Currently viewing the tag: "Chicago refinancing"

Chicago Refinancing Activity Surges Again

On February 3, 2010 By

How low have rates gone in this most recent rally?  Low enough that the Mortgage Bankers Association is reporting a 21% surge in mortgage applications last week.

Today’s ADP report beat expectations.  In this week’s mortgage rate predictions, we cited the ADP report and Friday’s non-farm payrolls report as the big drivers for the week.  [...]

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Mortgage Rates Pulling Back

On December 1, 2009 By

There are a lot of reasons that mortgage rates are this low and there is an overwhelming pile of evidence that this will not last forever. We have blistering numbers in every facet of housing.  Home Supply is down, Pending Home Sales are up, etc.

Again, the purpose of the $1.25 TRILLION program from the [...]

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Chicago Loan Rates At One Year Lows

On November 30, 2009 By

We are currently in the middle of not only the lowest mortgage rates, but also the longest prologed level at any level of interest rates. The that has dotted the markets for over 18 months is, surprisingly, flat.

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Chicago Loans Drop .5% in 4 Weeks

On November 19, 2009 By

This really has been an incredible run over the past month.  Rates have dipped almost half a percent and have retraced their lows from October. Perhaps even more important, many homeowners locked out of the original refinance wave due to declining home values have options now in the form of the making home affordable options [...]

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Chicago Loan Rates Holding

On November 18, 2009 By

Activity Drives Applications

The Mortgage Bankers Association report shows that the refinances were up 1.4% last week and increased to nearly 73% of loan applications last week.  The 30 Fixed Rate came in at an average of 4.83% with 1.17% points.  We’re still seeing [...]

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Chicago Refinancing Activity Spiking

On November 17, 2009 By

Home loan rates continue to drop.  We have every reason in the world to believe that they will jump in the next few days, minutes, or hours, but that hasn’t been the case just yet.

Today’s big number was the inflation measure, the Producer Price Index.  It came in significantly lower than expected.  This removes [...]

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