Ever wish your Chicago real estate mortgage payments better coincided with your life? That you could be done paying before you retire or before your kids go off to school? It so happens that more and more lenders these days are letting you do just that, according to a recent article in the Chicago Tribune. …
Last week, Chicago Real Estate Forum discussed mortgage rates, which are still hitting record lows, and asked the question: Are they enough to spur housing activity in this tough economy? This week, the answer is yes. According to the Mortgage Bankers Association, mortgage applications increased 18 percent for the week ending June 8 from the …
As the economy struggles, the real estate market struggles, which brings down mortgage rates, which is finally spurring housing activity. According to Freddie Mac’s Primary Mortgage Market Survey for the week ending April 5: *30-year fixed-rate mortgage (FRM): Averaged 3.98 percent, down from last week when it averaged 3.99 percent. Last year at this time, …
I refinanced the mortgage in my Chicago real estate a year ago and got an outstanding rate of just over 4.00 percent on a 30-year loan. I felt lucky, since rates at the time were closer to 5 percent than 4. Here we are a year later, and today’s mortgage rates are starting to make …
Mortgage rates are starting the year off with a bang and have hit new record lows. That includes the 30-year fixed-rate mortgage, which fell below 4.0 percent last year for the first time on record dating back to 1971 and has remained there for the last six weeks. Freddie Mac released its Primary Mortgage Market …
Wait. What? Fixed-rate mortgages rose sharply this week, despite the Fed’s big plan to keep them historically low. The 30-year fixed-rate mortgage (FRM) averaged 4.12 percent for the week ending October 13 after falling below 4 percent last week for the first time ever. The 15-year FRM increased as well, averaging 3.37 percent this week …
