Archive for February 2021

Mortgage Rates and Treasury Yields Jump Amid Rising Inflation Concerns

Mortgage Rates and Treasury Yields Jump Amid Rising Inflation Concerns

So much has been written and said about the stock market lately, but the actual economy itself has gone somewhat overlooked. Even with all the information about mortgages available at your finger tips, you still need to pay attention to interest rates, the key metric for determining the health of the economy. 

30-year US mortgage rates, on average, hit 2.99% this past Friday, having hit an all-time low of 2.8% back on February 10th. On Monday it climbed up to 3.04% according to Bankrate, and this has many market experts believing it's going to stay north of 3% moving forward.  That's still very low, even if it starts hovering near 4%, it would still be rather low, as far as mortgage rates go historically. ...

Chicago Small Businesses Apply for the Third Round of PPP Loans

Chicago Small Businesses Apply for the Third Round of PPP Loans
It feels like years ago that we were hoping to get past the COVID-19 pandemic by Easter. Back at that time, even those with the most pessimistic view assumed that we’d be back to some sense of normalcy by the end of 2020. Yet here we are, midway through the second month of 2021, and while vaccines are being rolled out, it will still be a few months, at least,  before life gets closer to normal. Even when the U.S. has vaccinated enough of the population to achieve herd immunity, normal life will still not immediately return. The rest of the world is on its way to recovery, but some countries will take longer than others. In our globalized age, we cannot fully consider the current crisis over until we can live the kind of international lives that many of us had previously lived before the pandemic began...