It's been a crazy couple of weeks. The dollar is plummeting. Normally, this will cause mortgage rates to jump and jump quickly.
We've had good economic news. The economy is growing, housing is exceeding expectations, and banks are beginning to sound optimistic again. That should have caused rates to jump and jump fast.
Right now, the U.S. economy is the best option among a lot of bad options for investors. Add to it a mini-AIG in Dubai last week, investment here looks great. This is helping keep Chicago mortgage rates low...for now.
When they reverse, it'll probably be a big one. Check out Chicago mortgage rates today. These are now at all-time lows.
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