First Time Home Buyers
Last week was messy and saw rates jump anywhere from .25-.50%. Economic data is light until Friday’s Retail Sales report. Rates may move up or down this week, but the odds favor at least being prepared to lock. Rates could possibly gain back .25%, but could lose .50% again this week if Retail Sales comes in better than expected.
Current Chicago Mortgage Rates
| No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. | ||
| 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.625% | 1.17% | 4.791% |
| 4.750% | 0.60% | 4.869% |
| 4.875% | 0.00% | 4.931% |
| 20 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.375% | 1.36% | 4.554% |
| 4.500% | 0.93% | 4.644% |
| 4.625% | 0.47% | 4.732% |
| 15 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.250% | 0.33% | 4.341% |
| 4.375% | 0.00% | 4.403% |
| 4.500% | 0.00% | 4.488% |
| 7/1 ARM | ||
| Rate | Discount Points | APR |
| 3.750% | 1.15% | 3.903% |
| 3.875% | 0.71% | 3.994% |
| 4.000% | 0.34% | 4.089% |
| 5/1 ARM | ||
| Rate | Discount Points | APR |
| 3.375% | 1.12% | 3.521% |
| 3.500% | 0.76% | 3.619% |
| 3.625% | 0.46% | 3.722% |
| FHA 30 Year Fixed | ||
| Rate | Discount Points | APR |
| 4.500% | 1.94% | 5.475% |
| 4.625% | 1.89% | 5.594% |
| 4.750% | 0.68% | 5.616% |
| Assumptions | ||
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