Compare Today’s Mortgage Rates in Rockford, Illinois 61106
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Rockford, Illinois 61106.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $3,985 over the lifetime of your 30-year fixed loan, or a monthly savings of $11 in Rockford and other areas of Winnebago county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
Summary of Average Mortgages in Rockford, Illinois 61106
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Interactive Mortgage Rate Projections for Rockford, Illinois 61106
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rockford, IL 61106. 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 Rockford, Illinois 61106 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rockford, Illinois and around Winnebago 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 | 93.14% | 88.92% | 88.28% | 84.30% | 86.72% | 85.93% | 83.84% | 83.66% | 84.64% |
avg mortgage rate | 6.66% | 4.73% | 3.06% | 3.35% | 4.39% | 4.67% | 4.17% | 3.82% | 4.04% |
% 15 year fixed mortgage | 5.39% | 9.39% | 8.99% | 12.93% | 10.55% | 11.17% | 13.01% | 13.16% | 12.61% |
avg mortgage rate | 5.73% | 3.88% | 2.45% | 2.80% | 3.79% | 4.07% | 3.31% | 2.99% | 3.14% |
Avg credit score | 747.56 | 775.84 | 764.46 | 766.79 | 772.91 | 760.40 | 752.02 | 750.15 | 751.05 |
Avg LTV (loan to value) | 82.44% | 83.73% | 84.12% | 83.82% | 84.02% | 82.94% | 83.16% | 82.95% | 82.00% |
Avg DTI (debt to income) | 34.28 | 35.94 | 33.15 | 33.45 | 33.38 | 34.31 | 33.14 | 32.57 | 32.36 |
% First time homebuyer | 46.57% | 41.88% | 37.71% | 38.20% | 36.48% | 31.17% | 29.45% | 33.28% | 30.53% |
Avg mortgage insurance % | 13.34% | 14.11% | 13.95% | 13.93% | 14.03% | 12.93% | 11.98% | 12.69% | 11.32% |
Best Mortgage Brokers around Rockford, Illinois 61106
For those searching for a new home in Rockford, we have compiled a list of the top mortgage brokers located in and around Rockford, Illinois 61106 to assist you with your search.
1st Farm Credit Services
1925 S Meridian Rd
Rockford IL 61106
(815) 962-4770
http://www.usfarmcredit.com
Providential Bancorp
222 N Main St
Rockford IL 61106
(815) 986-1990
Springleaf Financial Services
211 Elm St
Rockford IL 61106
(815) 968-2473
https://www.springleaf.com/branches/IL/Rockford/61101/982
GSF Mortgage
3065 N Perryville Rd
Rockford IL 61106
(815) 636-8943
http://gsf-mortgage.com/
Countrywide Home Loans
2595 N Mulford Rd
Rockford IL 61106
(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