Archive for February, 2013

Rates Thursday

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Guaranteed Rate is offering a 30 Year Fixed Mortgage Rate at 3.625% and a 15 Year Fixed Mortgage Rate at 3.00%.

MLS Monday

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The amount of inventory in Elmhurst has lowered from 12 months to 7 months of inventory. Overall, it has lowered over 35% from February 2012 to January 2013.

Rates Thursday

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Rates for a 30 Year Mortgage for Guaranteed Rate are currently at 3.500%. According to the Ellie Mae, the average interest rate in 2012 for a mortgage is 3.90%.

Tis the Season for Buying

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The National Association of Realtors (NAR) has released information from Trulia about selling in the seasons. According to recently facts, the biggest peak in Illinois is April. Get ready for the spring rush!  

MLS Monday

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The average market time for DuPage County is now 161 days. Last year, the market time was 25 days more. Buyers and sellers, the market is going up!  

Rates Thursday

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30 Year Mortgage rates from Guaranteed Rate are consistent at 3.625%.  The average rate this week, according to Freddy Mac, is 3.53%.