Buying a new Chicago condo should never be taken as a light investment, but securing the right kind of financing can go a long way toward improving your quality of life in your beautiful new residence before you even before you make the move.
Chicago Condo Mortgage Rate Trends
The Chicago real estate market as a whole has taken off significantly over the past year, with rising median prices and sales showing a strong market that is being supported by rampant demand among interested buyers. Also helping buyers and sellers complete the deal for the past several years has been relatively to ultra-low long-term mortgage interest rates. However, that trend has fallen off since about May 2013 and looks to have disappeared completely.
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