Compare Today’s Mortgage Rates for Rochester, Illinois

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Rochester, Illinois 62563. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $8,111 or $23 / month in Rochester and surrounding areas of Sangamon county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Rochester, Illinois 62563.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Rochester, Illinois 62563

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Rochester, IL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Rochester, IL 62563, 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 Rochester, IL

Historical Mortgage Rates for Rochester, Illinois 62563 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Rochester, Illinois and around Sangamon 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 86.59% 77.92% 85.23% 84.19% 82.72% 82.42% 87.91% 90.30%
avg mortgage rate 5.03% 4.76% 3.93% 4.00% 4.47% 4.07% 3.89% 4.16%
% 15 year fixed mortgage 10.11% 16.40% 11.38% 13.03% 13.60% 11.62% 9.85% 8.44%
avg mortgage rate 4.38% 3.87% 3.30% 3.25% 3.51% 3.23% 3.16% 3.31%
Avg credit score 761.58 764.96 762.31 759.34 758.67 757.27 754.84 793.88
Avg LTV (loan to value) 77.04% 77.87% 79.26% 81.73% 83.15% 83.72% 83.99% 82.79%
Avg DTI (debt to income) 31.71 32.29 30.78 31.62 32.26 32.38 32.60 34.39
% First time homebuyer 36.26% 27.76% 28.00% 29.49% 27.57% 29.83% 25.52% 16.88%
Avg mortgage insurance % 5.09% 6.08% 9.20% 11.57% 11.63% 14.35% 13.90% 13.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Rochester, Illinois 62563

If you’re looking to buy a new home in Rochester, we have compiled a list of the leading mortgage brokers around Rochester, Illinois 62563 to help you with your search.

Name
Address
Contact

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

News on Mortgages and Reverse Mortgages for Rochester, Illinois 62563