Compare Today’s Refinance Rates for Midland, Texas 79701
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Midland, Texas 79701.
With a 30-year amortization refinance in Midland and surrounding areas of Midland county, our calculations show that you can expect to save up to $4,695 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 Midland, Texas 79701.
Summary of Average Refinances in Midland, Texas 79701
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Interactive Refinance Rate Projections for Midland, Texas 79701
Pureloan has developed an interactive chart to monitor the five largest local lenders in Midland, TX 79701, 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 Midland, Texas 79701 from 2024 - 2016
The following historical data provides insights into refinancing trends in Midland, Texas and the surrounding Midland 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 Midland, Texas 79701
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Midland, Texas 79701, we have compiled a list of top refinance brokers to assist you in the process.
George Spradlin
Loan Originator
27 Towne Drive Suite 301
Midland, TX 79701
(843) 815-2999
george.spradlin@gatewayloan.com
Melissa Wicker
mortgage loan offficer
5109 W. Wadley, Suite 106
Midland, TX 79701
(432) 689-0000
mwicker@primewestcorp.com
Adrianne Rendon
mortgage loan offficer
5109 W. Wadley, Suite 106
Midland, TX 79701
(432) 689-0000
arendon@primewestcorp.com
Suzanne Smith
President
2101W.Wadley,Suite36,
Midland, TX 79701
(432) 683-0081
suzanne@hnbmortgage.com
Stephanie Dunnam
LoanConsultant
2101W.Wadley,Suite36,
Midland, TX 79701
(432) 683-0081
stephanie@hnbmortgage.com
Address
27 Towne Drive Suite 301
Midland, TX
Contact
(843) 815-2999
Fax (301) 639-0804
george.spradlin@gatewayloan.com
Address
5109 W. Wadley, Suite 106
Midland, TX
Contact
(432) 689-0000
Fax (301) 639-0804
mwicker@primewestcorp.com
Address
5109 W. Wadley, Suite 106
Midland, TX
Contact
(432) 689-0000
Fax (301) 639-0804
arendon@primewestcorp.com