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Mortgage Rates in Chicago, Illinois
Mortgage / Home Buyer News
Mortgage rates saw a slight increase for the first time in many weeks, while still remaining at record lows. In this environment, many homeowners and analysts consider now to be an excellent time to refinance. If you are looking for mortgage rates in Chicago, IL, check while the mortgage rates stay at these levels. For
Source: Bankrate.com » Mortgages
Coping With Chicago's Foreclosure 'War Zones':
Through government-sponsored mortgage lenders, the U.S. Taxpayer owned 360,000 foreclosed homes by the end of 2010, up 47 percent from the year before, according to the industry magazine Housing Wire. Ref. Source 4
Nearly half of mortgages in Chicago area underwater:
A little more than 46 percent of all single-family homes with a mortgage in the Chicago area were underwater in the year's third quarter, far more than the nation as a whole. Ref. Source 8