Compare Today’s Refinance Rates for Covington, Texas 76636
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Covington, Texas 76636.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Covington, Texas 76636. For 30-year amortization refinancing, you can expect lifetime cash savings of $6,212 or $17 per month in Covington and other parts of Hill county.
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Summary of Average Refinances in Covington, Texas 76636
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Interactive Refinance Rate Projections for Covington, Texas 76636
Pureloan has developed an interactive chart to monitor the five largest local lenders in Covington, TX 76636, 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 Covington, Texas 76636 from 2024 - 2016
The following historical data provides insights into refinancing trends in Covington, Texas and the surrounding Hill 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 | 96.43% | 64.64% | 60.98% | 57.69% | 66.28% | 65.06% | 62.84% | 63.21% | 41.67% |
avg refi rate | 6.06% | 3.93% | 3.05% | 3.40% | 4.36% | 4.73% | 4.25% | 4.02% | 4.24% |
% 15 year fixed refinance | 3.57% | 22.32% | 26.40% | 28.91% | 27.33% | 25.90% | 30.60% | 27.36% | 43.75% |
avg refi rate | 5.38% | 2.88% | 2.53% | 2.89% | 3.88% | 4.04% | 3.48% | 3.26% | 3.53% |
Avg credit score | 747.14 | 733.57 | 743.17 | 747.81 | 746.83 | 734.82 | 739.08 | 744.72 | 746.26 |
Avg LTV (loan to value) | 64.39% | 56.19% | 66.22% | 70.73% | 68.44% | 69.10% | 72.42% | 71.90% | 69.85% |
Avg DTI (debt to income) | 39.89 | 34.99 | 33.35 | 34.37 | 34.93 | 35.34 | 34.85 | 33.22 | 32.76 |
Avg refinance insurance % | 2.36% | 0.57% | 2.22% | 3.94% | 3.42% | 2.66% | 4.16% | 4.77% | 2.30% |
Best Refinance Brokers around Covington, Texas 76636
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Covington, Texas 76636, we have compiled a list of top refinance brokers to assist you in the process.
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