Compare Today’s Mortgage Rates for Mount Prospect, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Mount Prospect, Illinois 60056. 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 $10,962 or $30 / month in Mount Prospect and surrounding areas of Cook 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 Mount Prospect, Illinois 60056.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Mount Prospect, Illinois 60056

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 Mount Prospect, IL 60056, 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 Mount Prospect, Illinois 60056 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Mount Prospect, 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 91.78% 87.76% 89.69% 88.49% 88.96% 88.02% 90.34% 88.63%
avg mortgage rate 4.97% 4.70% 3.90% 4.00% 4.46% 4.13% 3.90% 4.14%
% 15 year fixed mortgage 6.74% 9.79% 8.06% 10.15% 9.61% 10.23% 8.17% 9.96%
avg mortgage rate 4.38% 3.94% 3.19% 3.18% 3.51% 3.28% 3.12% 3.34%
Avg credit score 759.59 761.46 762.23 758.20 754.09 752.53 752.41 752.56
Avg LTV (loan to value) 73.99% 75.67% 78.13% 79.09% 80.50% 81.09% 81.75% 81.14%
Avg DTI (debt to income) 34.68 34.66 34.09 34.60 34.69 35.25 35.30 36.08
% First time homebuyer 38.63% 33.40% 35.61% 39.08% 40.73% 40.93% 40.51% 38.52%
Avg mortgage insurance % 3.55% 4.82% 7.39% 8.39% 10.23% 11.50% 11.59% 10.51%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Mount Prospect, Illinois 60056

If you’re looking to buy a new home in Mount Prospect, we have compiled a list of the leading mortgage brokers around Mount Prospect, Illinois 60056 to help you with your search.

Name
Address
Contact

Intermed Financial

401 E Prospect Ave

Mount Prospect IL 60056

(847) 394-8600

Hospitality Installations

1749 W Golf Rd

Mount Prospect IL 60056

(847) 640-8738

Argo Federal Savings

1799 S Busse Rd

Mount Prospect IL 60056

(847) 758-9576

Short Term Loans

1698 S Elmhurst Rd

Mount Prospect IL 60056

(847) 357-1076

The Mortgage Marketplace

510 W Northwest Hwy

Mount Prospect IL 60056

(224) 347-2635

Address

401 E Prospect Ave

Mount Prospect IL

Contact

(847) 394-8600

Address

1749 W Golf Rd

Mount Prospect IL

Contact

(847) 640-8738

Address

1799 S Busse Rd

Mount Prospect IL

Contact

(847) 758-9576

News on Mortgages and Reverse Mortgages for Mount Prospect, Illinois 60056