Compare Today’s Mortgage Rates for Michael, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Michael, Illinois 62065. 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 $2,883 or $8 / month in Michael and surrounding areas of Jersey 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 Michael, Illinois 62065.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Michael, Illinois 62065

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 Michael, IL 62065, 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 Michael, Illinois 62065 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Michael, Illinois and around Jersey 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 83.52% 80.42% 82.04% 85.67% 84.46% 85.22% 84.87% 85.19%
avg mortgage rate 4.94% 4.74% 3.87% 3.96% 4.43% 4.05% 3.84% 4.08%
% 15 year fixed mortgage 12.23% 14.86% 13.97% 12.31% 11.02% 11.34% 10.46% 11.48%
avg mortgage rate 4.33% 3.99% 3.13% 3.00% 3.40% 3.17% 3.04% 3.20%
Avg credit score 762.28 759.96 757.56 756.73 753.38 752.11 750.03 752.87
Avg LTV (loan to value) 77.11% 78.67% 81.08% 81.23% 82.45% 82.38% 83.72% 83.62%
Avg DTI (debt to income) 31.55 32.21 30.99 32.23 32.29 32.75 32.60 33.27
% First time homebuyer 29.04% 25.00% 25.35% 26.64% 25.14% 24.33% 26.69% 18.15%
Avg mortgage insurance % 5.23% 6.90% 9.98% 10.90% 11.61% 12.38% 13.52% 12.73%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Michael, Illinois 62065

If you’re looking to buy a new home in Michael, we have compiled a list of the leading mortgage brokers around Michael, Illinois 62065 to help you with your search.

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News on Mortgages and Reverse Mortgages for Michael, Illinois 62065