Compare Today’s Refinance Rates for Little Compton, Rhode Island 02837
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Little Compton, Rhode Island 02837.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $8,593 over the lifetime of your mortgage, which translates to a monthly savings of $24 in Little Compton and other areas of Newport 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 Little Compton, Rhode Island 02837
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Interactive Refinance Rate Projections for Little Compton, Rhode Island 02837
Pureloan has developed an interactive chart to monitor the five largest local lenders in Little Compton, RI 02837, 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 Little Compton, Rhode Island 02837 from 2024 - 2016
The following historical data provides insights into refinancing trends in Little Compton, Rhode Island and the surrounding Newport 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 Little Compton, Rhode Island 02837
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Little Compton, Rhode Island 02837, we have compiled a list of top refinance brokers to assist you in the process.
Daniel Silverman
Vice President Mortgage Originator
PO Box 450
Newport, RI 02837
(401) 439-6619
daniel.silverman@banknewport.com
David Martinelli
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02837
(781) 489-3176
djmartinelli@washtrustmortgage.com
Paul Fredette
Vp & Regional Manager
25 Mall Road, Suite 408
Wellesley, MA 02837
(781) 489-3179
pmfredette@washtrustmortgage.com
Sean Fleming
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02837
(781) 489-3178
spfleming@washtrustmortgage.com
Thomas Pierce
Mortgage Loan Officer
25 Mall Road, Suite 408
Wellesley, MA 02837
(508) 942-5749
tipierce@washtrustmortgage.com
Address
PO Box 450
Newport, RI
Contact
(401) 439-6619
Fax (301) 639-0804
daniel.silverman@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