Prospective homeowners in Illinois are in good company. The Prairie State has roughly 5.4 million housing units and a homeownership rate of 66.2%, according to the U.S. Census Bureau’s 2017 American Community Survey.
The median housing value for Illinois is $195,300, compared with a $217,600 national median value. Depending on where you live, though, you may have higher or lower expectations.
What Are the Mortgage Rates in Illinois ?
The average interest rate for a 30-year fixed-rate conforming mortgage in Illinois is 3.47%.
Home interest rates range from 2.75% to 5.13% in Illinois.
What Are Today’s Mortgage Rates?
Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
This Week’s Rate
Last Week’s Rate
|30-Year Fixed Rate||3.58%||3.55%|
|15-Year Fixed Rate||2.89%||2.94%|
|30-Year Fixed Jumbo Rate||3.73%||3.67%|
|5/1 ARM Rate||3.31%||3.31%|
|5/1 ARM Jumbo Rate||3.06%||3.06%|
Rates as of May 25, 2020