First Time Home Buyers
Chicago Mortgage Rates – September 8, 2009
Rates have slipped from their best levels of last week, but open today better than last week Monday. Current rates:
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.875% | 0.91% | 5.015% |
| 5.000% | 0.53% | 5.108% |
| 5.125% | 0.00% | 5.186% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 0.65% | 4.866% |
| 4.875% | 0.15% | 4.949% |
| 5.000% | 0.00% | 5.037% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 1.12% | 4.400% |
| 4.375% | 0.48% | 4.473% |
| 4.500% | 0.12% | 4.569% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 4.000% | 1.42% | 4.171% |
| 4.125% | 1.13% | 4.274% |
| 4.250% | 0.71% | 4.366% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.625% | 1.16% | 3.770% |
| 3.750% | 0.33% | 3.830% |
| 3.875% | 0.00% | 3.924% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.750% | 2.02% | 5.719% |
| 4.875% | 1.46% | 5.796% |
| 5.000% | 0.54% | 5.840% |
| Assumptions | ||
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