Compare Today’s Refinance Rates for Summer Lake, Oregon 97640
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Summer Lake, Oregon 97640.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,473 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Summer Lake and other areas of Lake 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.
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Summary of Average Refinances in Summer Lake, Oregon 97640
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Interactive Refinance Rate Projections for Summer Lake, Oregon 97640
Pureloan has developed an interactive chart to monitor the five largest local lenders in Summer Lake, OR 97640, 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 Summer Lake, Oregon 97640 from 2024 - 2016
The following historical data provides insights into refinancing trends in Summer Lake, Oregon and the surrounding Lake 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 | |
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% 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 Summer Lake, Oregon 97640
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Summer Lake, Oregon 97640, we have compiled a list of top refinance brokers to assist you in the process.
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