Compare Today’s Mortgage Rates in Frankfort, Illinois 60423
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Frankfort, Illinois 60423.
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 $12,330 over the lifetime of your 30-year fixed loan, or a monthly savings of $34 in Frankfort and other areas of Will 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 Frankfort, Illinois 60423
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Frankfort, Illinois 60423
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Frankfort, IL 60423. 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 Frankfort, Illinois 60423 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Frankfort, Illinois and around Will 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 Frankfort, Illinois 60423
For those searching for a new home in Frankfort, we have compiled a list of the top mortgage brokers located in and around Frankfort, Illinois 60423 to assist you with your search.
Name
Address
Contact
Mid America Funding
8210 W Lincoln Hwy
Frankfort IL 60423
(815) 464-8000
vcg@ix.netcom.com
Majestic Funding Company
10205 W Lincoln Hwy
Frankfort IL 60423
(815) 806-1227
Integrated Mortgage Lending
20500 S La Grange Rd
Frankfort IL 60423
(815) 464-9680
World Wide Mortgage Group
7236 W Benton Dr
Frankfort IL 60423
(815) 806-1446
Property Mortgage
67 Bankview Dr
Frankfort IL 60423
(815) 464-1883
Address
8210 W Lincoln Hwy
Frankfort IL
Contact
(815) 464-8000
vcg@ix.netcom.com
Address
10205 W Lincoln Hwy
Frankfort IL
Contact
(815) 806-1227
Address
20500 S La Grange Rd
Frankfort IL
Contact
(815) 464-9680