Mortgage rates in Chicago mostly rose this week. And a Frank Lloyd Wright home will soon be up for sale in the Chicagoland area.
The benchmark 30-year fixed-rate mortgage in Chicago rose to 4.5 percent from 4.48 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.3 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.55 percent.
Later this month, fans of Frank Lloyd Wright homes will have the opportunity to purchase one, according to Chicago Magazine. The William Winslow House in River Forest will go on sale for the first time since 1955. It's the first home that Frank Lloyd Wright designed when he was working on his own.
But if you want this famous piece of real estate, it'll cost you. The asking price is $2.4 million. It's currently scheduled to be listed on Dec. 16, notes Chicago Magazine.
The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, ticked up to 4.38 percent from 4.34 percent. The benchmark 15-year fixed-rate mortgage rose to 3.57 percent from 3.53 percent. The benchmark 5/1 adjustable-rate mortgage fell to 2.94 percent from 2.98 percent.
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Weekly mortgage survey
|Results from Bankrate's Dec. 11 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $417,000 in Chicago.|
|30-year fixed||15-year fixed||5-year ARM||30-year jumbo|
|This week's rate:||4.50%||3.57%||2.94%||4.38%|
|Change from last week:||+0.02||+0.04||-0.04||+0.04|
|Change from last week:||+$1.96||+$3.25||-$3.54||+$9.85|