Chicagoland Valuation Group Inc
Chicago & suburbs
 About UsChicagoland's #1 source for Certified Residential Appraisals!! As certified appraisers, we possess the extensive know-how and qualifications to give you the level of credible property value opinions that government agencies, private parties, banks and major lending institutions require. With years of expertise behind us, we're more than ready to accept assignments pertaining to virtually any type of property. Considering today’s high-regulation environment, our independence, including from real estate brokerage firms, makes your life easier and provides a superior product. |
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| Mortgage Rates Unchanged to Start The Week | ||
| 9/8/2026 2:09 PM | ||
| Top tier 30yr fixed mortgage rates started the week right where they were on Friday for the average lender. At 6.89%, we"re just a hair below the highest mark since June 2025. In general, rates have been increasing steadily since the Iran war ceasefire ended with the uptick frequently correlating with higher fuel prices. Today"s "unchanged" rates ...Read More | ||
| Rates Only Slightly Higher Despite Strong Jobs Report | ||
| 9/4/2026 1:49 PM | ||
| Mortgage rates have a long and storied past with the monthly jobs report. Officially titled "The Employment Situation," the Bureau of Labor Statistics" (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the past few years, but i...Read More | ||
| Mortgage Rates Drop to Week"s Best Levels | ||
| 9/3/2026 2:59 PM | ||
| Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from Fed Governor Chris Waller who said that it wouldn"t be necessary to hike rates at the next meeting unless inflation data surprises to the upside. Before tha...Read More | ||
| Mortgage Rates Approaching 7% | ||
| 9/2/2026 2:08 PM | ||
| First things first: when we reference average, daily, top-tier 30yr fixed rates, it is for an ideal scenario that rarely exists in the wild. The average scenario will always involve slightly higher effective rates (i.e. even if the rate is the same as national averages, it would involve additional upfront costs). As a reminder, our daily rate inde...Read More | ||
| Mortgage Rates Pushing New Long-Term Highs | ||
| 9/1/2026 3:02 PM | ||
| Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern during the Iran war as higher oil prices imply higher inflation which, in turn, implies higher yields/rates. Yesterday"s average top-tier 30yr fixed rate hit the highest levels since June 2025. Today...Read More | ||
| Highest Mortgage Rates in Over a Year, But Just Barely | ||
| 8/31/2026 3:02 PM | ||
| Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgage rates were already fairly close to longer-term highs last week. Today"s increase was just enough to nudge the average top-tier 30yr fixed rate to 6.87%--th...Read More | ||
| Mortgage Rates Jump to 3-Week Highs After Jackson Hole Speech | ||
| 8/28/2026 1:45 PM | ||
| Jackson Hole is a place in Wyoming, but it"s also shorthand for an annual event where various central bankers get together and talk about monetary policy. The Fed Chair almost always delivers a speech and that speech occasionally causes volatility in the bond market. This year was a classic example. Fed Chair Warsh"s speech focused on inflation re...Read More | ||
| Mortgage Rates Hold Fairly Steady | ||
| 8/27/2026 2:45 PM | ||
| Mortgage rates barely budged again on Thursday, but there was far less data to digest compared to Wednesday. Bonds (which dictate rates) were steady to slightly weaker. The "weaker" part connotes higher rates, but the weakness was late in the day and too small for most mortgage lenders to do anything about it. What does that mean? Unlike the actu...Read More | ||
| Mortgage Rates Lower or Higher, Depending on When You Look | ||
| 8/26/2026 2:29 PM | ||
| Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day"s first rates based on bond market prices around 9:30-10:00am ET, but things can change if bonds move enough. Yesterday, bonds improved enough in the afternoon for many lenders to offer lower rates. If we compare...Read More | ||
| Mortgage Rates Follow Oil Prices Lower | ||
| 8/25/2026 2:41 PM | ||
| Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields correlate with mortgage rates. When yields are fal...Read More | ||