Are you currently in the process of buying a home or refinancing in Chicago or vicinity? Trying to decide when to lock can be a stressful and difficult decision. In my job as a mortgage lender, I watch the markets daily to keep my clients abreast of changes to assist them in securing the best mortgage rate possible. Please see my recommendations below.

If closing your Chicago mortgage in:

  • 5-7 Days: I recommend LOCKING
  • 7-15 Days: I recommend LOCKING
  • 15 + Days: I recommend LOCKING

The week ahead for economic data that can affect mortgage interest rates:


  • December Consumer Credit


  • $32 Billion 3-year Treasury Auction


  • MBA Weekly Mortgage Applications
  • $24 Billion 10-year Treasury Auction


  • Weekly Jobless Claims
  • December Wholesale Inventories
  • $16 Billion 30-year Treasury Auction
  • January Treasury Budget


  • December Trade Balance
  • University of Michigan Mid-Month Consumer Sentiment