Compare Today’s Refinance Rates for Shallowater, Texas 79363
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Shallowater, Texas 79363.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $6,922 over the lifetime of your mortgage, which translates to a monthly savings of $19 in Shallowater and other areas of Lubbock 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 Shallowater, Texas 79363
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Interactive Refinance Rate Projections for Shallowater, Texas 79363
Pureloan has developed an interactive chart to monitor the five largest local lenders in Shallowater, TX 79363, 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 Shallowater, Texas 79363 from 2024 - 2016
The following historical data provides insights into refinancing trends in Shallowater, Texas and the surrounding Lubbock 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 Shallowater, Texas 79363
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Shallowater, Texas 79363, we have compiled a list of top refinance brokers to assist you in the process.
Matthew Champion
Home Mortgage Consultant
1500 Broadway Fl 1ST
Lubbock, TX 79363
(806) 767-7472
matthew.champion@wellsfargo.com
Katherine Dalton
Home Mortgage Consultant
1500 Broadway Fl 1ST
Lubbock, TX 79363
(806) 767-7472
katherine.dalton@wellsfargo.com
Robert Dalton
Home Mortgage Consultant
1500 Broadway Fl 1ST
Lubbock, TX 79363
(806) 767-7472
robert.dalton@wellsfargo.com
Eddie Garcia
Home Mortgage Consultant
1500 Broadway Fl 1ST
Lubbock, TX 79363
(806) 767-7472
eddie.garcia@wellsfargo.com
Linda Lewis
President
4212 50th St
Lubbock, TX 79363
(800) 613-4408
Linda@capitalmort.com
Address
1500 Broadway Fl 1ST
Lubbock, TX
Contact
(806) 767-7472
Fax (301) 639-0804
matthew.champion@wellsfargo.com
Address
1500 Broadway Fl 1ST
Lubbock, TX
Contact
(806) 767-7472
Fax (301) 639-0804
katherine.dalton@wellsfargo.com
Address
1500 Broadway Fl 1ST
Lubbock, TX
Contact
(806) 767-7472
Fax (301) 639-0804
robert.dalton@wellsfargo.com