Compare Today’s Refinance Rates for Chicago, Illinois 60697
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Chicago, Illinois 60697.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,665 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Chicago and other areas of Cook county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Chicago, Illinois 60697
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Interactive Refinance Rate Projections for Chicago, Illinois 60697
Pureloan has developed an interactive chart to monitor the five largest local lenders in Chicago, IL 60697, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Chicago, Illinois 60697 from 2024 - 2016
The following historical data provides insights into refinancing trends in Chicago, Illinois and the surrounding Cook county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 67.80% | 47.57% | 52.85% | 53.92% | 60.81% | 57.32% | 51.67% | 56.95% | 55.38% |
avg refi rate | 6.39% | 3.50% | 2.96% | 3.26% | 4.11% | 4.50% | 4.06% | 3.84% | 4.04% |
% 15 year fixed refinance | 20.34% | 36.49% | 30.40% | 29.04% | 24.87% | 31.45% | 36.24% | 30.21% | 31.03% |
avg refi rate | 5.62% | 2.67% | 2.42% | 2.77% | 3.56% | 3.83% | 3.25% | 3.09% | 3.25% |
Avg credit score | 749.39 | 756.47 | 766.07 | 769.86 | 760.35 | 753.65 | 757.72 | 762.30 | 761.35 |
Avg LTV (loan to value) | 60.42% | 63.24% | 66.82% | 68.79% | 71.17% | 68.06% | 69.36% | 69.49% | 69.88% |
Avg DTI (debt to income) | 36.63 | 34.29 | 32.36 | 31.70 | 34.13 | 35.05 | 34.12 | 32.90 | 33.11 |
Avg refinance insurance % | 1.73% | 1.20% | 2.31% | 3.01% | 4.54% | 3.01% | 3.51% | 3.24% | 3.85% |
Best Refinance Brokers around Chicago, Illinois 60697
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Chicago, Illinois 60697, we have compiled a list of top refinance brokers to assist you in the process.
Karen Wisler
Loan Consultant
100 W Randolph St
Chicago, IL 60697
(888) 473-4858
karen@smartmtgs.net
Jerry Weller
Loan Consultant
100 W Randolph St
Chicago, IL 60697
(888) 473-4858
jerry@smartmtgs.net
Rosa Terrazas
Processor
100 W Randolph St
Chicago, IL 60697
(888) 473-4858
rosa@smartmtgs.net
Eduardo Prats
Loan Consultant - Habla Espa ol
100 W Randolph St
Chicago, IL 60697
(888) 473-4858
eduardo@smartmtgs.net
Alex Prats
Loan Consultant - Habla Espa ol
100 W Randolph St
Chicago, IL 60697
(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