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Chris Ulrich offers Chicago Area Mortgage Lending with the goal of providing important resources and answers to your questions.
In today's tough housing market, homebuyers face high mortgage rates — but it's not the first time. A CBS News report from 1979 shows a young family in Chicago struggling with even steeper rates of 11%. Here's a look back at how history is repeating itself. ...
Rates may reflect up to 2 points in prepaid interest due at closing. WHEDA rate quote assumes 3% down payment and loan amount of $258,600. FHA rate quote assumes 3.5% down payment and $257,300. VA rate quote assumes 100% financing and first use of eligibility for an active duty service...
Pro tip: In some cases, paying upfront fees may lower a borrower’s mortgage interest rate. Mortgage rate transparency (25%) We check how straightforward it is to comparison-shop rates online. NerdWallet’s transparency ratings are higher for lenders that post sample rates on their sites, ...
“In June, the median sales price increased despite concerns about inflation and interest rates,” said Antje Gehrken, president of the Chicago Association of REALTORS® and president and designated managing broker of A.R.E. Partners. “This shows that there is still buyer demand this summer...
Record-high mortgage rates have made buying a new home unaffordable for many people. But some real estate agents are trying to lock in lower rates with mortgage transfers. Daryl Fairweather, chief economist for Redfin real estate brokerage, joins CBS News discuss.Jun 17, 2023...
Here is an example of Buying a home vs. Renting based on today’s mortgage rates with the plan of selling your home in 10 years. Renting versus Owning I would like the opportunity to consult with you and start you on the path of Homeownership. Whether it be for Today or planning for ...
Housing markets in relatively affordable Midwest and East Coast metros, especially in the Chicago area and parts of Connecticut and upstate New York, will hold up relatively well, even as the U.S. market cools. Those areas tend to be more stable than expensive coastal areas and they didn’t...
2010 has started with yet another interest rate hold by the Bank of England – the tenth consecutive hold decision since Bank Rate was cut in March to an all-time low of 0.5%. Mortgage lenders Standard Variable Rates (SVRs) have also been very low over the last year, but despite...