Compare Today’s Mortgage Rates in Palatine, Illinois 60067
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Palatine, Illinois 60067.
Our search engine thoroughly explores all home mortgage options in Palatine, Illinois 60067, 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 $16,385 in lifetime cash or $46 per month in Palatine and other areas of Cook county.
Summary of Average Mortgages in Palatine, Illinois 60067
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Interactive Mortgage Rate Projections for Palatine, Illinois 60067
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Palatine, IL 60067. 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 Palatine, Illinois 60067 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Palatine, 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 Palatine, Illinois 60067
For those searching for a new home in Palatine, we have compiled a list of the top mortgage brokers located in and around Palatine, Illinois 60067 to assist you with your search.
Biltmore Financial
1530 E Dundee Rd
Palatine IL 60067
(847) 934-5000
michael@biltmorefinancial.com
Ariainsure
1615 N Baldwin Rd
Palatine IL 60067
(847) 358-1800
http://www.safeco.com/
Covenant Capital Partners
800 E Northwest Hwy
Palatine IL 60067
(847) 991-7622
VMF Mortgage
1186 E Dundee Rd
Palatine IL 60067
(847) 991-1149
Service 1st Mortgage
887 E Wilmette Rd
Palatine IL 60067
(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