Compare Today’s Refinance Rates for Chicago, Illinois

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Chicago, Illinois 60290. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $10,795 or $30 / month in Chicago and other areas of Cook county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Chicago, Illinois 60290.

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Summary of Average Refinance Terms in Chicago, Illinois 60290

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Chicago, IL 60290, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Refinance Rates for Chicago, Illinois 60290 from 2012 - 2019

Below are historical data on refinancing in Chicago, Illinois and around Cook county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 52.73% 43.03% 48.32% 48.09% 51.61% 52.95% 55.96% 48.73%
avg refi rate 4.78% 4.43% 3.87% 3.67% 4.46% 4.05% 3.84% 3.93%
% 15 year fixed refinance 33.52% 39.30% 35.64% 38.76% 35.06% 32.76% 31.09% 37.47%
avg refi rate 4.21% 3.76% 3.22% 2.96% 3.52% 3.25% 3.08% 3.11%
Avg credit score 770.82 771.52 773.60 769.69 758.18 760.50 761.54 759.40
Avg LTV (loan to value) 60.09% 60.90% 62.86% 64.93% 69.36% 70.65% 69.95% 69.84%
Avg DTI (debt to income) 31.14 30.73 30.34 30.71 33.36 32.97 32.82 34.01
Avg refinance insurance % 0.67% 0.92% 1.25% 2.18% 3.49% 4.22% 3.56% 3.78%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Chicago, Illinois 60290

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Chicago, Illinois 60290, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Karen Wisler

Loan Consultant

100 W Randolph St

Chicago, IL 60290

(888) 473-4858

karen@smartmtgs.net

Jerry Weller

Loan Consultant

100 W Randolph St

Chicago, IL 60290

(888) 473-4858

jerry@smartmtgs.net

Rosa Terrazas

Processor

100 W Randolph St

Chicago, IL 60290

(888) 473-4858

rosa@smartmtgs.net

Eduardo Prats

Loan Consultant - Habla Espa ol

100 W Randolph St

Chicago, IL 60290

(888) 473-4858

eduardo@smartmtgs.net

Alex Prats

Loan Consultant - Habla Espa ol

100 W Randolph St

Chicago, IL 60290

(888) 473-4858

alex@smartmtgs.net

Address

100 W Randolph St

Chicago, IL

Contact

(888) 473-4858

Fax (301) 639-0804

karen@smartmtgs.net

Address

100 W Randolph St

Chicago, IL

Contact

(888) 473-4858

Fax (301) 639-0804

jerry@smartmtgs.net

Address

100 W Randolph St

Chicago, IL

Contact

(888) 473-4858

Fax (301) 639-0804

rosa@smartmtgs.net

Refinancing News for Chicago, Illinois 60290