Compare Today’s Refinance Rates for Columbia, Tennessee 38402
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Columbia, Tennessee 38402.
With a 30-year amortization refinance in Columbia and surrounding areas of Maury county, our calculations show that you can expect to save up to $7,818 over the lifetime of your mortgage, or a monthly savings of $22. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Columbia, Tennessee 38402.
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Summary of Average Refinances in Columbia, Tennessee 38402
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Interactive Refinance Rate Projections for Columbia, Tennessee 38402
Pureloan has developed an interactive chart to monitor the five largest local lenders in Columbia, TN 38402, 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 Columbia, Tennessee 38402 from 2024 - 2016
The following historical data provides insights into refinancing trends in Columbia, Tennessee and the surrounding Maury 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 | |
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% 30 year fixed refinance | 88.89% | 71.53% | 65.00% | 62.81% | 66.96% | 71.79% | 61.29% | 48.15% | 61.70% |
avg refi rate | 6.31% | 3.84% | 3.01% | 3.29% | 4.30% | 4.67% | 4.18% | 3.95% | 4.12% |
% 15 year fixed refinance | 5.56% | 16.67% | 18.52% | 22.72% | 24.35% | 14.10% | 26.88% | 35.19% | 24.47% |
avg refi rate | 5.50% | 2.82% | 2.48% | 2.87% | 3.70% | 4.06% | 3.56% | 3.24% | 3.48% |
Avg credit score | 722.33 | 734.50 | 743.00 | 750.04 | 738.68 | 730.00 | 745.99 | 746.04 | 749.71 |
Avg LTV (loan to value) | 57.11% | 60.81% | 65.53% | 69.77% | 70.15% | 71.54% | 70.34% | 74.72% | 72.17% |
Avg DTI (debt to income) | 39.22 | 31.95 | 32.37 | 32.82 | 33.63 | 33.24 | 33.19 | 32.68 | 31.99 |
Avg refinance insurance % | 1.67% | 1.70% | 2.82% | 3.65% | 4.14% | 4.01% | 2.95% | 5.84% | 5.11% |
Best Refinance Brokers around Columbia, Tennessee 38402
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Columbia, Tennessee 38402, we have compiled a list of top refinance brokers to assist you in the process.
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