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Mortgage Rates Below Four Percent

Fixed-rate mortgages fell back near yearly lows again this week, lowering borrowing costs for home buyers and refinancers. The 30-year fixed-rate mortgage averaged 3.99 percent this week, Freddie Mac reports in its weekly mortgage market survey.

“If you are planning to buy a home in the next year, it’s better to do it sooner rather than later,” Frank Nothaft, Freddie Mac’s chief economist, said in the video commentary embedded here.

Freddie Mac reported the following national averages with mortgage rates for the week ending Nov. 20:

  • 30-year fixed-rate mortgages averaged 3.99 percent, with an average 0.5 point, dropping from last week’s 4.01 percent average. The 30-year fixed-rate mortgage dipped to 3.97 percent in mid-October, its lowest average so far this year.
  • 15-year fixed-rate mortgages averaged 3.17 percent, with an average 0.5 point, decreasing from last week’s 3.2 percent average. A year ago, 15-year rates averaged 3.27 percent.
  • 5-year hybrid adjustable-rate mortgages averaged 3.01 percent, with an average 0.5 point, falling slightly from last week’s 3.02 percent average. A year ago, 5-year ARMs averaged 2.95 percent.
  • 1-year ARMs averaged 2.44 percent, with an average 0.4 point, inching up slightly from last week’s 2.43 percent average. Last year at this time, 1-year ARMs averaged 2.61 percent.

Source: Freddie Mac

Fall & Winter Holidays = A Great Time to Buy or Sell

snowThis is one of the busiest Novembers for us, which is great. In our experience, the drop in temperatures and holiday preparations have not slowed down the local real estate market in the Chicago area. In the last couple weeks, five of Judy Glockler’s listings have gone under contract, with two-three more in the works.

For people looking to sell their home, most we know are not hesitating to show during the holiday time. It may be a busier-than-usual time for some, but keep in mind: if buyers are out looking now, chances are they are motivated to buy.

Check out this post on five reasons to sell your home during the holidays.

Orland Park – Holiday Light Recycling

Temperatures are supposed to increase this weekend, making it a good time to put up those holiday lights. When you’re testing out last year’s lights or lights you may already have and they don’t work – please recycle them.

Recycle your lights, from November 4 to February 16, at various locations throughout Orland Park, including the Franklin Loebe Center, Sportsplex and more. See below for details.

Orland Park light recyclingOrland Park light recycling2

Checklist: Nine Steps to Stress-Free Home-Buying

Are you a first-time home buyer? Or maybe it has been a while since you’ve bought a home. The process does not have to be stressful. Being prepared, organized and knowing next steps will help. LearnVest has a great checklist for those looking towards home ownership.

home with keysSTEP ONE: Before you even contact and Agent and start looking at properties, know what you can actually afford. You will need a loan pre-approval first (from a bank/lender showing your max purchase price, type of loan, etc.).

For more information on the loan process and to see the other steps to home buying, click here to go to LearnVest.

Five Reasons to Sell Your Home Over the Holidays


With the fall/winter holidays right around the corner, most people get busier. If you are thinking of selling, now may a great time. You may think it’s counter-intuitive to sell during the holidays or winter, but…

Here are 5 reasons why the holidays are the right time to sell your home:

– According to, interest rates are down to an 18-month low and buyers are taking advantage of these historically low rates.
– There is less competition from other sellers.
– Buyers may want to close quickly in order to move in before the holidays.
– Buyers who are looking now are serious about purchasing.
– Cozy holiday décor may make your home attractive to buyers.


(post originally shared by Lana Simon at Coldwell Banker)


Five Common First-Time Home Buyer Mistakes


1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Source: Real Estate Checklists and Systems,

Coldwell Banker Previews International – The Judy Glockler Group

Coldwell Banker Previews International logoAs one of the luxury real estate leaders for 80 years, the Coldwell Banker Previews International® program continues to leverage sophisticated real estate marketing tools and international connections that attract the most qualified luxury home buyers to your home. Enlist a Previews® Specialist, just as ourselves, to show you how our heritage and expertise can make a difference in your next sale or acquisition of a luxury home.

The Judy Glockler Group is a Previews Property Specialist, having received the Luxury Real Estate designation.

The Previews® program has a track record of being selected to represent some of the world’s most exquisite properties. In 2013, Coldwell Banker Previews International® Property Specialists sold four of the top six most expensive properties in the U.S. according to Forbes*: Casa Casuarina in Miami, FL and Le-Palaise – The Crescent Palace in Beverly Hills, CA.

Home Tip: Get a Home Inspection

Understand the home you are buying and any potential problems.

Some homeowners might be tempted to skip getting a home inspection because of cost or even timing. Today’s Home Tip of the Day, from Coldwell Banker corporate, explains why getting a home inspection is one of the most important steps in the home buying process.

Home inspections are usually conducted within a week of an accepted contract and item negotiations/repairs, if there are any, are done through the buyer and seller’s respective real estate attorneys. In addition to getting a regular home inspection, some buyers also choose to include a mold and radon inspection as well to protect themselves and those living in the property.