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Today's Illinois Mortgage Rates

Rates current as of 7/12/2024

6.250%Rate

6.309% APR

30 Year Fixed

6.250% Rate

6.316% APR

25 Year Fixed

6.000% Rate

6.078% APR

20 Year Fixed

5.750% Rate

5.848% APR

15 Year Fixed

Welcome to the best mortgage services in Illinois. Whether you are looking to purchase a new home or refinance your existing mortgage, we offer the most competitive mortgage rates in Illinois. Our expert team is here to guide you through the process and ensure you get the best deals tailored to your financial needs. With live rates available, you can quickly see how we compare and why we are the top choice for mortgage services in Illinois.


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Advantages of Working with a Illinois Mortgage Broker



Choosing a Illinois mortgage broker provides access to a wide network of lenders, offering borrowers a range of loan options tailored to their unique financial situation. With expert guidance and personalized service, mortgage brokers in Illinois help clients navigate the complexities of the mortgage application process. Their ability to find a lender that aligns best with the borrower’s needs can save time and secure competitive rates.


Working with a Illinois mortgage broker ensures a streamlined and efficient experience, from initial consultation to loan closing. Brokers leverage their negotiation power and industry connections to secure favorable terms and conditions, making home buying in Illinois more accessible and less stressful. With their in-depth knowledge and dedicated support, Illinois mortgage brokers provide significant benefits to homebuyers, ensuring a smooth journey towards owning a home.

What We Offer

  • Great customer service

    At Gateway Capital Mortgage, Inc. we take pride in our great customer service. Our staff is here for you, so don’t hesitate to contact us if you have any questions, problems or maybe a suggestion. We would love to hear from you.

  • Superior loans and mortgages

    We work with multiple lenders and we can provide our clients with extremely competitive pricing. Now you can do all your comparison shopping with one company without wasting time with several banks or brokers.

  • Clients come first

    We make sure our clients get the best support from our staff. We will walk you through the whole mortgage process and ensure your transactions close smoothly.

2024 Illinois Mortgage and Home Buying Market Overview

The Illinois housing market has shown significant growth and competitiveness in recent times. As of April 2024, home prices in Illinois have risen by 7.4% year-over-year, with a median home price now at $295,600. This upward trend in home prices indicates a robust housing market, reflecting increasing demand and economic strength in the state. Despite the rise in home prices, the number of homes sold also increased by 7.4%, showcasing a dynamic and active market. However, the number of homes for sale in Illinois has decreased by 4.6%, with only 40,488 homes available on the market. This reduction in housing supply, coupled with the fact that 42.9% of homes sold above list price, highlights the competitive nature of the Illinois housing market. Buyers are facing fierce competition, with bidding wars becoming more common, particularly in top metros such as Forest Park, Hinsdale, and Buffalo Grove, which have seen the fastest-growing sales prices. The current trends suggest that while the Illinois housing market is thriving, prospective buyers need to be prepared for a highly competitive environment.

Areas We Serve

Here are some cities in Illinois that we serve, but not limited to:

• Chicago • Aurora • Naperville • Joliet • Rockford • Springfield • Elgin • Peoria • Champaign • Waukegan • Cicero • Bloomington • Arlington Heights • Evanston • Schaumburg • Bolingbrook • Decatur • Palatine • Skokie • Des Plaines • Orland Park • Tinley Park • Oak Lawn • Berwyn • Mount Prospect

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