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 Erase Early Improvement | ||
| 5/7/2026 1:46 PM | ||
| The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond market improved following a report regarding a peace framework sent to Iran by The U.S. When bonds improve, rates fall, all else equal. The gains were modest, but they allowed the average lender to set their first rates of the day at slig...Read More | ||
| Mortgage Rates Make a More Serious Recovery | ||
| 5/6/2026 2:40 PM | ||
| Mortgage rates spiked sharply on Monday, hitting the highest levels in more than a month as escalation fears ramped up surrounding the Iran war. Yesterday technically saw some recovery, but it may as well have been an "unchanged" day. Now today, we"re seeing a more legitimate recovery with the average lender back down to last Friday"s levels. The ...Read More | ||
| Mortgage Rates Edge Just Barely Lower | ||
| 5/5/2026 1:43 PM | ||
| One popular refrain in the mortgage industry is that rates take the escalator on the way up and the stairs on the way down. Yesterday was definitely an "escalator" sort of day with the average lender moving up 0.12% for a top-tier 30yr fixed rate. Based on improvement in the bond market, rates are lower today, but just barely. It"s not so much tha...Read More | ||
| Highest Rates in More Than a Month | ||
| 5/4/2026 2:19 PM | ||
| Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well. Those who didn"t will likely have to raise rates tomorrow unless the underlying bond market makes a significant recovery overnight. Rates are driven by bonds an...Read More | ||
| Mortgage Rates End Week on a Calm Note | ||
| 5/1/2026 12:58 PM | ||
| Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6.33%. That trend persisted on Monday of this week, but things changed abruptly after that. Tuesday and Wednesday saw moderately big increases that took the ...Read More | ||
| Mortgage Rates Recover Some of Yesterday"s Losses | ||
| 4/30/2026 2:09 PM | ||
| Mortgage rates spiked on Wednesday (yesterday) after reports suggested a prolonged blockade of the Strait of Hormuz. As has been the case for most of the past 2 months, interest rate movement was clearly correlated with oil prices. Now today, both are moving back in the other direction though not for reasons that are as obvious as yesterday"s. The...Read More | ||
| Mortgage Rates Surge Higher as US Considers a Longer Blockade | ||
| 4/29/2026 3:09 PM | ||
| Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of the damage. News came out overnight that spoke to the possibility of a prolonged blockade of the Strait of Hormuz. Markets took this seriously because it i...Read More | ||
| Mortgage Rates Rise to 2-Week Highs | ||
| 4/28/2026 2:32 PM | ||
| Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing of the underlying market movement. While it"s true that mortgage rates are directly influenced by the bond market, mortgage lenders prefer to set rates once per day. From there, they will occasionally...Read More | ||
| Mortgage Rates Perfectly Unchanged to Start New Week | ||
| 4/27/2026 2:21 PM | ||
| Despite the elevated volatility risk heading into the weekend, mortgage rates are starting the week in exactly the same territory compared to Friday afternoon. As always, our rate tracking refers to top-tier 30-year fixed rates for the average lender. The absence of meaningful movement in the underlying bond market is a testament to an increasingl...Read More | ||
| Rates End Week Close Enough to Recent Lows | ||
| 4/24/2026 2:31 PM | ||
| With zero change versus Thursday"s latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going back to last Tuesday). At 6.32%, today"s mark is close enough to Friday"s 6.29% to say rates are hovering at the lowest levels in more than a month. The sideways drift reflects uncertainty surrounding t...Read More | ||