Chicago-area brokers, lenders optimistic on housing market following mortgage rate drop ...Middle East

NBC Chicago - News
Chicago-area brokers, lenders optimistic on housing market following mortgage rate drop
Experts in Chicago’s housing market are feeling optimistic as mortgage rates trend down. On Friday, the average rate on a 30-year fixed mortgage dropped 22 basis points to 6.4%, according to Mortgage News Daily, the lowest rate since April 2023. “It’s not as exciting as you’d think it would be given the fact we had such artificially low rates during COVID,” said Danny O’Donoghue, a real estate broker with Compass. “We’re on the right path and kind of in that normal range again.” “Now that we’re into the sixes, we’re below the historical 30-year mortgage average. We’re in a good spot,” said O’Donoghue. Home sales have continued to fall amid record high prices and interest

Hence then, the article about chicago area brokers lenders optimistic on housing market following mortgage rate drop was published today ( ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Chicago-area brokers, lenders optimistic on housing market following mortgage rate drop )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News