First Time Home Buyers
Stocks Not Pushing Chicago Mortgage Rates Lower…yet
Stocks are having a great day after last week’s sell-off. The Dow is currently up about 1.5% and the NASDAQ about 2.25%. Mortgage rates are flat on the day. In today’s daily update, we mentioned that rates were at lows for the quarter and we have a loaded economic calendar this week, including the September Jobs Report. Stay tuned, rates could reverse quickly.
Current Chicago Mortgage Loan Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 0.87% | 4.892% |
| 4.875% | 0.25% | 4.964% |
| 5.000% | 0.00% | 5.051% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.500% | 1.07% | 4.656% |
| 4.625% | 0.24% | 4.712% |
| 4.750% | 0.00% | 4.768% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.40% | 4.347% |
| 4.375% | 0.00% | 4.431% |
| 4.500% | 0.00% | 4.524% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.875% | 1.07% | 4.023% |
| 4.000% | 0.70% | 4.119% |
| 4.125% | 0.37% | 4.218% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.375% | 1.39% | 3.543% |
| 3.500% | 1.08% | 3.644% |
| 3.625% | 0.77% | 3.746% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 1.28% | 5.665% |
| 4.875% | 0.74% | 5.743% |
| 5.000% | 0.00% | 5.793% |
| Assumptions | ||
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