Compare Today’s Mortgage Rates in Salem, Illinois 62881
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Salem, Illinois 62881.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Salem, Illinois 62881. For a 30-year fixed loan, our calculations show that you can expect to save up to $4,520 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Salem and other areas of Marion county.
Summary of Average Mortgages in Salem, Illinois 62881
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Interactive Mortgage Rate Projections for Salem, Illinois 62881
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, IL 62881. 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 Salem, Illinois 62881 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Illinois and around Marion 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 Salem, Illinois 62881
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Illinois 62881 to assist you with your search.
Personal Finance
1325 W Whittaker St
Salem IL 62881
(618) 548-5095
pfcinfo@pfcloan.com
State Finance
222 W Main St
Salem IL 62881
(618) 548-8999
gregarchibald@aol.com
Cash Store
103 Baldridge Rd
Salem IL 62881
(618) 548-6200
http://www.cashstore.com
World Finance
704 E Walnut St
Carbondale IL 62881
(618) 529-1436
OneMain Financial
1000 N Carbon St
Marion IL 62881
(618) 997-5457
http://branches.onemainfinancial.com/il/marion/1000-n--carbon-street.html
Address
1325 W Whittaker St
Salem IL
Contact
(618) 548-5095
pfcinfo@pfcloan.com
Address
222 W Main St
Salem IL
Contact
(618) 548-8999
gregarchibald@aol.com
Address
103 Baldridge Rd
Salem IL
Contact
(618) 548-6200
http://www.cashstore.com