Compare Today’s Mortgage Rates in Chicago, Illinois 60697
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Chicago, Illinois 60697.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $9,947 over the lifetime of your 30-year fixed loan, or a monthly savings of $28 in Chicago and other areas of Cook county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Chicago, Illinois 60697
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Chicago, Illinois 60697
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Chicago, IL 60697. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Chicago, Illinois 60697 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Chicago, Illinois and around Cook county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 93.70% | 91.55% | 92.64% | 92.26% | 91.63% | 89.07% | 89.52% | 90.14% | 87.90% |
avg mortgage rate | 6.55% | 4.65% | 3.01% | 3.33% | 4.35% | 4.62% | 4.20% | 3.92% | 4.12% |
% 15 year fixed mortgage | 5.12% | 7.24% | 6.10% | 6.35% | 6.74% | 8.89% | 8.78% | 8.29% | 10.50% |
avg mortgage rate | 5.89% | 3.86% | 2.38% | 2.89% | 3.80% | 3.99% | 3.41% | 3.14% | 3.28% |
Avg credit score | 754.55 | 763.00 | 761.19 | 760.34 | 752.29 | 758.63 | 753.97 | 752.61 | 752.89 |
Avg LTV (loan to value) | 82.05% | 82.54% | 82.90% | 83.25% | 82.78% | 80.26% | 80.47% | 81.62% | 80.80% |
Avg DTI (debt to income) | 38.37 | 36.96 | 35.28 | 35.58 | 36.76 | 36.39 | 35.91 | 35.62 | 35.50 |
% First time homebuyer | 53.23% | 49.87% | 45.48% | 46.81% | 49.14% | 40.66% | 39.34% | 41.40% | 43.05% |
Avg mortgage insurance % | 12.61% | 12.56% | 12.60% | 12.82% | 12.80% | 10.20% | 10.10% | 11.32% | 11.13% |
Best Mortgage Brokers around Chicago, Illinois 60697
For those searching for a new home in Chicago, we have compiled a list of the top mortgage brokers located in and around Chicago, Illinois 60697 to assist you with your search.
Name
Address
Contact
Bayview Loan Service
62516 Collection Center Dr
Chicago IL 60697
(312) 629-5265
Unique Mortgage
3631 S Cottage Grove Ave
Chicago IL 60697
(773) 624-9751
Five Star Mortgage Consultants
3548 S Calumet Ave
Chicago IL 60697
(312) 988-0638
Student Loan Advocate Group
4040 S Prairie Ave
Chicago IL 60697
(773) 675-8109
BMC Mortgage Solutions
6533 S Winchester Ave
Chicago IL 60697
(773) 778-5568
Address
62516 Collection Center Dr
Chicago IL
Contact
(312) 629-5265
Address
3631 S Cottage Grove Ave
Chicago IL
Contact
(773) 624-9751
Address
3548 S Calumet Ave
Chicago IL
Contact
(312) 988-0638