Compare Today’s Mortgage Rates in Monmouth, Illinois 61462
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Monmouth, Illinois 61462.
Our search engine thoroughly explores all home mortgage options in Monmouth, Illinois 61462, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $3,410 in lifetime cash or $9 per month in Monmouth and other areas of Warren county.
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Summary of Average Mortgages in Monmouth, Illinois 61462
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Monmouth, Illinois 61462
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Monmouth, IL 61462. 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 Monmouth, Illinois 61462 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Monmouth, Illinois and around Warren 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 | 93.14% | 88.92% | 88.28% | 84.30% | 86.72% | 85.93% | 83.84% | 83.66% | 84.64% |
| avg mortgage rate | 6.66% | 4.73% | 3.06% | 3.35% | 4.39% | 4.67% | 4.17% | 3.82% | 4.04% |
| % 15 year fixed mortgage | 5.39% | 9.39% | 8.99% | 12.93% | 10.55% | 11.17% | 13.01% | 13.16% | 12.61% |
| avg mortgage rate | 5.73% | 3.88% | 2.45% | 2.80% | 3.79% | 4.07% | 3.31% | 2.99% | 3.14% |
| Avg credit score | 747.56 | 775.84 | 764.46 | 766.79 | 772.91 | 760.40 | 752.02 | 750.15 | 751.05 |
| Avg LTV (loan to value) | 82.44% | 83.73% | 84.12% | 83.82% | 84.02% | 82.94% | 83.16% | 82.95% | 82.00% |
| Avg DTI (debt to income) | 34.28 | 35.94 | 33.15 | 33.45 | 33.38 | 34.31 | 33.14 | 32.57 | 32.36 |
| % First time homebuyer | 46.57% | 41.88% | 37.71% | 38.20% | 36.48% | 31.17% | 29.45% | 33.28% | 30.53% |
| Avg mortgage insurance % | 13.34% | 14.11% | 13.95% | 13.93% | 14.03% | 12.93% | 11.98% | 12.69% | 11.32% |
Best Mortgage Brokers around Monmouth, Illinois 61462
For those searching for a new home in Monmouth, we have compiled a list of the top mortgage brokers located in and around Monmouth, Illinois 61462 to assist you with your search.
Name
Address
Contact
Cash-N-Go
217 S Main St
Monmouth IL 61462
(309) 734-0770
Farm Credit Services
240 S Main St
Monmouth IL 61462
(309) 734-8484
secure@1stfarmcredit.com
Farm Credit Services
700 E Jackson Ave
Monmouth IL 61462
(309) 734-8484
monmouth@1stfarmcredit.com
PNC Mortgage
215 W Jefferson St
Morton IL 61462
(309) 263-1922
http://pncmortgage.com
Citizens Mortgage Services In
204 N Main St
Morton IL 61462
(309) 266-6596
Address
217 S Main St
Monmouth IL
Contact
(309) 734-0770
Address
240 S Main St
Monmouth IL
Contact
(309) 734-8484
secure@1stfarmcredit.com
Address
700 E Jackson Ave
Monmouth IL
Contact
(309) 734-8484
monmouth@1stfarmcredit.com