Compare Today’s Mortgage Rates for Chicago, Illinois

Pureloan searches all major banks and mortgage lenders for the best home loan rates in Chicago, Illinois 60290. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $48,532 or $135 / month in Chicago and surrounding areas of Cook county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Chicago, Illinois 60290.

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Summary of Average Mortgage Terms in Chicago, Illinois 60290

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Historical Mortgage Rates for Chicago, Illinois 60290 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Chicago, Illinois and around Cook county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2012 2013 2014 2015 2016 2017 2018 2019
% 30 year fixed mortgage 91.78% 87.76% 89.69% 88.49% 88.96% 88.02% 90.34% 88.63%
avg mortgage rate 4.97% 4.70% 3.90% 4.00% 4.46% 4.13% 3.90% 4.14%
% 15 year fixed mortgage 6.74% 9.79% 8.06% 10.15% 9.61% 10.23% 8.17% 9.96%
avg mortgage rate 4.38% 3.94% 3.19% 3.18% 3.51% 3.28% 3.12% 3.34%
% 10 year fixed mortgage 0.16% 0.48% 0.31% 0.33% 0.27% 0.22% 0.16% 0.28%
avg mortgage rate 4.46% 3.69% 3.05% 3.25% 3.34% 3.39% 2.97% 3.48%
Avg credit score 759.59 761.46 762.23 758.20 754.09 752.53 752.41 752.56
Avg LTV (loan to value) 73.99% 75.67% 78.13% 79.09% 80.50% 81.09% 81.75% 81.14%
Avg Combined LTV (loan to value) 74.91% 76.48% 78.93% 79.83% 81.03% 81.57% 82.18% 81.69%
Avg DTI (debt to income) 34.68 34.66 34.09 34.60 34.69 35.25 35.30 36.08
% First time homebuyer 38.63% 33.40% 35.61% 39.08% 40.73% 40.93% 40.51% 38.52%
Avg mortgage insurance % 3.55% 4.82% 7.39% 8.39% 10.23% 11.50% 11.59% 10.51%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Chicago, Illinois 60290

If you’re looking to buy a new home in Chicago, we have compiled a list of the leading mortgage brokers around Chicago, Illinois 60290 to help you with your search.

Name
Address
Contact

Dream Mortgages

4159 W Fullerton Ave

Chicago IL 60290

(773) 235-8409

iLoan Headquarters

100 S Wacker Dr

Chicago IL 60290

(800) 675-0200

https://iloan.com

Ww Finance

191 N Wacker Dr

Chicago IL 60290

(312) 525-2262

Great American Finance Company

20 N Wacker Dr

Chicago IL 60290

(312) 332-7119

https://www.gafco.net/

PNC Mortgage

1 N Franklin St

Chicago IL 60290

(312) 453-7700

pncpaymentportal@pnc.com

Address

4159 W Fullerton Ave

Chicago IL

Contact

(773) 235-8409

Address

100 S Wacker Dr

Chicago IL

Contact

(800) 675-0200

https://iloan.com

Address

191 N Wacker Dr

Chicago IL

Contact

(312) 525-2262

News on Mortgages and Reverse Mortgages for Chicago, Illinois 60290