Illinois Mortgage and Refinance Rates

Written by Refi.com Team

Updated November 28, 2023

chicago skyline from the park
Read Time: 0 minutes

Table of Contents

» MORE: Compare top mortgage refinancing lenders

Current Illinois Mortgage Rates

Average market rates for 11-29-2023 in Illinois are 7.25% for 30 Year Fixed Purchase and 7.342% for 30 Year Fixed Refinance

DateProductRate
11-29-202330 Year Fixed Purchase7.25%
11-29-202330 Year Fixed Refinance7.342%

Illinois Purchase Rates

DateProductRate
11-29-202315 Year Fixed Purchase6.472%
11-29-202315 Year fixed Jumbo Purchase7.174%
11-29-202330 Year Fixed Purchase7.25%
11-29-202330 Year Fixed Jumbo Purchase7.664%

Illinois Refinance Rates

DateProductRate
11-29-202315 Year Fixed Refinance6.464%
11-29-202315 Year fixed Jumbo Refinance7.177%
11-29-202330 Year Fixed Refinance7.342%
11-29-202330 Year Fixed Jumbo Refinance7.71%

Illinois ARM Rates

DateProductRate
11-29-20235/6 ARM SOFR Purchase7.259%
11-29-20235/6 ARM SOFR Refinance7.309%
11-29-20235/6 ARM Jumbo SOFR Purchase6.8%
11-29-20235/6 ARM Jumbo SOFR Refinance6.825%

How we source rates and rate trends

» MORE: Check your 2023 home refinance eligibility

Most Common Mortgage Types in Illinois

  • Conventional: 109,464 loans
  • USDA: 1,505 loans
  • FHA: 24,998 loans
  • VA: 7,741 loans

» MORE: See today’s refinance rates

Top Purchase Lenders in Illinois by Volume

  • Guaranteed Rate, Inc.: 11,822 loans
  • JPMorgan Chase Bank: 5,277 loans
  • Crosscountry Mortgage, LLC: 4,340 loans
  • Rocket Mortgage, LLC: 4,272 loans
  • Fairway Independent Mortgage Corporation: 3,964 loans
  • Loandepot.com, LLC: 3,847 loans
  • Caliber Home Loans, Inc.: 3,039 loans
  • Neighborhood Loans, Inc.: 2,643 loans
  • The Huntington National Bank: 2,606 loans
  • Mortgage Research Center, LLC: 2,464 loans

» MORE: Find competitive mortgage rates near you

Top Refinance Lenders in Illinois by Volume

  • JPMorgan Chase Bank: 2,035 loans
  • Fifth Third Bank: 1,479 loans
  • U.S. Bank: 1,473 loans
  • PNC Bank: 1,456 loans
  • Rocket Mortgage, LLC: 1,418 loans
  • Nationstar Mortgage LLC: 888 loans
  • Guaranteed Rate, Inc.: 871 loans
  • Wells Fargo Bank: 818 loans
  • The Huntington National Bank: 635 loans
  • Bank Of America: 586 loans

Top Cash-Out Refinance Lenders in Illinois by Volume

  • Rocket Mortgage, LLC: 4,660 loans
  • JPMorgan Chase Bank: 1,611 loans
  • Nationstar Mortgage LLC: 1,429 loans
  • Loandepot.com, LLC: 1,203 loans
  • Bmo Harris Bank: 1,011 loans
  • Wells Fargo Bank: 978 loans
  • Guaranteed Rate, Inc.: 935 loans
  • The Huntington National Bank: 777 loans
  • Freedom Mortgage Corporation: 630 loans
  • Amerisave Mortgage Corporation: 489 loans

How we source lender data

Refi.com Team

Current Mortgage Rates

Current Home Equity Rates

Current Auto Rates

Compare Rates and Save on Your Mortgage Loan

See Today's Rates

Refi.com is a property of Three Creeks Media. Neither Refi.com nor Three Creeks Media are associated with or endorsed by the U.S. Departments of Defense or Veterans Affairs. The content on Refi.com is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on Refi.com should not be attributed to the Dept. of Veterans Affairs , the Dept. of Defense or any governmental entity. If you have questions about Veteran programs offered through or by the Dept. of Veterans Affairs, please visit their website at va.gov. The content offered on Refi.com is for general informational purposes only and may not be relevant to any consumer’s specific situation, this content should not be construed as legal or financial advice. If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. References to third-party products, rates and offers may change without notice.

Advertising Notice: Refi.com and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on Refi.com; For any rankings or lists on this site, Refi.com may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists. If a ranking or list has a company noted to be a “partner” the indicated company is a corporate affiliate of Refi.com. No tables, rankings or lists are fully comprehensive and do not include all companies or available products.

Editorial Disclosure: Editorial content on Refi.com may include opinions. Any opinions are those of the author alone, and not those of an advertiser to the site nor of Refi.com.

Information from your device can be used to personalize your ad experience.