Compare Today’s Mortgage Rates for Melrose Park, Illinois

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Melrose Park, Illinois 60164. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $7,250 or $20 / month in Melrose Park and other areas of Cook county.

Our search engine explores all home mortgage options in Melrose Park, Illinois 60164, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Melrose Park, Illinois 60164

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Melrose Park, IL 60164, 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.

Historical Mortgage Rates for Melrose Park, Illinois 60164 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Melrose Park, 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 91.75% 89.24% 88.79% 89.10% 89.29% 88.57% 91.06% 89.81%
avg mortgage rate 5.00% 4.68% 3.94% 4.03% 4.48% 4.14% 3.93% 4.16%
% 15 year fixed mortgage 6.87% 8.31% 8.99% 9.43% 8.88% 9.36% 7.44% 8.48%
avg mortgage rate 4.40% 3.99% 3.28% 3.18% 3.53% 3.33% 3.18% 3.47%
Avg credit score 759.54 762.15 760.88 757.28 753.55 750.95 751.98 751.40
Avg LTV (loan to value) 76.24% 77.43% 79.50% 80.85% 81.55% 82.47% 82.77% 82.25%
Avg DTI (debt to income) 34.55 34.53 34.07 34.70 35.19 35.61 35.77 36.11
% First time homebuyer 40.72% 37.42% 36.61% 41.95% 41.97% 43.55% 41.15% 39.12%
Avg mortgage insurance % 4.29% 5.62% 8.36% 10.06% 11.35% 12.73% 12.65% 11.78%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Melrose Park, Illinois 60164

If you’re looking to buy a new home in Melrose Park, we have compiled a list of the leading mortgage brokers around Melrose Park, Illinois 60164 to help you with your search.

Name
Address
Contact

Cash Direct

2130 W North Ave

Melrose Park IL 60164

(708) 615-9900

Skyline Mortgage

147 N 15th Ave

Melrose Park IL 60164

(708) 345-9707

Melrose Park Gold & Silver

1300 W Lake St

Melrose Park IL 60164

(708) 450-0002

http://www.stoneparkpawnshop.com/

Springleaf Financial Services

3519 W Lake St

Melrose Park IL 60164

(708) 865-0367

compliancehelpline@slfs.com

Check 'n Go

1909 N Mannheim Rd

Melrose Park IL 60164

(708) 344-1256

comments@checkngo.com

Address

2130 W North Ave

Melrose Park IL

Contact

(708) 615-9900

Address

147 N 15th Ave

Melrose Park IL

Contact

(708) 345-9707

Address

1300 W Lake St

Melrose Park IL

Contact

(708) 450-0002

http://www.stoneparkpawnshop.com/

News on Mortgages and Reverse Mortgages for Melrose Park, Illinois 60164