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Current Mortgage Rates in Illinois

Time Range: 6m 1y 2y 5y More mortgage rates?

30-Year Fixed
15-Year Fixed
5/1 ARM

Data for 15 Year Fixed Rate Mortgage available from 1986-2014.

Data for 30 Year Fixed Rate Mortgage available from 1986-2014.

Data for 30 Year 5/1 ARM available from 1990-2014.

Mortgage Rates for Oct. 24 - 31 , 2014*

Product Interest Rate Points National Average
30 Year Fixed Rate Mortgage 4.10% 0.15 4.07%
15 Year Fixed Rate Mortgage 3.30% 0.09 3.34%
30 Year 5/1 ARM 3.07% 0.07 3.06%
*weekly rolling averages

4/14 5/14 6/14 7/14 8/14 9/14 10/14
30-Year Fixed 4.49 4.34 4.22 4.18 4.19 4.18 4.18
15-Year Fixed 3.72 3.56 3.45 3.41 3.44 3.46 3.46
5/1 ARM 3.10 3.07 3.07 3.03 3.05 3.10 3.09

Current Mortgage Rates in Illinois

 

Displaying results for IL

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Mortgage Trends in Illinois

Popular Property Types
 

Single-Family Homes

79%
*Single-Family Homes make up 79% of purchased or refinanced homes
 

Condominiums

17.4%
*Condominiums make up 17.4% of purchased or refinanced homes
 

PUD Homes

1.9%
*PUD or Planned Unit Development homes make up 1.9% of purchased or refinanced homes
 

Townhomes

1.7%
*Townhomes make up 1.7% of purchased or refinanced homes

Average Property Value

Average Annual Property Taxes

Average Mortgage Balance

Data source: CoreLogic

Popular Mortgage and Refinance Types

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Type of Loan
Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan
Property Type:
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Credit rating: (Estimates okay)