Compare Today’s Refinance Rates for El Paso, Texas 88525

Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in El Paso, Texas 88525.

With a 30-year amortization refinance in El Paso and surrounding areas of El Paso county, our calculations show that you can expect to save up to $4,630 over the lifetime of your mortgage, or a monthly savings of $13. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for El Paso, Texas 88525.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

31.7691 -106.4264 34585

Summary of Average Refinances in El Paso, Texas 88525

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Refinance Rate Projections for El Paso, Texas 88525

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to monitor the five largest local lenders in El Paso, TX 88525, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.

Local Refinance Rates in El Paso, Texas 88525

El Paso is a city in and the county seat of El Paso County, Texas, United States. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 22nd-largest city in the U.S. and the sixth-largest city in Texas. The city has also the largest hispanic population share of main cities in the U.S. Read more

El Paso is a city in and the county seat of El Paso County, Texas, United States. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 22nd-largest city in the U.S. and the sixth-largest city in Texas. The city has also the largest hispanic population share of main cities in the U.S. with 81% of its population being Hispanic.

Its metropolitan statistical area covers all of El Paso and Hudspeth counties in Texas, and had a population of 868,859 in 2020. El Paso has consistently been ranked as one of the safest large cities in the United States.

El Paso stands on the Rio Grande across the Mexico–United States border from Ciudad Juárez, the most populous city in the Mexican state of Chihuahua with over 1.5 million people. The Las Cruces area, in the neighboring U.S. state of New Mexico, has a population of 219,561. On the U.S. side, the El Paso metropolitan area forms part of the larger El Paso–Las Cruces combined statistical area, with a population of 1,092,742.These three cities form a combined international metropolitan area sometimes referred to as the Paso del Norte or the Borderplex. The region of 2.7 million people constitutes the largest bilingual and binational workforce in the Western Hemisphere.The city is home to three publicly traded companies, and former Western Refining, now Marathon Petroleum, as well as home to the Medical Center of the Americas, the only medical research and care provider complex in West Texas and Southern New Mexico, and the University of Texas at El Paso, the city's primary university. The city hosts the annual Sun Bowl college football postseason game, the second-oldest bowl game in the country.El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss are located in the area. Fort Bliss is one of the largest military complexes of the United States Army and the second-largest training area in the U.S. behind nearby White Sands Missile Range. The fort is headquartered in El Paso but a large part of the training area is in New Mexico. Also headquartered in El Paso is the Drug Enforcement Administration domestic field division 7, El Paso Intelligence Center, Joint Task Force North, United States Border Patrol El Paso Sector, and U.S. Border Patrol Special Operations Group.

El Paso is a five-time All-America City Award winner, winning in 1969, 2010, 2018, 2020, and 2021, and Congressional Quarterly ranked it in the top-three safest large cities in the United States between 1997 and 2014, including holding the title of the safest city between 2011 and 2014. Read less

Historical Refinance Rates in El Paso, Texas 88525 from 2024 - 2016

The following historical data provides insights into refinancing trends in El Paso, Texas and the surrounding El Paso 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 75.00% 64.81% 58.71% 46.83% 62.96% 62.07% 47.73% 64.00% 53.85%
avg refi rate 6.79% 3.71% 3.00% 3.38% 4.36% 4.70% 4.43% 4.05% 4.09%
% 15 year fixed refinance 16.67% 28.86% 37.30% 18.52% 34.48% 45.45% 32.00% 28.21%
avg refi rate 2.72% 2.43% 2.89% 3.97% 4.00% 3.52% 3.35% 3.36%
Avg credit score 740.00 742.93 759.04 763.79 759.15 745.38 744.41 747.20 762.05
Avg LTV (loan to value) 70.75% 63.81% 65.53% 67.56% 62.78% 66.21% 66.00% 70.62% 68.72%
Avg DTI (debt to income) 38.00 34.20 32.67 33.22 36.70 34.79 34.95 32.74 28.46
Avg refinance insurance % 3.00% 1.81% 2.10% 2.56% 2.04% 2.52% 2.09% 4.78% 3.46%

Source: Financial Report of the US Government

Best Refinance Brokers around El Paso, Texas 88525

If you are considering refinancing your mortgage or obtaining a cash-out refinance in El Paso, Texas 88525, we have compiled a list of top refinance brokers to assist you in the process.

Name
Address
Contact

Lorenzo Revelez

Loan officer

9993 Kenworthy Dr.

El Paso, TX 88525

(915) 383-5303

lrevelez@firstlightfcu.org

Patricia Carmona

Loan officer

5050 N. Desert

El Paso, TX 88525

(915) 231-3195

pcarmona@firstlightfcu.org

Jewel Wagner

Loan officer

221 N Kansas Street Ste. 700

El Paso, TX 88525

(505) 508-8372

jcasablanca@goldfinancial.com

Steven Arvizu

Mortgage Lender

8340 Gateway East

El Paso, TX 88525

(915) 771-1739

sarvizu@weststarbank.com

Gerardo Rojero

Mortgage Lender

8340 Gateway East

El Paso, TX 88525

(915) 771-1732

grojero@weststarbank.com

Address

9993 Kenworthy Dr.

El Paso, TX

Contact

(915) 383-5303

Fax (301) 639-0804

lrevelez@firstlightfcu.org

Address

5050 N. Desert

El Paso, TX

Contact

(915) 231-3195

Fax (301) 639-0804

pcarmona@firstlightfcu.org

Address

221 N Kansas Street Ste. 700

El Paso, TX

Contact

(505) 508-8372

Fax (301) 639-0804

jcasablanca@goldfinancial.com

Refinancing News for El Paso, Texas 88525

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