Compare Today’s Mortgage Rates for Oak Park, Illinois

Pureloan searches mortgage lenders and major banks in Oak Park, Illinois 60301 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $14,030 or $39 / month is expected in Oak Park and other areas of Cook county.

Pureloan’s search engine explores all home mortgage options in Oak Park, Illinois 60301, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Oak Park, Illinois 60301

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Oak Park, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Oak Park, IL 60301, 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.

Local Mortgage Rates for Oak Park, IL

Historical Mortgage Rates for Oak Park, Illinois 60301 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Oak Park, 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 Oak Park, Illinois 60301

If you’re looking to buy a new home in Oak Park, we have compiled a list of the leading mortgage brokers around Oak Park, Illinois 60301 to help you with your search.

Name
Address
Contact

First National Mortgage Sources

6918 Roosevelt Rd

Oak Park IL 60301

(708) 358-1580

Magee Mortgage Associates

421 Harrison St

Oak Park IL 60301

(708) 358-1414

http://www.mageemortgage.com

Gtc Financial Services

817 S Scoville Ave

Oak Park IL 60301

(708) 386-4400

gtcfin@ameritech.net

Inventive Mortgage Corporation

507 S Oak Park Ave

Oak Park IL 60301

(708) 386-9500

Mortgage Consulting Group

137 N Oak Park Ave

Oak Park IL 60301

(708) 205-7899

Address

6918 Roosevelt Rd

Oak Park IL

Contact

(708) 358-1580

Address

421 Harrison St

Oak Park IL

Contact

(708) 358-1414

http://www.mageemortgage.com

Address

817 S Scoville Ave

Oak Park IL

Contact

(708) 386-4400

gtcfin@ameritech.net

News on Mortgages and Reverse Mortgages for Oak Park, Illinois 60301