Market Conditions: Will 5% 30-Year Average Mortgage Rates Impact the Chicago Market?
We’ve been chattering about the possibility of 5% average mortgage rates for years here on Crib Chatter. Every time the rates have gotten close, they have retreated…until now. For the first time since 2011, 30-year average mortgage rates have hit 5%. Just a reminder, but in August, the average 30-year fixed mortgage rate was 4.55% […]