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3/1 ARM Mortgage Rates in Illinois

Updated: August 20, 2017

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

3.262%

APR
3 Year ARM
3.250% Rate $871/mo
  • Updated August 20, 2017
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2.595%

APR
3 Year ARM
2.550% Rate $796/mo
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3.968%

APR
3 Year ARM
3.375% Rate $884/mo
  • Updated August 20, 2017
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PRODUCTS RATES +/-
30 Year Fixed 3.96%
15 Year Fixed 3.18%
5/1 ARM 3.38%
Sunday, August 20, 2017

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Mortgage rates for Illinois go up to 3.96%

Sunday, August 20, 2017

Mortgage rates for Illinois on Lender411 for 30-year fixed-rate mortgages are at 3.96%. That increased from 3.93% to 3.96%. The 15-year fixed rates are now at 3.18%. The 5/1 ARM mortgage for Illinois is now at 3.38%.

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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