Filters
Looking to buy a home in Chicago, IL? Compare mortgage loan offers from trusted local lenders that understand the city’s unique neighborhoods and needs. Finding the right loan with competitive rates is easier when you have options tailored just for you.
Whether you’re a first-time buyer or refinancing, exploring multiple offers helps you secure the best terms and personalized support. Start comparing today to make your Chicago homeownership journey simple, affordable, and stress-free.
Today’s Mortgage Rates & Analysis - Updated on 2026-SEP-23
Federal Funds Rate - Trends & Analysis:
Today’s Fed Funds Effective Rate is 4.00%, which is higher than 7 days ago at 3.75%. When the Fed Funds rate rises, it can put upward pressure on mortgage rates because lenders face higher borrowing costs.
Credit Union Loan Rates - Trends & Analysis:
Affinity Plus offers a 15-year Conventional Fixed rate at 6.5% today, up 13 bp from a week ago and 38 bp over the past 30 days. The 30-year Conventional Fixed and Jumbo Fixed rates are both 7.0%, each up 13 bp from last week and 25 bp over 30 days. The VA 30-year Fixed rate is 7.625%, unchanged from a week ago but up 38 bp over 30 days. Adjustable-rate 5-year and 7-year ARMs hold steady at 5.25% and 5.5%. Consumers offers a 15-year Conventional Fixed at 5.5% and a 30-year Conventional Fixed at 7.125%, with the 30-year rate up 38 bp from 30 days ago. American has a 5-year ARM at 6.375%, which rose 38 bp over the past month. Jumbo loans include a 30-year Fixed at 7.125%, up 25 bp in 30 days.
Northrop Grumman offers 3-year fixed at 5.5%, 5-year fixed at 5.625%, and 7-year fixed at 6.125%, all steady from recent weeks. The 5-year fixed is today 5.625%. Affinity shows a 15-year conventional fixed rate today at 5.875%, up 25 bp from last week and 38 bp from 30 days ago. Their 30-year conventional fixed is 6.5%, also up 25 bp from last week and 38 bp from 30 days ago. FHA fixed rates for 3-year, 5-year, and 7-year terms are 6.125%, 6.25%, and 6.5%, each rising 25 bp over the past week and 38 bp over the past month.
First Community offers a 30-year conventional fixed mortgage at 6.0% today. They also have a 30-year conventional fixed refinance rate at 6.5%. Navy Federal Credit Union offers a 15-year Conventional fixed rate at 6.0% and a 30-year Conventional fixed rate at 6.625%, both unchanged from last week. Their 15-year Conventional refinance rate is 6.0%, up 38 bp from a week ago, while the 30-year Conventional refinance rate is 6.625%, also up 38 bp. The 30-year VA fixed rate is 6.25%, unchanged from a week ago but up 50 bp from a month ago. The 30-year Jumbo fixed rate is 6.875%, steady over the past week. The 3-year ARM Conventional rate is 5.625%, up 25 bp from last week, and the 5-year ARM Conventional rate is 5.875%, also up 25 bp.
Michigan State University shows a 15-year Conventional Fixed rate today at 6.25%, up 13 bp from last week and 25 bp from a month ago. The 30-year Conventional Fixed rate is 6.99%, rising 24 bp in the past week and 49 bp over 30 days. Jumbo 30-year Fixed loans match the 30-year Conventional at 6.99%, up 24 bp from last week and 37 bp from a month ago. The 15-year Adjustable Fixed rate is also 6.25%, with the same weekly and monthly increases as the 15-year Conventional. I. H. Mississippi Valley offers a 15-year Conventional Fixed at 6.125%, up 25 bp from two weeks ago, and a 30-year Conventional Fixed at 6.75%, up 38 bp. Their 5-year ARM is at 5.375%, up 13 bp, and the 7-year ARM is 5.625%, up 25 bp. Rates have generally increased compared to mid-September.
Alliant offers a 15-year fixed conventional loan at 6.125% and a 30-year fixed conventional loan at 7.0% today. They also have adjustable-rate options for 5, 7, and 10 years fixed at 6.0%, 6.125%, and 6.375%, respectively. Rates have stayed steady over the past weeks. Citizens Equity First offers a 15-year conventional fixed at 6.5%, up 25 bp from last week, and a 30-year conventional fixed at 7.125%, also up 25 bp. Their adjustable-rate 5-year fixed stands at 6.0%, unchanged from a week ago. The 7-year and 10-year adjustable fixed rates are slightly higher at 6.125% and 6.25%, respectively, each up 13 bp over the past 30 days. Jumbo loans match the 30-year conventional fixed at 7.125%, up 25 bp from last week.
Market Indicators - Data & Insights:
Today, Zillow's 30-year mortgage rate is 7.021%, and Freddie Mac's 30-year rate is 6.950%, with Zillow higher than Freddie Mac. Zillow's 15-year rate stands at 6.911%, higher than 7 days ago. These rates reflect the current cost of borrowing for homebuyers, influencing how much people can afford and the demand for housing.