Compare Today’s Mortgage Rates for Rockford, Illinois

Pureloan searches mortgage lenders and major banks in Rockford, Illinois 61126 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 $3,612 or $10 / month is expected in Rockford and other areas of Winnebago county.

Pureloan’s search engine explores all home mortgage options in Rockford, Illinois 61126, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

No suitable program is found

Summary of Average Mortgage Terms in Rockford, Illinois 61126

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Rockford, IL 61126, 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.

Historical Mortgage Rates for Rockford, Illinois 61126 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Rockford, Illinois and around Winnebago 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 85.56% 81.61% 82.82% 85.11% 82.94% 86.92% 86.18% 83.03%
avg mortgage rate 4.96% 4.68% 3.86% 3.97% 4.39% 4.07% 3.84% 4.11%
% 15 year fixed mortgage 11.81% 15.81% 14.63% 12.56% 14.37% 11.01% 11.60% 14.36%
avg mortgage rate 4.37% 3.89% 3.08% 3.10% 3.41% 3.16% 3.01% 3.20%
Avg credit score 760.45 758.55 758.54 756.99 755.11 751.65 750.63 756.66
Avg LTV (loan to value) 77.20% 77.11% 80.43% 81.27% 81.10% 82.11% 82.58% 82.46%
Avg DTI (debt to income) 32.56 33.13 31.53 32.95 33.14 33.28 32.75 33.14
% First time homebuyer 34.51% 28.23% 35.03% 36.88% 31.87% 36.38% 38.00% 34.99%
Avg mortgage insurance % 5.01% 5.22% 8.92% 10.54% 9.70% 11.47% 12.23% 11.93%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Rockford, Illinois 61126

If you’re looking to buy a new home in Rockford, we have compiled a list of the leading mortgage brokers around Rockford, Illinois 61126 to help you with your search.

Name
Address
Contact

1st Farm Credit Services

1925 S Meridian Rd

Rockford IL 61126

(815) 962-4770

http://www.usfarmcredit.com

Providential Bancorp

222 N Main St

Rockford IL 61126

(815) 986-1990

Springleaf Financial Services

211 Elm St

Rockford IL 61126

(815) 968-2473

https://www.springleaf.com/branches/IL/Rockford/61101/982

GSF Mortgage

3065 N Perryville Rd

Rockford IL 61126

(815) 636-8943

http://gsf-mortgage.com/

Countrywide Home Loans

2595 N Mulford Rd

Rockford IL 61126

(815) 636-3540

Address

1925 S Meridian Rd

Rockford IL

Contact

(815) 962-4770

http://www.usfarmcredit.com

Address

222 N Main St

Rockford IL

Contact

(815) 986-1990

Address

211 Elm St

Rockford IL

Contact

(815) 968-2473

https://www.springleaf.com/branches/IL/Rockford/61101/982

News on Mortgages and Reverse Mortgages for Rockford, Illinois 61126