Compare Today’s Refinance Rates for Albion, Pennsylvania 16401
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Albion, Pennsylvania 16401.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Albion, Pennsylvania 16401. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,180 or $17 per month in Albion and other parts of Erie county.
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Summary of Average Refinances in Albion, Pennsylvania 16401
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Albion, Pennsylvania 16401
Pureloan has developed an interactive chart to monitor the five largest local lenders in Albion, PA 16401, 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 Albion, Pennsylvania 16401 from 2024 - 2016
The following historical data provides insights into refinancing trends in Albion, Pennsylvania and the surrounding Erie 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 | 100.00% | 40.63% | 35.94% | 36.86% | 60.00% | 61.54% | 37.04% | 55.10% | 42.86% |
| avg refi rate | 6.56% | 3.61% | 2.92% | 3.23% | 4.43% | 4.67% | 4.27% | 3.92% | 4.03% |
| % 15 year fixed refinance | 29.69% | 37.37% | 40.68% | 25.00% | 23.08% | 44.44% | 28.57% | 28.57% | |
| avg refi rate | 2.62% | 2.42% | 2.81% | 4.15% | 3.50% | 3.38% | 3.19% | 3.50% | |
| Avg credit score | 758.00 | 739.41 | 756.27 | 757.61 | 741.20 | 741.38 | 729.67 | 755.78 | 761.43 |
| Avg LTV (loan to value) | 61.50% | 63.45% | 70.08% | 71.87% | 72.60% | 76.54% | 68.56% | 73.43% | 68.24% |
| Avg DTI (debt to income) | 45.00 | 34.13 | 31.34 | 31.14 | 33.80 | 35.77 | 33.30 | 32.47 | 29.76 |
| Avg refinance insurance % | 0.47% | 2.43% | 4.36% | 10.05% | 6.08% | 2.74% | 6.47% | 2.05% |
Best Refinance Brokers around Albion, Pennsylvania 16401
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Albion, Pennsylvania 16401, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Cora Mozina
Loan Officer
14 North Main Street
Albion, PA 16401
(814) 756-4911
cora.mozina@marquettesavings.com
Debra Mealy
Loan Officer
209 West Plum Street
Edinboro, PA 16401
(814) 734-1609
debra.mealy@marquettesavings.com
Address
14 North Main Street
Albion, PA
Contact
(814) 756-4911
Fax (301) 639-0804
cora.mozina@marquettesavings.com
Address
209 West Plum Street
Edinboro, PA
Contact
(814) 734-1609
Fax (301) 639-0804
debra.mealy@marquettesavings.com