Illinois Mortgage Rates

 

Adventure is always around the corner in the state of Illinois. And living in here can be a part of the adventure itself.

The Prairie State promises outdoor adventure, breathtaking views, good food and it’s home to one of the largest cities in the United States by population: Chicago.

Buying a home in Illinois

A median home in the state’s capital, Springfield, is valued more or less around $110,000. Statewide, the median home prices in listings can be more or less around $170,000.

The real estate market in a big city like Chicago is very competitive. Opportunities flourish in this city and it’s not a surprise that many would want to settle there.

But if you’re also thinking about living in The Windy City, the median home price is more or less $200,000.

Got questions? We have answers.

What about mortgage rates?

Keep in mind that the rates constantly change. It’s best to keep track of the average rates to keep yourself in the loop in what to expect as you go along with your mortgage application.

But to give borrowers an idea, the current 30-year fixed-rate mortgage average runs around 3.8 percent as of October 11, 2017, while the average rate of a 15-year fixed-rate mortgage is more or less around 3.1 percent.

We can help

Try to get the best deals by getting in touch with trusted lenders in the market in order to get affordable mortgages. Shop around and compare rates and go for the one that works for you.

Mortgagesum.com is also one of the many online sources that can help you through mortgage tools, mortgage rates forecast, and mortgage news and insights.

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