Reports

It is important for both new homebuyers and homeowners who want to refinance to understand how to lock in an interest rate when applying for a mortgage loan. Understanding how rate locks work prepares you to evaluate your options. While you are in the process of applying for your mortgage loan, interest rates will most … Continue reading Your Chicagoland Mortgage Market Update- 12/2/08

“THE IMPORTANT THING IN THIS WORLD IS NOT SO MUCH WHERE WE STAND, AS IN WHAT DIRECTION WE ARE MOVING.” -Oliver Wendell Holmes. And when it comes to the direction our economy may be moving, there was some surprising news from the Fed last week that the “Minutes” from their October meeting revealed. After years … Continue reading Your Chicagoland Mortgage Market Update- 11/24/08

“What do you need a fancy suit for Charlie, you got no job to wear it to”. From the 1984 movie, The Pope of Greenwich Village. And there are a lot of fancy suits not being used, due to the massive job losses of late. The Labor Department reported that 240,000 jobs were lost in … Continue reading Your Chicagoland Morgage Market Update- 11/10/08

  “I’m always making a comeback but nobody ever tells me where I’ve been.” Billie Holiday. Making a comeback was exactly what Bonds and home loan rates attempted last week, after approaching some of their worst levels this year. While the Bond market was closed last Monday in Observance of Columbus Day, the early part … Continue reading Your Chicagoland Mortgage Market Update- 10/20/08

TO PASS OR NOT TO PASS? That was indeed the question of the week…and the final answer came on Friday, as the House of Representatives followed the Senate’s lead and passed the $700 Billion rescue plan. The week began with the House initially voting against the plan on Monday, causing Stocks to plunge in their … Continue reading Your Chicagoland Mortgage Market Update – 10/6/08

Housing At Bottom, Recovery Slowed By Financial Turmoil By Ann Londrigan 09/19/2008 Economist John Tuccillo, president of JTA Associates and former chief economist for the National Association of REALTORS®, told the packed crowd in the closing session of the IAR Convention that the housing market is ahead of the rest of the economy. “Over 90 … Continue reading An Interesting Article About The Housing Market’s Recovery