Compare Today’s Refinance Rates for Loraine, Texas 79532
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Loraine, Texas 79532.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $1,496 over the lifetime of your mortgage, which translates to a monthly savings of $4 in Loraine and other areas of Mitchell county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Loraine, Texas 79532
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Interactive Refinance Rate Projections for Loraine, Texas 79532
Pureloan has developed an interactive chart to monitor the five largest local lenders in Loraine, TX 79532, 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 Loraine, Texas 79532 from 2024 - 2016
The following historical data provides insights into refinancing trends in Loraine, Texas and the surrounding Mitchell 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 | 100.00% | 41.11% | 39.18% | 47.53% | 53.06% | 53.66% | 42.31% | 48.48% | 27.27% |
avg refi rate | 6.35% | 3.68% | 3.00% | 3.24% | 4.37% | 4.48% | 4.19% | 4.05% | 3.94% |
% 15 year fixed refinance | 35.56% | 45.52% | 35.43% | 42.86% | 34.15% | 44.23% | 42.42% | 48.48% | |
avg refi rate | 3.00% | 2.53% | 2.85% | 3.98% | 4.07% | 3.46% | 3.18% | 3.44% | |
Avg credit score | 747.17 | 728.57 | 741.76 | 751.19 | 730.82 | 741.44 | 735.75 | 737.98 | 723.30 |
Avg LTV (loan to value) | 77.83% | 67.73% | 71.14% | 73.58% | 71.29% | 70.68% | 69.02% | 73.23% | 69.73% |
Avg DTI (debt to income) | 34.50 | 33.43 | 32.93 | 32.05 | 35.08 | 32.95 | 35.69 | 32.83 | 32.61 |
Avg refinance insurance % | 8.33% | 3.89% | 4.71% | 5.82% | 3.65% | 7.63% | 3.71% | 3.94% | 3.70% |
Best Refinance Brokers around Loraine, Texas 79532
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Loraine, Texas 79532, we have compiled a list of top refinance brokers to assist you in the process.
Bobby Brennan
mortgage-lenders
301 Edwards
Merkel, TX 79532
(325) 928-1111
bbrennan@ffin.com
Becky Griffin
mortgage-lenders
301 Edwards
Merkel, TX 79532
(325) 928-1111
bgriffin@ffin.com
Brad Seay
mortgage-lenders
301 Edwards
Merkel, TX 79532
(325) 928-1111
bseay@ffin.com
Britt Stuart
mortgage-lenders
301 Edwards
Merkel, TX 79532
(325) 928-1111
bstuart@ffin.com
Chelsea Hansen
mortgage-lenders
301 Edwards
Merkel, TX 79532
(325) 928-1111
chansen@ffin.com
Address
301 Edwards
Merkel, TX
Contact
(325) 928-1111
Fax (301) 639-0804
bbrennan@ffin.com
Address
301 Edwards
Merkel, TX
Contact
(325) 928-1111
Fax (301) 639-0804
bgriffin@ffin.com
Address
301 Edwards
Merkel, TX
Contact
(325) 928-1111
Fax (301) 639-0804
bseay@ffin.com