Compare Today’s Mortgage Rates in Mount Prospect, Illinois 60056
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Mount Prospect, Illinois 60056.
Our search engine thoroughly explores all home mortgage options in Mount Prospect, Illinois 60056, 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 $13,715 in lifetime cash or $38 per month in Mount Prospect and other areas of Cook county.
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Summary of Average Mortgages in Mount Prospect, Illinois 60056
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Mount Prospect, Illinois 60056
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Mount Prospect, IL 60056. 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 Mount Prospect, Illinois 60056 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Mount Prospect, 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 | 93.70% | 91.55% | 92.64% | 92.26% | 91.63% | 89.07% | 89.52% | 90.14% | 87.90% |
avg mortgage rate | 6.55% | 4.65% | 3.01% | 3.33% | 4.35% | 4.62% | 4.20% | 3.92% | 4.12% |
% 15 year fixed mortgage | 5.12% | 7.24% | 6.10% | 6.35% | 6.74% | 8.89% | 8.78% | 8.29% | 10.50% |
avg mortgage rate | 5.89% | 3.86% | 2.38% | 2.89% | 3.80% | 3.99% | 3.41% | 3.14% | 3.28% |
Avg credit score | 754.55 | 763.00 | 761.19 | 760.34 | 752.29 | 758.63 | 753.97 | 752.61 | 752.89 |
Avg LTV (loan to value) | 82.05% | 82.54% | 82.90% | 83.25% | 82.78% | 80.26% | 80.47% | 81.62% | 80.80% |
Avg DTI (debt to income) | 38.37 | 36.96 | 35.28 | 35.58 | 36.76 | 36.39 | 35.91 | 35.62 | 35.50 |
% First time homebuyer | 53.23% | 49.87% | 45.48% | 46.81% | 49.14% | 40.66% | 39.34% | 41.40% | 43.05% |
Avg mortgage insurance % | 12.61% | 12.56% | 12.60% | 12.82% | 12.80% | 10.20% | 10.10% | 11.32% | 11.13% |
Best Mortgage Brokers around Mount Prospect, Illinois 60056
For those searching for a new home in Mount Prospect, we have compiled a list of the top mortgage brokers located in and around Mount Prospect, Illinois 60056 to assist 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