Compare Today’s Refinance Rates for Hopkinton, Rhode Island 02833
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Hopkinton, Rhode Island 02833.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $11,955 over the lifetime of your mortgage, which translates to a monthly savings of $33 in Hopkinton and other areas of Washington 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 Hopkinton, Rhode Island 02833
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Interactive Refinance Rate Projections for Hopkinton, Rhode Island 02833
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hopkinton, RI 02833, 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 Hopkinton, Rhode Island 02833 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hopkinton, Rhode Island and the surrounding Washington 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 | 84.85% | 57.07% | 50.35% | 51.85% | 58.46% | 64.62% | 47.66% | 52.53% | 52.69% |
avg refi rate | 6.64% | 3.80% | 3.04% | 3.38% | 4.44% | 4.63% | 4.19% | 4.02% | 4.15% |
% 15 year fixed refinance | 6.06% | 27.02% | 34.08% | 34.07% | 30.77% | 28.21% | 36.33% | 35.13% | 31.90% |
avg refi rate | 4.81% | 2.84% | 2.53% | 2.88% | 3.83% | 3.84% | 3.43% | 3.27% | 3.39% |
Avg credit score | 731.24 | 740.15 | 748.08 | 771.61 | 743.91 | 740.84 | 746.77 | 748.10 | 749.15 |
Avg LTV (loan to value) | 68.55% | 63.76% | 67.80% | 71.95% | 74.00% | 70.76% | 71.20% | 73.36% | 72.58% |
Avg DTI (debt to income) | 38.58 | 33.74 | 32.78 | 32.06 | 34.72 | 34.49 | 33.09 | 33.57 | 31.87 |
Avg refinance insurance % | 5.15% | 2.19% | 3.33% | 5.65% | 6.67% | 4.71% | 4.03% | 5.88% | 5.41% |
Best Refinance Brokers around Hopkinton, Rhode Island 02833
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hopkinton, Rhode Island 02833, we have compiled a list of top refinance brokers to assist you in the process.
David Martinelli
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02833
(781) 489-3176
djmartinelli@washtrustmortgage.com
Paul Fredette
Vp & Regional Manager
25 Mall Road, Suite 408
Wellesley, MA 02833
(781) 489-3179
pmfredette@washtrustmortgage.com
Sean Fleming
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02833
(781) 489-3178
spfleming@washtrustmortgage.com
Thomas Pierce
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02833
(508) 942-5749
tipierce@washtrustmortgage.com
Gina Helm
Vice President Mortgage Originator
6 Gooding Ave
Bristol, RI 02833
(401) 842-0954
gina.helm@banknewport.com
Address
25 Mall Road, Suite 408
Wellesley, MA
Contact
(781) 489-3176
Fax (301) 639-0804
djmartinelli@washtrustmortgage.com
Address
25 Mall Road, Suite 408
Wellesley, MA
Contact
(781) 489-3179
Fax (301) 639-0804
pmfredette@washtrustmortgage.com
Address
25 Mall Road, Suite 408
Wellesley, MA
Contact
(781) 489-3178
Fax (301) 639-0804
spfleming@washtrustmortgage.com