0804
felix.dankenbring@adhmortgage.com