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  1. 2 days ago · Current mortgage rates in Illinois. As of Saturday, May 25, 2024, current interest rates in Illinois are 7.07% for a 30-year fixed mortgage and 6.62% for a 15-year fixed mortgage.

  2. Jan 24, 2024 · The rate on a 30-year fixed refinance jumped today. Refinancing rates for 30-year, fixed-mortgage is averaging 7.33%, according to Curinos. For 15-year fixed mortgages, the average refinance rate ...

  3. 3 days ago · According to the Federal Reserve, refinance closing costs are usually 3% to 6% of your remaining mortgage principal. This comes to $3,000 to $6,000 for every $100,000 you borrow. When you consider ...

  4. May 2, 2022 · As with any mortgage refinance, you’ll pay closing costs for a cash-out refinance. Closing costs typically range from 2% to 5% of the total mortgage amount — that’s $7,000 to $17,500 on a ...

  5. To illustrate, let's look at a $250,000 mortgage with a 30-year term, and the differences in payment between an interest rate of 4% and a rate of 4.25%. At 4%, the monthly principal and interest ...

  6. 1 day ago · Rates shown valid on publication date as of May 26, 2024. 30-Year Fixed-Rate Mortgage: An interest rate of 8.25% (8.361% APR) is for the cost of 0.00 point(s) ($0.00) paid at closing. On a $350,000 mortgage, you would make monthly payments of $2,629.44. Monthly payment does not include taxes and insurance premiums.

  7. 3 days ago · At a 5% interest rate. $1,879 in monthly payments (excluding taxes, insurance and HOA fees) At a 6% interest rate. $2,098 in monthly payments (excluding taxes, insurance and HOA fees) At a 7% ...

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  2. Take advantage of better rates & shorter terms with PenFed Refi. Equal Housing Lender. PenFed's Refinance Options are designed to fit your life. Discover how you can save.

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