Compare Today’s Mortgage Rates in Melrose Park, Illinois 60161
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Melrose Park, Illinois 60161.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Melrose Park, Illinois 60161. For a 30-year fixed loan, our calculations show that you can expect to save up to $5,695 over the lifetime of your mortgage, which translates to a monthly savings of $16 in Melrose Park and other areas of Cook county.
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Summary of Average Mortgages in Melrose Park, Illinois 60161
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Melrose Park, Illinois 60161
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Melrose Park, IL 60161. 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 Melrose Park, Illinois 60161 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Melrose Park, 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 | 89.81% | 91.06% | 88.57% | 89.29% | 89.10% | 88.79% | 89.24% | 91.75% | |
| avg mortgage rate | 4.16% | 3.93% | 4.14% | 4.48% | 4.03% | 3.94% | 4.68% | 5.00% | |
| % 15 year fixed mortgage | 8.48% | 7.44% | 9.36% | 8.88% | 9.43% | 8.99% | 8.31% | 6.87% | |
| avg mortgage rate | 3.47% | 3.18% | 3.33% | 3.53% | 3.18% | 3.28% | 3.99% | 4.40% | |
| Avg credit score | 751.40 | 751.98 | 750.95 | 753.55 | 757.28 | 760.88 | 762.15 | 759.54 | |
| Avg LTV (loan to value) | 82.25% | 82.77% | 82.47% | 81.55% | 80.85% | 79.50% | 77.43% | 76.24% | |
| Avg DTI (debt to income) | 36.11 | 35.77 | 35.61 | 35.19 | 34.70 | 34.07 | 34.53 | 34.55 | |
| % First time homebuyer | 39.12% | 41.15% | 43.55% | 41.97% | 41.95% | 36.61% | 37.42% | 40.72% | |
| Avg mortgage insurance % | 11.78% | 12.65% | 12.73% | 11.35% | 10.06% | 8.36% | 5.62% | 4.29% |
Best Mortgage Brokers around Melrose Park, Illinois 60161
For those searching for a new home in Melrose Park, we have compiled a list of the top mortgage brokers located in and around Melrose Park, Illinois 60161 to assist you with your search.
Name
Address
Contact
Cash Direct
2130 W North Ave
Melrose Park IL 60161
(708) 615-9900
Skyline Mortgage
147 N 15th Ave
Melrose Park IL 60161
(708) 345-9707
Melrose Park Gold & Silver
1300 W Lake St
Melrose Park IL 60161
(708) 450-0002
http://www.stoneparkpawnshop.com/
Springleaf Financial Services
3519 W Lake St
Melrose Park IL 60161
(708) 865-0367
compliancehelpline@slfs.com
Check 'n Go
1909 N Mannheim Rd
Melrose Park IL 60161
(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/