Compare Today’s Mortgage Rates for Chicago, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Chicago, Illinois 60604. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $8,620 or $24 / 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 60604.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Chicago, Illinois 60604

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Chicago, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Chicago, IL 60604, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Chicago, IL

Historical Mortgage Rates for Chicago, Illinois 60604 from 2013 - 2020

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.

2013 2014 2015 2016 2017 2018 2019 2020
% 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%
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 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 60604

If you’re looking to buy a new home in Chicago, we have compiled a list of the leading mortgage brokers around Chicago, Illinois 60604 to help you with your search.

Name
Address
Contact

Dream Mortgages

4159 W Fullerton Ave

Chicago IL 60604

(773) 235-8409

iLoan Headquarters

100 S Wacker Dr

Chicago IL 60604

(800) 675-0200

https://iloan.com

Ww Finance

191 N Wacker Dr

Chicago IL 60604

(312) 525-2262

Great American Finance Company

20 N Wacker Dr

Chicago IL 60604

(312) 332-7119

https://www.gafco.net/

PNC Mortgage

1 N Franklin St

Chicago IL 60604

(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 60604