Compare Today’s Refinance Rates for Des Plaines, Illinois 60017
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Des Plaines, Illinois 60017.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $14,420 over the lifetime of your mortgage, which translates to a monthly savings of $40 in Des Plaines 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 Des Plaines, Illinois 60017
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Interactive Refinance Rate Projections for Des Plaines, Illinois 60017
Pureloan has developed an interactive chart to monitor the five largest local lenders in Des Plaines, IL 60017, 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 Des Plaines, Illinois 60017 from 2024 - 2016
The following historical data provides insights into refinancing trends in Des Plaines, 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 Des Plaines, Illinois 60017
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Des Plaines, Illinois 60017, we have compiled a list of top refinance brokers to assist you in the process.
Shelly Straim
Mortgage Consultant
2720 S River Rd
Des Plaines, IL 60017
(847) 297-0737
sstraim@oneononefunding.com
Greg Schneider
Mortgage Loan Originator
1420 Waukegan Rd
Glenview, IL 60017
(847) 686-0158
greg.schneider@phhonline.com
Linda Frantz
Mortgage Loan Originator
1420 Waukegan Rd
Glenview, IL 60017
(847) 686-0158
linda.frantz@phhonline.com
Kevin Duffy
Loan Officer
2801 Pfingsten Rd
Glenview, IL 60017
(847) 562-8656
Kevin.Duffy@chase.com
Rozina Mevawalla
Loan Officer
2801 Pfingsten Rd
Glenview, IL 60017
(847) 562-9117
Rozina.I.Mevawalla@chase.com
Address
2720 S River Rd
Des Plaines, IL
Contact
(847) 297-0737
Fax (301) 639-0804
sstraim@oneononefunding.com
Address
1420 Waukegan Rd
Glenview, IL
Contact
(847) 686-0158
Fax (301) 639-0804
greg.schneider@phhonline.com
Address
1420 Waukegan Rd
Glenview, IL
Contact
(847) 686-0158
Fax (301) 639-0804
linda.frantz@phhonline.com