Compare Today’s Refinance Rates for Chattanooga, Tennessee 37408
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Chattanooga, Tennessee 37408.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $11,706 over the lifetime of your mortgage, which translates to a monthly savings of $33 in Chattanooga and other areas of Hamilton 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 Chattanooga, Tennessee 37408
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Interactive Refinance Rate Projections for Chattanooga, Tennessee 37408
Pureloan has developed an interactive chart to monitor the five largest local lenders in Chattanooga, TN 37408, 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 Chattanooga, Tennessee 37408 from 2024 - 2016
The following historical data provides insights into refinancing trends in Chattanooga, Tennessee and the surrounding Hamilton 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 | 90.43% | 63.98% | 64.98% | 64.14% | 69.22% | 66.14% | 58.06% | 54.90% | 56.30% |
avg refi rate | 6.25% | 3.64% | 2.93% | 3.22% | 4.13% | 4.52% | 4.13% | 3.91% | 4.09% |
% 15 year fixed refinance | 6.38% | 21.06% | 20.02% | 21.36% | 18.68% | 22.78% | 28.74% | 33.07% | 29.33% |
avg refi rate | 5.66% | 2.75% | 2.40% | 2.76% | 3.61% | 3.94% | 3.30% | 3.15% | 3.30% |
Avg credit score | 746.86 | 755.33 | 754.65 | 760.25 | 751.48 | 743.07 | 743.79 | 751.92 | 750.66 |
Avg LTV (loan to value) | 52.07% | 57.55% | 64.72% | 67.53% | 67.66% | 64.82% | 67.09% | 69.94% | 71.65% |
Avg DTI (debt to income) | 35.37 | 33.41 | 31.93 | 31.39 | 33.22 | 33.34 | 33.14 | 31.86 | 31.76 |
Avg refinance insurance % | 0.98% | 0.60% | 2.15% | 3.41% | 4.03% | 2.19% | 2.29% | 3.49% | 4.31% |
Best Refinance Brokers around Chattanooga, Tennessee 37408
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Chattanooga, Tennessee 37408, we have compiled a list of top refinance brokers to assist you in the process.
Lindsey Wood
Loan Officer
6221 Shallowford Road, Suite 104
Chattanooga, TN 37408
(423) 899-2887
lindsey.webb-wood@migonline.com
Terre Webb
Loan Officer
6221 Shallowford Road, Suite 104
Chattanooga, TN 37408
(423) 899-2887
terre.webb@migonline.com
Mandy Livingston
Loan Officer
7442 Shallowford Rd
Chattanooga, TN 37408
(423) 876-7653
mlivingston@firstbankonline.com
Sherri Boland
Loan Officer
7442 Shallowford Rd
Chattanooga, TN 37408
(423) 855-3030
sboland@firstbankonline.com
Jeff Armstrong
Loan Officer
7442 Shallowford Rd
Chattanooga, TN 37408
(423) 757-4618
jarmstrong@firstbankonline.com
Address
6221 Shallowford Road, Suite 104
Chattanooga, TN
Contact
(423) 899-2887
Fax (301) 639-0804
lindsey.webb-wood@migonline.com
Address
6221 Shallowford Road, Suite 104
Chattanooga, TN
Contact
(423) 899-2887
Fax (301) 639-0804
terre.webb@migonline.com
Address
7442 Shallowford Rd
Chattanooga, TN
Contact
(423) 876-7653
Fax (301) 639-0804
mlivingston@firstbankonline.com