DuPage County

Nov. 25, 2020

Once in a lifetime low rates

 

 

Average mortgage rates have dipped below 3% for 18 consecutive weeks

 

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the ...

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Nov. 18, 2020

Support local businesses

 

 

Locally owned businesses are the heart of our communities. So with the season of giving upon us, there’s never been a better time to show your support to small businesses in your neighborhood or suburb. Here are a few ways you can do that during the holidays:

  ...

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Nov. 11, 2020

What will Biden do for housing?

 

 

This week, Robert Broeksmit, the president and CEO of the Mortgage Bankers Association, joins the Housing News Podcast to discuss the association’s regulatory priorities for 2021 and what goals it hopes to achieve under a Biden administration.

During the interview, Broeksmit also discusses what could happen if ...

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Nov. 4, 2020

How will the election impact the housing market

 

 

In today’s Daily Download episode HW+ Managing Editor Brena Nath is joined by

HousingWire Editor in Chief Sarah Wheeler to discuss the most compelling articles

 reported from the HousingWire newsroom. Brena and Sarah discuss the 2020 election

 and its impact on the housing market.

 

For ...

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Oct. 28, 2020

Mortgage rate forecast for 2021

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that mortgage rates could rise in the year to come, but that they will remain near all-time lows.

Forecast

Fratantoni pointed out that the job losses seen in 2020 have been unprecedented, even when compared to the ...

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Oct. 21, 2020

Consumer confidence hits pandemic high

 

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact ...

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Oct. 13, 2020

Home sales are up

       

 

Home sales are up, and so are the prices.

Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. 4. The previous largest increase was 14.5% seen in September 2005, according to Redfin  ...

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Oct. 7, 2020

How does the market compare to last year's success

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.

Mark ...

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Sept. 30, 2020

Is the recovery beating projections?

 

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to ...

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Sept. 23, 2020

How to Get Your Autumn Fix This Fall

Fall is right around the corner, and as you start swapping your shorts and t-shirts for pants and sweaters, you may be wondering how you can make the most of the season this year. Fortunately, we’ve done our research, and there are plenty of ways to safely experience fall 2020 ...

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