Compare Today’s Refinance Rates for New London, Texas 75682
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in New London, Texas 75682.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,918 over the lifetime of your mortgage, which translates to a monthly savings of $11 in New London and other areas of Rusk 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 New London, Texas 75682
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Interactive Refinance Rate Projections for New London, Texas 75682
Pureloan has developed an interactive chart to monitor the five largest local lenders in New London, TX 75682, 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 New London, Texas 75682 from 2024 - 2016
The following historical data provides insights into refinancing trends in New London, Texas and the surrounding Rusk 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 | 87.38% | 52.54% | 53.06% | 55.63% | 60.56% | 56.33% | 45.86% | 48.99% | 44.00% |
| avg refi rate | 6.43% | 3.54% | 2.89% | 3.18% | 3.99% | 4.58% | 4.11% | 3.87% | 4.09% |
| % 15 year fixed refinance | 8.74% | 30.33% | 32.14% | 31.12% | 26.68% | 30.80% | 42.21% | 38.39% | 42.06% |
| avg refi rate | 5.78% | 2.58% | 2.33% | 2.71% | 3.42% | 3.89% | 3.33% | 3.11% | 3.32% |
| Avg credit score | 743.96 | 751.30 | 759.20 | 764.42 | 753.78 | 736.95 | 739.95 | 747.91 | 746.41 |
| Avg LTV (loan to value) | 55.28% | 57.95% | 65.52% | 69.83% | 71.18% | 63.41% | 64.54% | 67.68% | 69.71% |
| Avg DTI (debt to income) | 37.95 | 34.93 | 32.56 | 32.27 | 34.47 | 35.77 | 34.42 | 33.15 | 32.70 |
| Avg refinance insurance % | 1.48% | 0.45% | 2.26% | 4.09% | 5.61% | 1.72% | 1.38% | 1.87% | 2.03% |
Best Refinance Brokers around New London, Texas 75682
If you are considering refinancing your mortgage or obtaining a cash-out refinance in New London, Texas 75682, we have compiled a list of top refinance brokers to assist you in the process.
Jeanna Hill
Mortgage Loan Officer
1620 Rice Rd
Tyler, TX 75682
(903) 509-9000
jeanna@tylerhomemortgage.com
Sandi Bailey
Mortgage Lender
2323 W Grande Blvd
Tyler, TX 75682
(903) 237-5584
sbailey@texasbankandtrust.com
Jonathan Cromer
Mortgage Lender
2323 W Grande Blvd
Tyler, TX 75682
(903) 237-5500
jcromer@texasbankandtrust.com
Julie Graves
Mortgage Lender
2323 W Grande Blvd
Tyler, TX 75682
(903) 237-5584
jgraves@texasbankandtrust.com
Kevin Hood
Mortgage Lender
2323 W Grande Blvd
Tyler, TX 75682
(903) 237-5500
khood@texasbankandtrust.com
Address
1620 Rice Rd
Tyler, TX
Contact
(903) 509-9000
Fax (301) 639-0804
jeanna@tylerhomemortgage.com
Address
2323 W Grande Blvd
Tyler, TX
Contact
(903) 237-5584
Fax (301) 639-0804
sbailey@texasbankandtrust.com
Address
2323 W Grande Blvd
Tyler, TX
Contact
(903) 237-5500
Fax (301) 639-0804
jcromer@texasbankandtrust.com