Compare Today’s Mortgage Rates for Elwood, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Elwood, Illinois 60421. 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 $7,226 or $20 / month in Elwood and surrounding areas of Will 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 Elwood, Illinois 60421.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Elwood, Illinois 60421

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Elwood, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Elwood, IL 60421, 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 Elwood, IL

Historical Mortgage Rates for Elwood, Illinois 60421 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Elwood, Illinois and around Will 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 Elwood, Illinois 60421

If you’re looking to buy a new home in Elwood, we have compiled a list of the leading mortgage brokers around Elwood, Illinois 60421 to help you with your search.

Name
Address
Contact

Cash On the Spot

7818 W Lincoln Hwy

Frankfort IL 60421

(815) 806-0268

Rpr Holdings

7258 W Benton Dr

Frankfort IL 60421

(815) 277-5180

Wintrust Mortgage Co.

20901 S La Grange Rd

Frankfort IL 60421

(708) 481-1234

http://wintrustmortgage.net

Gateway Mortgage

20550 S La Grange Rd

Frankfort IL 60421

(815) 464-1914

hamiltonloans@yahoo.com

Gem Development Group

20550 S La Grange Rd

Frankfort IL 60421

(815) 464-8211

Address

7818 W Lincoln Hwy

Frankfort IL

Contact

(815) 806-0268

Address

7258 W Benton Dr

Frankfort IL

Contact

(815) 277-5180

Address

20901 S La Grange Rd

Frankfort IL

Contact

(708) 481-1234

http://wintrustmortgage.net

News on Mortgages and Reverse Mortgages for Elwood, Illinois 60421