Low Mortgage Rates - IL
To learn about low mortgage rate loans in Illinois, contact the local housing finance agency:
Illinois Housing Development Authority
401 North Michigan Avenue, Suite 700, Chicago, IL, 60611
(312) 836-5200
Website: http://www.ihda.org
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IL Mortgage Regulator
For questions or concerns regarding a mortgage lender in Illinois, contact the local regulator:
Illinois Department of Financial & Professional Regulation, Division of Banking
320 W. Washington, Springfield, IL, 62786
217-785-3022
Toll Free: 1-888-298-8089
Website: http://www.idfpr.com
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Rate History: Illinois Mortgage Rates - 1986
Think today's mortgage rates are too high? Let's take a look back to the year 1986. According to Freddie Mac, one of the largest buyers of home loans, average rates on the 30 year fixed rate mortgage loan were as low as 9.32%, and got as high as 10.71%.
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