Compare Today’s Refinance Rates for Electra, Texas 76360
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Electra, Texas 76360.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Electra, Texas 76360. For 30-year amortization refinancing, you can expect lifetime cash savings of $806 or $2 per month in Electra and other parts of Wichita county.
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Summary of Average Refinances in Electra, Texas 76360
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Interactive Refinance Rate Projections for Electra, Texas 76360
Pureloan has developed an interactive chart to monitor the five largest local lenders in Electra, TX 76360, 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 Electra, Texas 76360 from 2024 - 2016
The following historical data provides insights into refinancing trends in Electra, Texas and the surrounding Wichita 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 | 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 Electra, Texas 76360
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Electra, Texas 76360, we have compiled a list of top refinance brokers to assist you in the process.
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