Compare Canton Mortgage Rates and Save!
Illinois Mortgage Rates 07/05/2008
| Loan Type | Today | +/- | This week |
|---|---|---|---|
| 30 Yr Fixed | 6.20% |
|
-0.02 |
| 15 Yr Fixed | 5.87% |
|
-0.06 |
| 3/1 ARM | 5.56% |
|
-0.11 |
| 5/1 ARM | 5.84% |
|
-0.04 |
| 30 Yr Fixed Jumbo | 6.88% |
|
-0.01 |
Rates may contain points
Conforming
For loan amounts up to $417,000 (APR based on $400,000)
Jumbo
For loan amounts over $417,000 (APR based on $500,000)
Interest Only (Conforming)
Interest only for first few years then adjustable for remaining term on loan amounts up to $417,000 (APR based on $400,000)
Interest Only (Non-Conforming)
Interest only for first few years then adjustable for remaining term on loan amounts over $417,000 (APR based on $500,000)
VA
Loans for Veterans up to $417,000 (APR based on $200,000)
FHA
Loan limits vary by state (APR based on $150,000)
Reduced Documentation Loans
Often used for self employed or others in lieu of tax returns and other income documentation. (APR based on $200,000)
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