In the News

If you’ve been watching mortgage rates closely, here’s the latest: the 30-year fixed rate is sitting at approximately 6.20% as of May 2, 2026, according to Norada Real Estate. That’s higher than we saw earlier this year, but still within the range many economists expected for this spring season. For buyers in the Chicagoland area…

Earlier this spring, housing market optimists were predicting a strong summer rebound. Mortgage rates had drifted lower, home prices were easing in many areas, and buyers who had been sitting on the sidelines were showing signs of life. But according to Business Insider, that anticipated rebound has faced some real headwinds — rising rates tied…

Nadia Evangelou, Senior Economist and Director of Real Estate Research at the National Association of Realtors, is projecting that mortgage rates will hover around 6.4% to 6.5% in May 2026. Other analysts, including those cited by CBS News, see rates staying range-bound between 6.2% and 6.4% with a slight downward bias — but all agree:…

While much of the national housing conversation has focused on affordability challenges, there’s a meaningful positive data point worth highlighting: pending home sales have rebounded, according to recent NAR market intelligence. Pending sales — contracts signed but not yet closed — are a leading indicator of where the market is heading. A rebound in pending…