Compare Today’s Refinance Rates for Redmond, Washington 98053
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Redmond, Washington 98053.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $14,432 over the lifetime of your mortgage, which translates to a monthly savings of $40 in Redmond and other areas of King 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 Redmond, Washington 98053
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Interactive Refinance Rate Projections for Redmond, Washington 98053
Pureloan has developed an interactive chart to monitor the five largest local lenders in Redmond, WA 98053, 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 Redmond, Washington 98053 from 2024 - 2016
The following historical data provides insights into refinancing trends in Redmond, Washington and the surrounding King 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 | 84.21% | 63.48% | 71.68% | 73.13% | 76.59% | 71.42% | 66.71% | 69.98% | 68.14% |
avg refi rate | 6.30% | 3.44% | 2.85% | 3.17% | 4.01% | 4.48% | 4.04% | 3.86% | 4.05% |
% 15 year fixed refinance | 10.53% | 24.08% | 18.84% | 18.26% | 16.15% | 20.67% | 24.60% | 22.13% | 22.08% |
avg refi rate | 5.25% | 2.58% | 2.36% | 2.71% | 3.41% | 3.78% | 3.26% | 3.09% | 3.24% |
Avg credit score | 758.08 | 760.52 | 767.34 | 768.62 | 758.06 | 748.00 | 753.66 | 759.34 | 762.25 |
Avg LTV (loan to value) | 50.26% | 49.34% | 56.67% | 60.83% | 65.18% | 58.38% | 62.45% | 64.87% | 68.05% |
Avg DTI (debt to income) | 35.97 | 34.03 | 31.74 | 31.95 | 34.09 | 35.37 | 34.27 | 32.75 | 32.78 |
Avg refinance insurance % | 0.32% | 0.63% | 0.94% | 1.84% | 3.37% | 0.92% | 1.51% | 1.71% | 2.76% |
Best Refinance Brokers around Redmond, Washington 98053
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Redmond, Washington 98053, we have compiled a list of top refinance brokers to assist you in the process.
Todd Patterson
Mortgage Loan Officer
7450 170th Ave NE
Redmond, WA 98053
(704) 386-5972
todd.patterson@bankofamerica.com
Adam Hutchison
Home Mortgage Consultant
8502 160th Ave NE
Redmond, WA 98053
(425) 885-6531
Adam.Hutchison@wellsfargo.com
Cailene Huerta
Home Mortgage Consultant
8502 160th Ave NE
Redmond, WA 98053
(425) 885-6531
Cailene.Huerta@wellsfargo.com
Stewart Sanders
Home Mortgage Consultant
8502 160th Ave NE
Redmond, WA 98053
(425) 885-6531
Stewart.Sanders@wellsfargo.com
Patrick Lloid
Home Mortgage Consultant
8502 160th Ave NE
Redmond, WA 98053
(425) 885-6531
Patrick.Lloid@wellsfargo.com
Address
7450 170th Ave NE
Redmond, WA
Contact
(704) 386-5972
Fax (301) 639-0804
todd.patterson@bankofamerica.com
Address
8502 160th Ave NE
Redmond, WA
Contact
(425) 885-6531
Fax (301) 639-0804
Adam.Hutchison@wellsfargo.com
Address
8502 160th Ave NE
Redmond, WA
Contact
(425) 885-6531
Fax (301) 639-0804
Cailene.Huerta@wellsfargo.com