mortgage lock advice: Chicago and Oak Park Mortgage Rates Unchanged - 8/18 - 08/18/10 03:16 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK if less than 7 days, FLOAT 15 - 30 days
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
Please note that rates were flat … (0 comments)

mortgage lock advice: Chicago and Oak Park Mortgage Rates Ticking Up Today - 8/17 - 08/17/10 05:04 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK if less than 7 days, FLOAT 15 - 30 days
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
Please note that rates were trending upward … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/16 - 08/16/10 03:38 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - FLOAT
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
Please note that rates were trending downward at the time of writing this post
(0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/13 - 08/13/10 05:44 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK, but FLOAT if 7 - 15 days from close.
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
(0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 8/12 - 08/12/10 04:14 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK, but FLOAT if 7 - 15 days from close.
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
(0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 8/11 (No Change) - 08/11/10 03:26 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - FLOAT 
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
(0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/10 - 08/10/10 06:23 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - FLOAT 
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
(0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/9 - 08/09/10 03:37 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - FLOAT 
Long-term - FLOAT
Click here if you want to know the rates for your individual situation or have a lending need
 
(0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/6 - 08/06/10 07:26 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - FLOAT as employment numbers were disappointing, which has opened the opportunity to secure a better rate.
Long-term - FLOAT but markets could begin to shift and you should be ready if they do.  I would keep vigilant over the … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 8/5 (No Change) - 08/05/10 03:30 AM

Re-blogged by 0 agents

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK  If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period, much will depend on employment numbers … (0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 8/4 (No Change) - 08/04/10 04:56 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK  If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period.
Long-term - FLOAT but markets could begin to shift and you … (0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 8/3 - 08/03/10 03:48 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK  If closing in more than 15 days, however, I still recommend FLOATING, but the odds are against securing a lower rate in this period.
Long-term - FLOAT but markets could begin to shift and you … (0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 8/2 - 08/02/10 03:33 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as equities markets are responding very favorably to economic news out of Europe.  If closing in more than 15 days, however, I still recommend FLOATING, but the market is losing momentum and there is increasing … (0 comments)

mortgage lock advice: Mortgage Rates Remain Extremely Low - 07/30/10 02:48 AM
As I look back over this and the last few weeks from a rate perspective, I think of the French saying "plus ça change, plus c'est la même chose."  It says that the more things change, the more they stay the same and this sentiment definitely applies for mortgage rates.  In short, rates remained extremely low throughout the week with no discernable change.
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(0 comments)

mortgage lock advice: Rate Lock Advice for Chicago and Oak Park - 7/29 - 07/29/10 03:14 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as there is increasingly less chance of securing a better rate.  If closing in more than 15 days, however, I still recommend FLOATING, but the market is losing momentum and there is increasing risk of rates … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 7/28 - 07/28/10 03:17 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as the risk outweighs the benefit.  If closing in more than 15 days, however, I still recommend FLOATING, but keeping a very watchful eye on the market as it has been tumultuous lately.
Long-term - FLOAT … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 7/27 (No Change) - 07/27/10 03:23 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as the risk outweighs the benefit.  If closing in more than 15 days, however, I still recommend FLOATING, but keeping a very watchful eye on the market as it has been tumultuous lately.
Long-term - FLOAT … (1 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 7/26 - 07/26/10 03:42 AM

Are you currently in the process of buying a home or refinancing in Chicago or vicinity?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as the risk outweighs the benefit.  If closing in more than 15 days, however, I still recommend FLOATING, but keeping a very watchful eye on the market as it has been tumultuous lately.
Long-term - FLOAT … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 7/23 - 07/23/10 04:21 AM

Are you currently in the process of buying a home or refinancing?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as the credit situation in Europe may be better than expected with favorable results from stress tests.  If closing in more than 15 days, however, I still recommend FLOATING, but keeping a very watchful eye on the market as … (0 comments)

mortgage lock advice: Mortgage Rate Lock Advice for Chicago and Oak Park - 7/22 - 07/22/10 03:40 AM

Are you currently in the process of buying a home or refinancing?  Trying to decide when to lock can be a stressful and difficult decision.  In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible.  Please see my recommendations below.
Short-term - LOCK as equities are still on a tear fueled by favorable earnings reports.  The risk in this window is too great for the reward. If closing in more than 15 days, however, I still recommend FLOATING, but keeping a very watchful eye … (0 comments)

 
Doug Katz (Chicago Bancorp)

Doug Katz

Oak Park, IL

More about me…

Chicago Bancorp

Address: 300 North Elizabeth, Suite 3E, Chicago, IL, 60607

Office: (312) 738-6079

Mobile: (708) 829-1336



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