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.
Summary of Average Refinances in El Paso, Texas 88525
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Interactive Refinance Rate Projections for El Paso, Texas 88525
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.
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% |
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.
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