Compare Today’s Mortgage Rates in Rochester, Illinois 62563
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Rochester, Illinois 62563.
Our search engine thoroughly explores all home mortgage options in Rochester, Illinois 62563, 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 $8,356 in lifetime cash or $23 per month in Rochester and other areas of Sangamon county.
Summary of Average Mortgages in Rochester, Illinois 62563
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Interactive Mortgage Rate Projections for Rochester, Illinois 62563
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rochester, IL 62563. 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 Rochester, Illinois 62563 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rochester, Illinois and around Sangamon 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 | 90.30% | 87.91% | 82.42% | 82.72% | 84.19% | 85.23% | 77.92% | 86.59% | |
avg mortgage rate | 4.16% | 3.89% | 4.07% | 4.47% | 4.00% | 3.93% | 4.76% | 5.03% | |
% 15 year fixed mortgage | 8.44% | 9.85% | 11.62% | 13.60% | 13.03% | 11.38% | 16.40% | 10.11% | |
avg mortgage rate | 3.31% | 3.16% | 3.23% | 3.51% | 3.25% | 3.30% | 3.87% | 4.38% | |
Avg credit score | 793.88 | 754.84 | 757.27 | 758.67 | 759.34 | 762.31 | 764.96 | 761.58 | |
Avg LTV (loan to value) | 82.79% | 83.99% | 83.72% | 83.15% | 81.73% | 79.26% | 77.87% | 77.04% | |
Avg DTI (debt to income) | 34.39 | 32.60 | 32.38 | 32.26 | 31.62 | 30.78 | 32.29 | 31.71 | |
% First time homebuyer | 16.88% | 25.52% | 29.83% | 27.57% | 29.49% | 28.00% | 27.76% | 36.26% | |
Avg mortgage insurance % | 13.27% | 13.90% | 14.35% | 11.63% | 11.57% | 9.20% | 6.08% | 5.09% |
Best Mortgage Brokers around Rochester, Illinois 62563
For those searching for a new home in Rochester, we have compiled a list of the top mortgage brokers located in and around Rochester, Illinois 62563 to assist you with your search.
Wells Fargo Home Mortgage
207 S Walnut St
Rochester IL 62563
(217) 498-2043
http://www.wellsfargo.com/mortgage/
Acorn Service Group
207 S Walnut St
Rochester IL 62563
(217) 498-8600
pettyjohn@noclosingcosts.com
Tower Loans
119 W Main Cross St
Taylorville IL 62563
(217) 824-3505
towerloan@live.com
Farm Credit Service
1155 E 1500 North Rd
Taylorville IL 62563
(217) 824-3369
ask@farmcredit.com
Heights Finance Corporation
500 N Webster St
Taylorville IL 62563
(217) 287-7900
http://www.heightsfinance.com
Address
207 S Walnut St
Rochester IL
Contact
(217) 498-2043
http://www.wellsfargo.com/mortgage/
Address
207 S Walnut St
Rochester IL
Contact
(217) 498-8600
pettyjohn@noclosingcosts.com
Address
119 W Main Cross St
Taylorville IL
Contact
(217) 824-3505
towerloan@live.com