Illinois Mortgage Rates

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Home » Mortgage Rates By State » Mortgages Rates in Illinois

Illinois Mortgage Rates

Mortgage Rates

The Lowest Mortgage Rate: 30 Year-5.76%, 15 Year-5.37%

Illinois Mortgage Rates as of 08/27/08

PRODUCT	RATE		CHANGE
30 Year Fixed	5.97%		-0.01%
15 Year Fixed	5.56%		-0.01%
30 Year Fixed Jumbo	6.53%		0.00%
15 Year Fixed Jumbo	6.16%		-0.02%
5 Year Balloon	6.49%		0.00%
7 Year Balloon	6.86%		0.00%
1/1 ARM	5.98%		0.00%
3/1 ARM	5.29%		-0.09%
5/1 ARM	5.56%		-0.05%
1/1 Jumbo ARM	6.35%		0.00%
3/1 Jumbo ARM	5.87%		-0.02%
5/1 Jumbo ARM	6.05%		0.01%
FHA 30 Year Fixed	5.78%		-0.02%
FHA 1 Yr ARM	5.49%		-0.02%
VA 30 Year Fixed	5.79%		-0.04%



Before applying for mortgage loans or mortgage refinance, you should always remember that Illinois state mortgage rates fluctuate on a daily basis. Therefore it is important to revisit this site often to obtain the latest mortgage rates for Illinois state before applying for a new mortgage or refinancing your current mortgage. Above you will find today's mortgage rates for the most popular mortgage products available in Illinois state. These rates are based on Illinois state mortgage companies poll for their mortgage products offers and are updated daily. These mortgage rates, as well as the list of Illinois mortgage companies with their current mortgage offerings, should give you a good starting point for your research.

Mortgage industry news

Credit card debt paid more quickly Austin American-Statesman - The credit card industry has a problem: Although Americans are deeper in debt than ever, they are paying off bigger portions of their monthly credit card bills. For card is (full story)	Inflation makes ARMs a bad deal Belleville News-Democrat - With interest rates rising, fewer people are applying for new mortgages -- just as you'd expect. But here's a worrisome surprise: More of the applicants are seeking adjustab (full story)
MARKET ROUNDUP Centre Daily - NEW YORK -- Wall Street struggled to the finish Friday, closing out the week barely changed after a steep dip in monthly job growth left investors confused about the economy's health. T (full story)	Study: Minorities likely to pay high mortgage rates San Jose Mercury News - CHARLOTTE, N.C. - Black and Hispanic home buyers are more likely to pay high mortgage rates than white borrowers with similar credit ratings and income levels, an advocacy grou (full story)

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8/27/2008 10:44 PM