Mortgage rates in Chicago were mixed this week. Meanwhile, the Trump Tower penthouse downtown sold for a record-breaking amount.
This week's rates
The benchmark 30-year fixed-rate mortgage in Chicago fell to 3.99 percent from 4.04 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.27 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.03 percent.
Trump Tower penthouse fetches $17M
On Monday, the Trump Tower penthouse in downtown Chicago was sold to a tech multimillionaire for $17 million. That's the most expensive residential real estate transaction in Chicago history, notes The Chicago Tribune.
It's a 14,260-square-foot unit on the 89th floor of the Trump International Hotel & Tower. There are five bedrooms and eight bathrooms. But perhaps the best feature of this penthouse is the 360-degree view of the city and Lake Michigan, notes The Chicago Tribune.
The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, remained at 3.87 percent. The benchmark 15-year fixed-rate mortgage rose to 3.24 percent from 3.22 percent. The benchmark 5/1 adjustable-rate mortgage rose to 2.97 percent from 2.94 percent.
Weekly mortgage survey
|Results from Bankrate's Dec. 10 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:||3.99%||3.24%||2.97%||3.87%|
|Change from last week:||-0.05||+0.02||+0.03||N/C|
|Change from last week:||-$4.75||+$1.60||+$2.67||N/C|