Best Mortgage Refinance Rates still seem quite attractive

pure loan
Dec 14, 2021
2 min read

What are the trends now? It is a mystery because national averages mean nothing with many lenders willing for far cheaper loans. What were the predictions for the week of December 2-8? Surveys reveal that 22% believed it would rise. While 44% thought rates would dwindle, 33% believed the rates would stay the same. Current Mortgage Refinance Rates remain quite volatile and the future indicates rising rates with Christmas and the New Year.

Refinance Rates Calculator shows the easy way out

Save time, energy, and frustration by using the calculator online or offline. Cross-check the figures if doubts arise. Select Refinance and enter purchase price and down payment, loan amount, and term length along with the property ZIP code. Monthly payments appear instantly by Refinance Rates Calculator. Clarify with the company. Entering a variety of figures with differing ZIP codes helps to understand the system better.

Calculations of monthly installments depend upon several factors. Along with the Principal and interest, you have homeowner’s insurance, property tax, and HOA fees.

Why do refinance rates appear reasonable?

One financial institution offers an APR of 2.616% for 30-year fixed refinance rates, and they claim that it is 0.634% lower than the national average at 3.250%.

The same institution offers a 15-year fixed refinance at 1.990% APR which is supposed to be 0.610% lower than the national average that stands at 2.600%.

How another company looks at it

Refinance is somewhat cheaper than the purchase rates but mortgage purchase rates indicate the trend. On a purchase price of $250,000 with a 20% down payment in ZIP code 95464, what are the mortgage rates?

30-year fixed - 3.000% with monthly $843

15-year fixed - 2.250% with monthly $1310

5y/6m ARM variable - 2.125% with monthly $752

Top 5 St. Louis Refinance Rates

Missouri St. Louis Refinance Rates today stands at 3.18% for a 30-year fixed, 2.49% for a 15-year fixed, and 3.00% for 5/1 ARM. Consider a hypothetical example of a refinance loan for a property valued at $638,000. Imagine cash out and a loan balance of $510,400. What rates would apply to a 30-year fixed?

The cheapest response is a rate of 2.500% with APR 2.616% and monthly $2017

The next best response is a rate of 2.740% with APR 2.740% and a monthly $2081

The third response is a rate of 2.750% with APR 2.750% and monthly $2084

The fourth response is a rate of 2.625% with APR 2.762% and a monthly $2050

Top 10 Greensboro Refinance Rates

North Carolina today asks for 3.19% for the 30-year fixed and 2.50% for the 15-year fixed. What are the terms for a 20-year fixed Greensboro Refinance Rate on a $510,400 loan?

Company A wants 2.250% interest with a monthly $2643

Company B wants 2.250% interest with a monthly $2643

Company C wants 2.490% interest with a monthly $2702

Company D wants 2.740% interest with a monthly $2765

(Other charges differ between A and B)

Go ahead on a war footing to bargain vigorously.