Compare Today’s Refinance Rates for Katy, Texas 77494

Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Katy, Texas 77494.

Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Katy, Texas 77494. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,876 or $14 per month in Katy and other parts of Fort Bend county.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

29.750893 -95.811675 33450

Summary of Average Refinances in Katy, Texas 77494

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Refinance Rate Projections for Katy, Texas 77494

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to monitor the five largest local lenders in Katy, TX 77494, 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 Katy, Texas 77494

Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Read more

Katy is a city in the U.S. state of Texas within the Greater Katy area, itself forming the western part of the Greater Houston metropolitan area. Homes and businesses may have Katy postal addresses without being in the City of Katy. The city of Katy is approximately centered at the tripoint of Harris, Fort Bend, and Waller counties. Katy had a population of 21,894 at the 2020 U.S. census, up from 14,102 in 2010.

First formally settled in the mid-1890s, Katy was a railroad town along the Missouri–Kansas–Texas Railroad which ran parallel to U.S. Route 90 into downtown Houston. The fertile floodplain of Buffalo Bayou, which has its source near Katy, and its tributaries made Katy and other communities in the surrounding prairie an attractive location for rice farming. Beginning in the 1960s, the rapid growth of Houston moved westward along the new Interstate 10 corridor, bringing Katy into its environs. Today, Katy lies at the center of a broader area known as Greater Katy, which has become heavily urbanized.While largely subsumed into Greater Houston, the town of Katy is still notable for Katy Mills Mall, the Katy Independent School District, and its historic town square along the former right-of-way of the MKT railroad. Read less

Historical Refinance Rates in Katy, Texas 77494 from 2024 - 2016

The following historical data provides insights into refinancing trends in Katy, Texas and the surrounding Fort Bend 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 87.78% 50.74% 51.97% 53.39% 57.61% 50.54% 39.75% 39.25% 38.55%
avg refi rate 6.64% 3.72% 2.95% 3.24% 4.41% 4.88% 4.29% 4.01% 4.13%
% 15 year fixed refinance 8.89% 32.87% 32.88% 33.12% 29.90% 39.49% 49.17% 48.13% 47.82%
avg refi rate 5.27% 2.79% 2.43% 2.77% 3.68% 4.00% 3.46% 3.26% 3.41%
Avg credit score 734.20 740.60 758.13 763.64 747.20 731.26 738.14 744.00 745.30
Avg LTV (loan to value) 68.38% 61.79% 65.63% 68.31% 67.82% 66.30% 64.35% 65.45% 65.93%
Avg DTI (debt to income) 38.44 34.65 31.81 30.96 34.34 35.95 34.34 33.13 32.70
Avg refinance insurance % 1.69% 1.11% 2.65% 3.26% 3.81% 2.05% 1.49% 1.70% 1.45%

Source: Financial Report of the US Government

Best Refinance Brokers around Katy, Texas 77494

If you are considering refinancing your mortgage or obtaining a cash-out refinance in Katy, Texas 77494, we have compiled a list of top refinance brokers to assist you in the process.

Name
Address
Contact

Adam Wolters

Mortgage Lender

22762 Westheimer Pkwy #550A

Katy, TX 77494

(281) 733-4243

adam.wolters@supremelending.com

Judy Ernst

Mortgage Lender

3402 Torchlite Terrace, Suite B

Katy, TX 77494

(281) 391-0810

judy@mkt-mortgage.com

Scott Brown

Mortgage Lender

21322 A Provincial Blvd.

Katy, TX 77494

(281) 989-9770

scott.brown@imortgage.com

Marlene Billeri

Mortgage Lender

21322 A Provincial Blvd.

Katy, TX 77494

(713) 395-6906

marlene.billeri@imortgage.com

Lori Austin

Mortgage Lender

21322 A Provincial Blvd

Katy, TX 77494

(713) 395-6909

lori.austin@imortgage.com

Address

22762 Westheimer Pkwy #550A

Katy, TX

Contact

(281) 733-4243

Fax (301) 639-0804

adam.wolters@supremelending.com

Address

3402 Torchlite Terrace, Suite B

Katy, TX

Contact

(281) 391-0810

Fax (301) 639-0804

judy@mkt-mortgage.com

Address

21322 A Provincial Blvd.

Katy, TX

Contact

(281) 989-9770

Fax (301) 639-0804

scott.brown@imortgage.com

Refinancing News for Katy, Texas 77494