Compare Today’s Refinance Rates for Memphis, Tennessee

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Memphis, Tennessee 38136. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $3,419 or $9 / month in Memphis and other areas of Shelby county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Memphis, Tennessee 38136.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Memphis, Tennessee 38136

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Memphis, TN

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Memphis, TN 38136, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Memphis, TN

Refinance Rates for Memphis, Tennessee 38136 from 2013 - 2020

Below are historical data on refinancing in Memphis, Tennessee and around Shelby county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 57.14% 48.84% 51.32% 49.29% 64.66% 56.09% 53.47% 61.74%
avg refi rate 4.82% 4.62% 3.89% 3.79% 4.50% 4.11% 3.98% 4.13%
% 15 year fixed refinance 24.49% 34.88% 35.09% 37.50% 29.32% 29.89% 31.35% 33.04%
avg refi rate 4.22% 3.83% 3.26% 3.08% 3.69% 3.38% 3.23% 3.31%
Avg credit score 754.73 752.80 764.45 756.74 743.14 751.65 741.46 737.72
Avg LTV (loan to value) 71.84% 70.80% 73.25% 73.33% 76.00% 75.61% 75.13% 73.23%
Avg DTI (debt to income) 28.80 31.66 29.53 29.86 31.34 31.60 31.50 32.37
Avg refinance insurance % 2.67% 3.63% 4.50% 4.22% 8.54% 6.44% 6.84% 5.87%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Memphis, Tennessee 38136

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Memphis, Tennessee 38136, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Manuel Boyadjian

Loan Officer

1000 Brookfield Road, Suite 225

Memphis, TN 38136

(901) 761-6910

manuel.boyadjian@migonline.com

Kenneth Henry

Mortgage Lenders

7130 Goodlett Farms

Memphis, TN 38136

(601) 554-2757

kenneth.henry@regions.com

Jennifer Michalski

Mortgage Lenders

6200 Poplar Avenue

Memphis, TN 38136

(901) 580-5653

jennifer.michalski@regions.com

Jerri Chamberlin

Mortgage Lenders

6200 Poplar Avenue

Memphis, TN 38136

(901) 580-5276

jerri.chamberlin@regions.com

Kevin Massey

Mortgage Lenders

3577 Hacks Cross Road

Memphis, TN 38136

(800) 734-4667

kevin.massey@regions.com

Address

1000 Brookfield Road, Suite 225

Memphis, TN

Contact

(901) 761-6910

Fax (301) 639-0804

manuel.boyadjian@migonline.com

Address

7130 Goodlett Farms

Memphis, TN

Contact

(601) 554-2757

Fax (301) 639-0804

kenneth.henry@regions.com

Address

6200 Poplar Avenue

Memphis, TN

Contact

(901) 580-5653

Fax (301) 639-0804

jennifer.michalski@regions.com

Refinancing News for Memphis, Tennessee 38136