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Mortgage Rates

30-Year Fixed Mortgage Rates in Greater Chicago

Check out the latest 30-year fixed mortgage rates. Call us or start your pre-approval process here.

Loan ProgramRateAPRDiscount Points
30 Year Fixed2.990%3.134%0.000
30 Year Fixed2.750%2.970%0.910
30 Year Fixed2.625%2.923%1.699

Please see APR and Rate assumptions below. Mortgage rates change daily based on the market. Rates last updated: 06/24/2021 10:25 AM CST

The interest rate is the cost of borrowing the principal loan amount. The APR is the annual cost of a loan including any fees. Thus, the APR is higher than the interest rate.

Discount points are prepaid interest on a mortgage loan. The more points you pay, the lower the interest rate on the loan. Each point is equal to 1% of the loan amount, and points may be tax-deductible.

Whether or not you should pay points depends on how much money you have to put down at closing and how long you plan to stay in the house. If you’re planning to stay in the home for a while, a reduced interest rate makes sense. If you need the lowest possible closing costs, a zero-point option is best for you.

Mortgage Rate Assumptions

Rates and APR are based on a $300,000, 30-year fixed-rate purchase loan with a loan-to-value (LTV) ratio of 75% and lock term of 45 days. Based on the purchase of a single-family, detached. owner-occupied primary residence by a well-qualified buyer with a FICO score of 740 or higher. Rates can change daily and will vary on a case-by-case basis. Consult a mortgage banker for your specific scenario. APR stands for annual percentage rate and is the cost of a loan expressed as a percentage. Costs of a loan include interest rate, mortgage insurance, closing costs, loan origination fees, and other fees.

Monthly payment does not include taxes or insurance. Actual monthly payment amount will be higher. If LTV is greater than 80%, monthly mortgage insurance will be added to the monthly payment. This will increase APR. In some states and counties maximum loan limits will apply. All loans are subject to underwriter approval and not all applicants will qualify. This is not a commitment to lend.