Compare Today’s Mortgage Rates in Oak Forest, Illinois 60452
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Oak Forest, Illinois 60452.
Our search engine thoroughly explores all home mortgage options in Oak Forest, Illinois 60452, 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 $7,960 in lifetime cash or $22 per month in Oak Forest and other areas of Cook county.
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Summary of Average Mortgages in Oak Forest, Illinois 60452
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Oak Forest, Illinois 60452
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Oak Forest, IL 60452. 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 Oak Forest, Illinois 60452 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Oak Forest, 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 Oak Forest, Illinois 60452
For those searching for a new home in Oak Forest, we have compiled a list of the top mortgage brokers located in and around Oak Forest, Illinois 60452 to assist you with your search.
Name
Address
Contact
Academy Mortgage - Oak Forest
15000 Cicero Ave
Oak Forest IL 60452
(708) 687-5800
contact@academymortgage.com
First National Mortgage
14930 Cicero Ave
Oak Forest IL 60452
(708) 377-0305
Action Title Service
5251 147th St
Oak Forest IL 60452
(708) 687-1154
Midwest Title Loans
6154 159th St
Oak Forest IL 60452
(708) 429-7355
https://www.midwesttitleloans.net/Locations/ILLINOIS/Oak-Forest/6154-159th-St
Equity Plus Mortgage
6006 159th St
Oak Forest IL 60452
(708) 535-0820
http://www.epmloans.com
Address
15000 Cicero Ave
Oak Forest IL
Contact
(708) 687-5800
contact@academymortgage.com
Address
14930 Cicero Ave
Oak Forest IL
Contact
(708) 377-0305
Address
5251 147th St
Oak Forest IL
Contact
(708) 687-1154