Compare Today’s Mortgage Rates for Palatine, Illinois

Pureloan searches mortgage lenders and major banks in Palatine, Illinois 60094 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 $11,779 or $33 / month is expected in Palatine and other areas of Cook county.

Pureloan’s search engine explores all home mortgage options in Palatine, Illinois 60094, 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 Palatine, Illinois 60094

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Palatine, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Palatine, IL 60094, 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 Palatine, IL

Historical Mortgage Rates for Palatine, Illinois 60094 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Palatine, 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 Palatine, Illinois 60094

If you’re looking to buy a new home in Palatine, we have compiled a list of the leading mortgage brokers around Palatine, Illinois 60094 to help you with your search.

Name
Address
Contact

Biltmore Financial

1530 E Dundee Rd

Palatine IL 60094

(847) 934-5000

michael@biltmorefinancial.com

Ariainsure

1615 N Baldwin Rd

Palatine IL 60094

(847) 358-1800

http://www.safeco.com/

Covenant Capital Partners

800 E Northwest Hwy

Palatine IL 60094

(847) 991-7622

VMF Mortgage

1186 E Dundee Rd

Palatine IL 60094

(847) 991-1149

Service 1st Mortgage

887 E Wilmette Rd

Palatine IL 60094

(847) 202-9255

http://servicefirstmtg.com

Address

1530 E Dundee Rd

Palatine IL

Contact

(847) 934-5000

michael@biltmorefinancial.com

Address

1615 N Baldwin Rd

Palatine IL

Contact

(847) 358-1800

http://www.safeco.com/

Address

800 E Northwest Hwy

Palatine IL

Contact

(847) 991-7622

News on Mortgages and Reverse Mortgages for Palatine, Illinois 60094