Current Mortgage Rates in Melrose Park, Illinois
Tuesday, October 07, 2008
Current Mortgage Rates*
Loan Type Melrose Park Average |
|
| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.62% |
| 15-yr. fixed | 5.88% |
| 15-yr. fixed jumbo | 6.88% |
| 7/1 ARM | 6.25% |
| 7/1 ARM jumbo | 7.00% |
| 5/1 ARM | 6.00% |
| 5/1 ARM jumbo | 6.88% |
| 3/1 ARM | 5.88% |
| 3/1 ARM jumbo | 6.25% |
| 1-yr. ARM | 5.75% |
| 1-yr. ARM jumbo | 5.50% |
| 1-yr. LIBOR ARM | 6.12% |
*Mortgage Rates Updated: 10/07/2008
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Current Mortgage Rates in Melrose Park, Illinois
| Melrose Park 30-yr. fixed Mortgage Rates | Melrose Park 30-yr. fixed jumbo Mortgage Rates | ||||||
|---|---|---|---|---|---|---|---|
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.71% | 8.28% | 4.43 | Citibank | 7.00% | 7.14% | 0.25 |
| Bank of America | 6.61% | 6.75% | 0.80 | Bank of America | 7.34% | 7.59% | 1.75 |
| Wachovia | 6.24% | 6.38% | 0.71 | Wells Fargo | 9.31% | 9.38% | 0.26 |
| Wells Fargo | 6.41% | 6.49% | 0.24 | Chase | 7.75% | 7.80% | 0.14 |
| Chase | 6.31% | 6.39% | 0.08 | Fifth Third Bank | 7.10% | 7.13% | 0.02 |
| Fifth Third Bank | 6.41% | 6.47% | 0.33 | ||||
| Melrose Park 15-yr. fixed Mortgage Rates | Melrose Park 15-yr. fixed jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 7.37% | 8.59% | 6.62 | Citibank | 6.75% | 6.89% | 0.00 |
| Bank of America | 6.23% | 6.49% | 0.90 | Bank of America | 7.23% | 7.62% | 1.54 |
| Wachovia | 5.73% | 5.99% | 0.81 | Wells Fargo | 7.98% | 8.10% | 0.41 |
| Wells Fargo | 6.16% | 6.29% | 0.33 | Chase | 6.50% | 6.59% | 0.00 |
| Chase | 6.31% | 6.44% | 0.07 | Fifth Third Bank | 6.30% | 6.34% | 0.02 |
| Fifth Third Bank | 5.87% | 5.98% | 0.36 | ||||
| Melrose Park 7/1 ARM Mortgage Rates | Melrose Park 7/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.50% | 7.21% | 0.25 | Citibank | 7.00% | 7.46% | 0.00 |
| Bank of America | 6.40% | 6.37% | 0.96 | Bank of America | 6.88% | 7.36% | 0.48 |
| Wachovia | 5.79% | 5.84% | 0.59 | Wells Fargo | 8.45% | 7.48% | 0.29 |
| Wells Fargo | 7.32% | 6.86% | 0.18 | Chase | 7.62% | 7.39% | 0.31 |
| Chase | 6.84% | 6.42% | 0.04 | Fifth Third Bank | 6.76% | 6.22% | 0.00 |
| Fifth Third Bank | 6.45% | 5.96% | 0.00 | ||||
| Melrose Park 5/1 ARM Mortgage Rates | Melrose Park 5/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.38% | 7.29% | 0.12 | Citibank | 6.88% | 7.47% | 0.00 |
| Bank of America | 6.43% | 6.14% | 0.88 | Bank of America | 8.14% | 6.63% | 1.05 |
| Wells Fargo | 7.06% | 6.59% | 0.23 | Wells Fargo | 7.81% | 6.84% | 0.32 |
| Chase | 6.79% | 6.27% | 0.03 | Chase | 7.76% | 6.66% | 0.00 |
| Fifth Third Bank | 6.21% | 5.98% | 0.27 | Fifth Third Bank | 6.68% | 6.11% | 0.00 |
| Melrose Park 3/1 ARM Mortgage Rates | Melrose Park 3/1 ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.62% | 7.51% | 0.00 | Citibank | 7.00% | 7.62% | 0.00 |
| Bank of America | 5.98% | 6.15% | 0.93 | Bank of America | 6.88% | 7.60% | 0.08 |
| Wachovia | 5.55% | 5.61% | 0.48 | Wells Fargo | 6.75% | 7.52% | 0.12 |
| Wells Fargo | 6.38% | 7.44% | 0.12 | Chase | 6.75% | 7.41% | 0.00 |
| Chase | 6.75% | 7.37% | 0.00 | Fifth Third Bank | 6.59% | 6.02% | 0.00 |
| Fifth Third Bank | 5.80% | 5.81% | 0.24 | ||||
| Melrose Park 1-yr. ARM Mortgage Rates | Melrose Park 1-yr. ARM jumbo Mortgage Rates | ||||||
| Base Rate | APY | Points | Base Rate | APY | Points | ||
| Citibank | 6.75% | 7.76% | 0.00 | Citibank | 7.00% | 7.90% | 0.00 |
| Bank of America | 7.14% | 6.37% | 1.82 | Wells Fargo | 7.25% | 7.74% | 0.12 |
| Wells Fargo | 7.25% | 7.78% | 0.12 | Chase | 7.12% | 7.62% | 0.00 |
| Chase | 6.12% | 7.53% | 0.12 | Fifth Third Bank | 6.48% | 5.96% | 0.00 |
| Fifth Third Bank | 6.11% | 5.72% | 0.00 | ||||
Banks in Melrose Park, Illinois
American National Bank of Melrose Park, 1836 Broadway, Melrose Park Illinois 60161Banco Popular, Illinois, 17th Avenue and Lake Street, Melrose Park Illinois 60160
Life Savings and Loan Association of America, 1400 Winston Plaza, Melrose Park Illinois 60160
Mortgage Statistics for Melrose Park, Illinois
| Melrose Park | Illinois | USA | |
|---|---|---|---|
| Population: Population - The population of Melrose Park, IL  |
44,716 | 12,415,876 | 284,881,454 |
| White Population: White Population - The number of white people living in where you might apply for a Melrose Park mortgage. |
32,731 | 9,122,097 | 210,951,199 |
| Black Population: Black Population - The number of black people living in where you might apply for a Melrose Park mortgage. |
1,268 | 1,876,853 | 33,966,477 |
| Hispanic Population: Hispanic Population - The number of hispanic people living in where you might apply for a Melrose Park mortgage. |
20,018 | 1,530,239 | 34,671,551 |
| HouseHolds: HouseHolds - The total number of households in Melrose Park, IL, where you might buy a home. |
15,023 | 4,884,060 | 117,153,924 |
| Person per Household: Person per Household - The average number of people in a household in Melrose Park, where you might apply for a Melrose Park mortgage. |
2 | 2 | 2 |
| Average House Value: Average House Value - The average house value in Melrose Park, IL |
$146,383 | $140,271 | $132,188 |
| Income per Household: Income per Household - The household income where you might compare Melrose Park mortgage interest rates. |
$45,372 | $48,706 | $43,800 |