Compare Today’s Refinance Rates for Reading, Pennsylvania 19602
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Reading, Pennsylvania 19602.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,423 over the lifetime of your mortgage, which translates to a monthly savings of $12 in Reading 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 Reading, Pennsylvania 19602
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Interactive Refinance Rate Projections for Reading, Pennsylvania 19602
Pureloan has developed an interactive chart to monitor the five largest local lenders in Reading, PA 19602, 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 Reading, Pennsylvania 19602 from 2024 - 2016
The following historical data provides insights into refinancing trends in Reading, 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 | 100.00% | 46.84% | 50.81% | 50.28% | 60.67% | 55.61% | 44.47% | 52.24% | 52.91% |
avg refi rate | 6.48% | 3.51% | 2.90% | 3.18% | 3.95% | 4.45% | 4.05% | 3.86% | 4.03% |
% 15 year fixed refinance | 27.90% | 27.53% | 29.98% | 21.01% | 31.84% | 39.79% | 31.84% | 30.34% | |
avg refi rate | 2.66% | 2.38% | 2.72% | 3.42% | 3.80% | 3.24% | 3.04% | 3.22% | |
Avg credit score | 752.62 | 750.15 | 761.43 | 766.44 | 759.76 | 753.98 | 755.38 | 760.20 | 762.04 |
Avg LTV (loan to value) | 65.33% | 61.61% | 66.28% | 70.17% | 71.54% | 68.42% | 71.20% | 72.38% | 73.84% |
Avg DTI (debt to income) | 40.19 | 32.17 | 30.79 | 30.63 | 32.90 | 32.52 | 32.66 | 31.72 | 31.93 |
Avg refinance insurance % | 2.00% | 0.56% | 1.92% | 3.72% | 5.23% | 4.01% | 4.48% | 5.06% | 5.93% |
Best Refinance Brokers around Reading, Pennsylvania 19602
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Reading, Pennsylvania 19602, we have compiled a list of top refinance brokers to assist you in the process.
Michael Yuhas
Senior Loan Officer
3608 St. Lawrence Avenue, Suite 102
Reading, PA 19602
(757) 498-7435
myuhas@twmortgage.com
Joseph Robert
Vice President of Sales
3608 St. Lawrence Avenue, Suite 102
Reading, PA 19602
(757) 498-7435
jrobert@twmortgage.com
Frank Carado
Branch Manager
3608 St. Lawrence Avenue, Suite 102
Reading, PA 19602
(757) 498-7435
fcarado@twmortgage.com
Joseph Staub
Vice President of Sales
3608 St Lawrence Ave #102
Reading, PA 19602
(610) 603-0241
jstaub@twmortgage.com
Leo Harvey
Branch Manager / Sr. Loan Officer
3608 St Lawrence Ave #102
Reading, PA 19602
(610) 603-0241
lharvey@twmortgage.com
Address
3608 St. Lawrence Avenue, Suite 102
Reading, PA
Contact
(757) 498-7435
Fax (301) 639-0804
myuhas@twmortgage.com
Address
3608 St. Lawrence Avenue, Suite 102
Reading, PA
Contact
(757) 498-7435
Fax (301) 639-0804
jrobert@twmortgage.com
Address
3608 St. Lawrence Avenue, Suite 102
Reading, PA
Contact
(757) 498-7435
Fax (301) 639-0804
fcarado@twmortgage.com