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Mortgage Rates

Today’s Mortgage Rates in Chicago

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Today’s Mortgage Rates:

Loan ProgramRateAPR*
30-Year Fixed4.625%4.772%
15-Year Fixed4.000%4.265%
7/1 ARM4.250%4.914%
30-Year Fixed Jumbo4.250%4.283%
30-Year Fixed FHA4.500%5.327%
30-Year Fixed VA4.550%4.815%
*See below for rate and APR assumptions

As of 9:30AM CST,  mortgage bonds are up 6 basis points while stocks are slightly down.

Typically, mortgage rates will improve as mortgage bond prices go up. Expected news coming from housing data later next week may influence bond market growth.

Mortgage rates can and do change daily.  If you are considering a purchase or a refinance, you should monitor interest rates very closely as small differences in rate can add up to thousands of dollars in interest over the life of the loan.

It’s the biggest purchase of your life. Talk to an expert.

Call us at 708-531-8388 or contact us below for a quote customized to your situation.

Rate Assumptions

*Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence in Illinois; a loan-to-value ratio of 80% or less for conventional and 75% or less for jumbo loans; a minimum FICO score of 740 for conventional and jumbo, and a loan amount of $300,000 for conforming loans or $750,000 for jumbo loans, unless otherwise specified; rates are subject to change without notice; subject to underwriter approval; not all applicants will be approved; fees, charges, and restrictions may apply.