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Illinois Mortgage Rates 11/22/2009

Loan Type Today +/-
30 yr fixed 4.94
15 yr fixed 4.63
5/1 ARM 3.81

Rates may contain points

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Mortgage Rates Stories

Mortgage Rates Tumble Below Pre-Meltdown Levels

In the wake of the Fannie Mae takeover, mortgage interest rates declined, and the overall cost of taking out a home loan or doing a mortgage ...»

Low Mortgage Rates may not Last Long

Mortgage rates have hit a 50-year low, but many economists warn that low interest rate loans may not be here for long. With the Federal Reserve ...»

All Fall Down: What if Fed Rates go to Zero?

If the Federal Reserve keeps cutting rates until they hit zero, it might stimulate the economy by boosting the housing market. On the other hand, ...»

Fed Rate Cuts: How Low can they Go?

Usually, a Fed funds rate cut of even a quarter percentage point is extreme. But within the past few weeks, the Fed has slashed rates by half a ...»