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 Plummet Back to Fall 2024 Levels | ||
| 9/5/2025 10:51 AM | ||
| It"s a well-known fact that the monthly jobs report is more capable of causing big reactions in rates than any other economic data. It happened last month in grand fashion, and it is happening again this morning. Nonfarm Payrolls (NFP), which is a count of new jobs created, came in at a mere 22k for August versus a median forecast of 75k. Th...Read More | ||
| Mortgage Rates Hit Another 2025 Low Ahead of a Potentially Volatile Friday | ||
| 9/4/2025 2:22 PM | ||
| The jobs report is the most important scheduled event each month as far as interest rates are concerned. The last installment helped get the average 30yr fixed rate down from 6.75 to 6.50 because it came out much weaker than expected (in addition to revising the previous two months lower as well). The shift in the labor market outlook led the mark...Read More | ||
| Mortgage Rates Officially Hit 11-Month Low | ||
| 9/3/2025 2:42 PM | ||
| October 3rd is a date that has come up many times in the past month of mortgage rate coverage. That"s because there"s been a veritable chasm between the rates on that day and every other day since then. Why? October 4th"s jobs report caused an uncommonly large rate spike with the 30yr fixed average moving from 6.26 to 6.53 in a single day. An...Read More | ||
| Mortgage Rates Slightly Higher to Start September | ||
| 9/2/2025 2:57 PM | ||
| Mortgage rates are based on bonds and bonds can do funny things on the first and last trading days of any given month. One of the most common "funny things" involves a decent amount of market movement for no apparent reason. In truth, there are always reasons, but on the first/last trading day of the month, they aren"t the normal reasons (such as a...Read More | ||
| Rates End Week at Best Levels; Next Week Could be Huge | ||
| 8/29/2025 1:30 PM | ||
| It was a very slow and steady week for mortgage rates. On all 5 days, the average top tier 30yr fixed rate moved by 0.02% or less. This is a small enough change that the average borrower wouldn"t see any detectable difference in a loan quote from one day to the next. But due to most of the changes being toward lower rates, Thursday and Friday...Read More | ||
| 30yr Fixed Rates Officially Back to 6.50% | ||
| 8/28/2025 2:15 PM | ||
| There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order to routinely monitor the probable going rate. The longest-standing weekly survey from Freddie Mac was updated today and, while it showed a decl...Read More | ||
| Mortgage Rates Hit Another 2025 Low | ||
| 8/27/2025 2:44 PM | ||
| It continues to be the case that day-to-day changes in average mortgage rates are very small. Today was no exception in that regard. Nonetheless, today represents a technical "record low" for 2025 with average rates edging just slightly lower than those seen on August 22nd and 26th. Our index (which tracks top tier, conventional 30yr fixed rates f...Read More | ||
| Mortgage Rates Back in Line With Long-Term Lows | ||
| 8/26/2025 4:15 PM | ||
| Mortgage rates tend to move at least a little every day although they haven"t been moving too much in the bigger picture recently. The only truly memorable move int he past few months occurred after the August 1st jobs report. It resulted in a 2-day drop from 6.75% to 6.57%. The next closest contender was last Friday"s reaction to Fed Chair ...Read More | ||
| Mortgage Rates Edge Slightly Higher From Long-Term Lows | ||
| 8/25/2025 2:50 PM | ||
| After last week"s Jackson Hole speech from Fed Chair Powell, rates fell to their lowest levels since October 3rd, 2024, narrowly surpassing the recent long-term low seen on August 13th. Powell tacitly suggested a stronger possibility of a September Fed rate cut due to growing concerns about the labor market. Now today, the market corrected mildly ...Read More | ||
| Lowest Rates of The Year (Barely) After Powell Speech | ||
| 8/22/2025 2:15 PM | ||
| Heading into the week, Fed Chair Powell"s speech at the Fed"s annual Jackson Hole Symposium was only event on the calendar that held much promise for motivating any major movement in mortgage rates. Not only did it deliver on that promise, but it did so in everyone"s favorite direction. Powell didn"t pivot too much from his last major speech on Ju...Read More | ||