Waukegan Banking Rates » Mortgage Rates (Page 2)

Our Featured Waukegan Mortgage Rate

Waukegan Mortgage Rates

FHA Increases the Cost of Homeownership

Effective April 18, 2011, the cost of a new FHA loan will rise. The US Department of Housing and Urban Development (HUD) has announced that all new case numbers requested as of April 18th will include an increase of 25 basis points on the monthly mortgage insurance.

FreddieMac offers YouTube Homeowners Assistance

According to RealtyTrac approximately 32% of homeowners in Waukegan, IL have received notice of foreclosure. This is nearly double the National average of 17%. One out of every 314 homeowners received a foreclosure filing in February, 2011.

Waukegan Homes Very Affordable When Compared To Lake County, IL

A recent Movoto survey showed that the median price of homes for sale in Waukegan for the month of February, 2011 was $99,000. This is down from a year ago when it was $119,900.

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Waukegan Banking Rates Mortgage Rates

The interest rate you qualify for on your new home purchase or home refinance in Waukegan IL depends on a number of factors, including your credit history, income, down payment, and current debt payments. Interest rates are historically low all over the U.S. and in Waukegan IL, but not all banks and credit unions are right for you. Therefore, we work with 288 financial institutions in the Waukegan IL area to make it easier for you to make the choice on which local bank or credit union is right for you. We continually add to this list to ensure that you can find the best Waukegan IL mortgage rates, whether you seek a fixed rate (30 year fixed or 15 year fixed), adjustable rate (ARM), interest only or mortgage refinance.

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