BLOG

Chicago Real Estate Buying Power Higher with Low Rates

Date : July 20, 2012

Chicago Home Mortgage Rates Lower - Find a Bucktown CondoAre you aware that this week’s mortgage rates are amazingly low? Yesterday’s updated survey by Freddie Mac actually showed the 30 year fixed rate mortgage average as coming in at 3.53%!

With a fifteen year fixed rate mortgage at just 2.83% and adjustable mortgage rates at historic lows, you may want to take a second look at Chicago real estate. Adjustable rates are only 2.69%. See the actual loan statistics in the graphic above.

At Sergio and Banks Realty, we have some fantastic properties listed and would love to show you how they can be yours. Reduced mortgage rates allow you more buying power and we’d love to help you find your next Chicago home. If you are looking for real estate in Bucktown or a home in Gold Coast or Streeterville, we have some beautiful new construction to show you!

Give us a call so we can show you Chicago investment properties and luxury homes and help you take advantage of these historic low mortgage rates. If you want to sell your Chicago home, be aware that buying power is also higher with the reduced rates. Call our Bucktown office at 773.235.6100 to ask about current Chicago real estate trends or to have us refer you to a trusted lender.

Leave a Reply

Your email address will not be published. Required fields are marked *