Chicagoland Valuation Group Inc
Chicago & suburbs
 About UsChicagoland's #1 source for Certified Residential Appraisals!! As certified appraisers, we possess the extensive know-how and qualifications to give you the level of credible property value opinions that government agencies, private parties, banks and major lending institutions require. With years of expertise behind us, we're more than ready to accept assignments pertaining to virtually any type of property. Considering today’s high-regulation environment, our independence, including from real estate brokerage firms, makes your life easier and provides a superior product. |
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| Worst 24 Hours For Rates So Far This Year | ||
| 4/7/2025 4:00 PM | ||
| Tariff volatility giveth and taketh from interest rates. Up until Friday afternoon, it"s been mostly "giveth-ing." In other words, the prospect of trade wars between the US and numerous foreign countries has generally caused weakness in the stock market and strength in the bond market (stronger bonds = lower rates). That pattern ...Read More | ||
| Rate Rally Reverses, But Focus on Bigger Picture | ||
| 4/4/2025 3:29 PM | ||
| This week is ending with the average top tier 30yr fixed mortgage rate at its lowest level since early October, 2024. The only way to be disappointed about that would be to focus on the fact that rates were even lower this morning. Rates fell sharply due to the market"s ongoing reaction to Wednesday"s tariff announcement and especially due to Chin...Read More | ||
| Lowest Mortgage Rates in More Than 5 Months | ||
| 4/3/2025 2:42 PM | ||
| Yesterday afternoon"s tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately lower bond yields. Stocks don"t always correlate with bond yields, but that has been a common pattern since late February. The correlation between bond yields and mortgage rates, on the other hand, is per...Read More | ||
| Mortgage Rates Edge Slightly Higher, But Tomorrow is Anyone"s Guess | ||
| 4/2/2025 4:08 PM | ||
| Mortgage rates didn"t move much today, which is pretty crazy considering the volatility present in financial markets in the afternoon. That"s when the long awaited tariff announcement speech took place. There was always a decent chance of a whipsaw in response and a whipsaw is what we got. Fortunately, the net effect for the bond marke...Read More | ||
| Lowest Mortgage Rates in Nearly a Month | ||
| 4/1/2025 2:29 PM | ||
| While interest rates continue operating in a range that is generally flat and narrow over the past 5 weeks, it"s also true that today"s rates are on the lower edge of that range. Because there"s not much of a gap between the highs and the lows, it didn"t take a major move to facilitate today"s little victory, but it is notable that we"ve seen 3 vic...Read More | ||
| Mortgage Rates Inch Lower, But Remain Broadly Sideways | ||
| 3/31/2025 2:30 PM | ||
| "Sideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70% the following week. We haven"t been outside of that range since then. Today was just another day in that regard, or perhaps even a prime example considering it wa...Read More | ||
| Mortgage Rates Move Lower Even Though They Weren"t Supposed To | ||
| 3/28/2025 4:34 PM | ||
| First thing"s first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to the higher end of the recent range. In addition, the recent range is quite narrow with average top tier 30yr fixed rates never straying too far from 6.75 since late February. What made today intere...Read More | ||
| Mortgage Rates Steady to Slightly Higher | ||
| 3/27/2025 2:26 PM | ||
| With the exception of Monday, which saw a medium-sized uptick in mortgage rates, the rest of the week has been fairly calm in terms of volatility. Unfortunately, the low-volatility movement has been exclusively higher in rate and it"s starting to add up. In fact, as of today, the top tier conventional 30yr fixed rate is at the highest level ...Read More | ||
| Mortgage Rates Hold Steady Near Recent Highs | ||
| 3/26/2025 3:58 PM | ||
| It depends what one"s definition of "recent" is, but if it involves the past few weeks, mortgage rates were at their highest recent levels both yesterday and today. 2 other days in that window were worse, but only microscopically. On a positive note, the entirety of the past few weeks has seen rates calmly holding a narrow range at the...Read More | ||
| Mortgage Rates Modestly Higher on Average, But Some Lenders Are Lower | ||
| 3/25/2025 3:02 PM | ||
| One of the key principles of mortgage rate movement has to do with the frequency of mortgage rate changes. Specifically, mortgage lenders prefer to update rates once per day. This is notable because mortgage rates are based on bonds, and bonds are constantly trading. The compromise is that mortgage lenders will indeed change rates more ...Read More | ||