Compare Today’s Refinance Rates for Hereford, Pennsylvania 18056
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Hereford, Pennsylvania 18056.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $14,438 over the lifetime of your mortgage, which translates to a monthly savings of $40 in Hereford and other areas of Berks 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 Hereford, Pennsylvania 18056
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Interactive Refinance Rate Projections for Hereford, Pennsylvania 18056
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hereford, PA 18056, 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 Hereford, Pennsylvania 18056 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hereford, Pennsylvania and the surrounding Berks 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 | 90.00% | 47.76% | 49.36% | 47.28% | 55.19% | 57.29% | 42.74% | 50.00% | 45.37% |
| avg refi rate | 6.53% | 3.52% | 2.99% | 3.28% | 4.17% | 4.70% | 4.10% | 3.90% | 4.11% |
| % 15 year fixed refinance | 30.35% | 28.06% | 29.26% | 27.92% | 25.63% | 36.31% | 32.07% | 35.42% | |
| avg refi rate | 2.76% | 2.45% | 2.77% | 3.48% | 3.82% | 3.31% | 3.13% | 3.31% | |
| Avg credit score | 725.05 | 758.27 | 756.85 | 759.72 | 757.03 | 743.06 | 753.42 | 760.14 | 757.56 |
| Avg LTV (loan to value) | 59.05% | 62.35% | 67.72% | 72.05% | 72.62% | 71.96% | 74.11% | 74.34% | 73.33% |
| Avg DTI (debt to income) | 42.40 | 33.58 | 32.14 | 32.08 | 33.76 | 35.35 | 33.65 | 33.06 | 32.63 |
| Avg refinance insurance % | 1.20% | 0.95% | 1.81% | 4.27% | 5.71% | 4.89% | 6.08% | 5.88% | 6.05% |
Best Refinance Brokers around Hereford, Pennsylvania 18056
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hereford, Pennsylvania 18056, we have compiled a list of top refinance brokers to assist you in the process.
Kevin White
Branch Manager
2110 Walbert Ave
Allentown, PA 18056
(610) 434-5052
kevin.white@guaranteedrate.com
PATRICK FUREY
Loan Officer
4203 W Tilghman St Ofc 1
Allentown, PA 18056
(610) 530-2506
patrick.g.furey@wellsfargo.com
JOHN MEIER
Loan Officer
4203 W Tilghman St Ofc 1
Allentown, PA 18056
(610) 530-2506
john.meier@wellsfargo.com
Michael Bower
Branch Manager
4295 W Tilghman St Ste 101
Allentown, PA 18056
(610) 533-3151
mikebower@rcn.com
Amanda Gillette
Lending Specialist
1005 Brookside Rd
Allentown, PA 18056
(610) 433-7486
agillette@afcfirst.com
Address
2110 Walbert Ave
Allentown, PA
Contact
(610) 434-5052
Fax (301) 639-0804
kevin.white@guaranteedrate.com
Address
4203 W Tilghman St Ofc 1
Allentown, PA
Contact
(610) 530-2506
Fax (301) 639-0804
patrick.g.furey@wellsfargo.com
Address
4203 W Tilghman St Ofc 1
Allentown, PA
Contact
(610) 530-2506
Fax (301) 639-0804
john.meier@wellsfargo.com