Mortgage Rate Lock Advice for Chicago and Oak Park - 7/7 (No Change)

Mortgage and Lending with Chicago Bancorp

Short-term - LOCK as there is no longer a benefit in floating your mortgage rate this close to closing. If you are closing in 7 - 15 days, I would consider FLOATING, but mortgage markets are trending toward repricing at higher lending rates.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates

 Click here if you would like to know more or want to talk about your individual needs


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Illinois Cook County Chicago
mortgage rates
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