Mortgage rates in Chicago fell this week. Meanwhile, a former Chicago Bulls player listed his mansion for sale in the area.
This week's rates
The benchmark 30-year fixed-rate mortgage in Chicago fell to 3.55% from 3.66%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.14 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 3.61%.
Scottie Pippen lists his home
Chicago Bulls basketball legend Scottie Pippen has listed his Highland Park mansion for $3.1 million, according to Curbed.
The 10,000-square-foot home includes an outdoor pool and, of course, a basketball court.
Pippen and his wife are hoping to make a profit off the mansion, too. They purchased the home in 2004 for $2.225 million.
The benchmark 30-year jumbo mortgages, for loans of $417,000 and up, fell to 3.42% from 3.47%. The benchmark 15-year fixed-rate mortgage fell to 2.87% from 2.97%. The benchmark 5/1 adjustable-rate mortgage fell to 2.75% from 2.78%.
Weekly mortgage survey
|Results from Bankrate's June 29 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:||3.55%||2.87%||2.75%||3.42%|
|Change from last week:||-0.11||-0.10||-0.03||-0.05|
|Change from last week:||-$10.13||-$7.88||-$2.62||-$11.56|