All Entries in the "Economy" Category
Downward Trend is Good News … For Now
In the real estate industry, you like to see things go up:
*Home Sales
*Home Prices
In the mortgage industry, you prefer to see things go down:
*Mortgage rates
*Delinquent homeowners
As you know from reading Chicagoland Real Estate Forum, long-term mortgage rates have just hit new record lows.
Now, a survey from the Mortgage Bankers Association (MBA) shows that the amount [...]
Mortgage Rates Fall, Yet Again, To Records Lows
Long-term mortgage rates keep falling to new depths. While this isn’t helping boost sales in the Chicago real estate market, it is motivating homeowners to refinance.
Freddie Mac said Thursday that long-term mortgage rates are at their lowest levels since the mortgage buyer started keeping track.
The average rate on a U.S. 30-year, fixed-rate mortgage was 4.36 percent for [...]
What We Need Is Another Home Buyer’s Tax Credit
Each month this year that Chicago real estate sales have increased, experts have attributed the rise to the Federal Home Buyers Tax Credit.
July was the first month that buyers could not qualify for that tax credit, so analysts were expecting a drop in sales.
They got it.
According to the Illinois Association of Realtors, total home sales [...]
Register to Fix Your Mortgage at Free Chicago Event
You’ve heard the numbers: Almost 30 percent of all Chicago-area homeowners owe more on their mortgages than their homes are worth.
Foreclosures are at an all-time high. Don’t let it happen to you.
There’s a free “Fix Your Mortgage” event scheduled for Saturday, August 21 on the north side of Chicago.
The free event, sponsored by the Neighborhood [...]
Allstate Insurance Increasing Illinois Renter Rates
If you get your renter’s insurance in Illinois through Allstate, you are not going to like this story. It has a consolation at the end, though.
Starting August 16, Allstate Corp. is raising its renter’s insurance by an average of 16.8 percent in the state of Illinois.
Officials from the Northbrook-based company, who say they haven’t increased [...]
