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3/1 ARM Mortgage Rates in Illinois

Updated: December 13, 2019

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Displaying rates for Mortgage Refinance in IL for $200,000

5.156%

APR
3 Year ARM
4.250% Rate $984/mo
  • Updated December 13, 2019
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PRODUCTS RATES +/-
30 Year Fixed 3.67%
15 Year Fixed 3.29%
5/1 ARM 4.19%
Friday, December 13, 2019

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Mortgage rates for Illinois go down to 3.67%

Friday, December 13, 2019

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 3.67%. That dropped from 3.67% to 3.67%. The 15-year fixed rates are now at 3.29%. The 5/1 ARM mortgage for Illinois is now at 4.19%.

3/1 ARM Mortgage Rate Explained

3/1 ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during 3 years. After that the rate will change based on its "margin" and "index" . Above you will find 3/1 ARM refinance rates for national and local lenders in Illinois. 

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