The average long-term U.S. mortgage rate has increased for the fourth straight week, reaching its highest level in a year. This presents a challenge for potential homebuyers facing higher borrowing costs. According to Freddie Mac, the 30-year fixed-rate mortgage rose to 6.66% from 6.58% the previous week. A year ago, the figure was 6.72%. Higher...
Mortgage rates have remained above 6% for much of 2026, recently averaging around 6.5%. Although not the highest in recent years, these rates still pose challenges for homebuyers. For example, with an average rate of 6.625%, a median-priced home of $403,200 results in a monthly payment nearing $2,600 over 30 years. Federal rate cuts are...
Former Chicago Bulls guard Ayo Dosunmu has put his newly constructed home in Wicker Park on the market. This contemporary-style, six-bedroom residence spans 4,716 square feet. The property is listed for $2.35 million.
The average long-term mortgage rate in the U.S. increased this week, reaching its highest point in almost a year. The 30-year fixed-rate mortgage, a standard lending benchmark, rose to 6.55% from 6.49% the previous week, according to Freddie Mac on Thursday. A year ago, the same rate was 6.75%. Higher mortgage rates can significantly raise...
Despite ongoing increases in U.S. home prices that reached a record in June, certain areas in the country present favorable conditions for buyers. In Miami, Florida, buyers significantly outnumber sellers, with the number of sellers rising by about 140 percent compared to buyers in June based on Redfin’s data. Miami is the leading buyer’s market...
Located at 130 S. Canal St., No. 425-426, Chicago, this luxurious two-bedroom residence is on the market for $1,000,000. The property boasts distinctive features and modern amenities that make it an attractive choice for prospective homeowners. Interior Highlights The home includes two full bathrooms and impressive 12-foot ceilings. Wide-plank oak hardwood floors extend throughout, adding...
Clint Jones, known for co-founding GoHealth Inc., has decided to sell an impressive property in Lincoln Park. The mansion, measuring 8,200 square feet, is listed for $5.75 million. This luxurious residence is situated in a desirable neighborhood, reflecting the couple’s taste for elegance and comfort. Jones, who previously served as CEO of the Chicago-based company,...
Purchasing a home is currently a challenging endeavor, with many financial hurdles for prospective buyers. Mortgage rates are near 6.5%, home prices remain high, and inflation at 4.2% adds pressure to household budgets. These conditions impact those earning around $75,000 annually, a middle-class income once offering broader home buying options. Today’s borrowing environment alters affordability....
The site that was once home to Spring Hill Mall in West Dundee is set for transformation. The West Dundee Village Board received proposals for new housing, retail, entertainment, and civic spaces. Tim Scott, the village’s economic development director, collaborated with Houseal Lavigne Associates, an urban planning firm from Chicago, to present development options. Concepts...
Stunning Five-Bedroom Home Listed in Naperville This exquisite home located at 849 E. Hillside Road, Naperville, is now on the market for $2,550,000. Listed on May 27, 2026, the property offers five bedrooms and 5½ baths, situated in the desirable East Highlands subdivision. Exquisite Features and Amenities The exterior showcases a blend of stucco and...