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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| Mortgage Rates Fall as Inflation Data Comes in Soft | ||
| 6/11/2025 2:48 PM | ||
| After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning"s release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the bond market. Bonds, in turn, dictate interest rate m...Read More | ||
| Mortgage Rates Inch Slightly Lower | ||
| 6/10/2025 2:37 PM | ||
| It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates. After Friday"s larger spike, we"ve seen a microscopic recovery on each of the past 2 days. In terms of specific index levels, this equates to a 0.04% drop in the top tier 30yr fixed rate for the average lender. This is roughly one th...Read More | ||
| Mortgage Rates a Hair Lower to Start The Week | ||
| 6/9/2025 2:38 PM | ||
| As hoped, Friday"s big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been weaker. All that having been said, it"s not as if we"re seeing a triumphant return to last wee...Read More | ||
| Mortgage Rates Jump Back Toward 7% After Jobs Report | ||
| 6/6/2025 2:13 PM | ||
| Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak of 7.08% to this week"s low of 6.87%. As recently as yesterday afternoon, rates were still much closer to those lows at 6.89%. One day can make a big difference and today turned out to be that day. We k...Read More | ||
| Mortgage Rates Little Changed, But Friday Could See a Bigger Move | ||
| 6/5/2025 2:37 PM | ||
| Mortgage rates began the day perfectly in line with yesterday"s latest levels for the average lender. By the afternoon, the underlying bond market had lost enough ground that a handful of lenders were forced to issue mid-day reprices thus taking the average just a bit higher. Unlike the past few days, there wasn"t a highly important economic repor...Read More | ||
| Biggest Daily Drop For Mortgage Rates in Over a Month | ||
| 6/4/2025 3:32 PM | ||
| Whether or not today"s drop in rates is meaningful depends on one"s perspective, but in the context of recent rate movement, it"s definitely noticeable. The simplest way to think about the improvement is as follows: the average lender is now about an eighth of a percent lower in just over a week. If we want to be more specific, today"s avera...Read More | ||
| Uneventful Day For Mortgage Rates | ||
| 6/3/2025 3:02 PM | ||
| Sometimes a Tuesday is just a Tuesday for mortgage rates. In the present week, any day is capable of generating some volatility due to one of several economic reports on the calendar. This isn"t always the case, but the first week of any given month is action-packed when it comes to data. Econ data is one of the top reasons that intere...Read More | ||
| Mortgage Rates Edge Higher to Start Busy Week | ||
| 6/2/2025 3:02 PM | ||
| Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is just a hair higher today versus last Friday, but still just under 7%. As always, the index is best used as a tool to track day over day changes in rates rather than outright levels. Indivi...Read More | ||
| Another Small Victory For Mortgage Rates | ||
| 5/30/2025 2:28 PM | ||
| It has turned out to be a surprisingly calm week for mortgage rates and, as of today, largely a victorious one, even if the victories have been modest. Today"s installment involves a 0.02% drop in the average top tier 30yr fixed rate. This brings the index to the lowest level of the week and a fairly decent 0.12% below last Friday"s levels. ...Read More | ||
| Mortgage Rates Move Slightly Lower After Today"s Data | ||
| 5/29/2025 2:49 PM | ||
| There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, news broke regarding a court ruling that would blo...Read More | ||