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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.
Loan Types |
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