Morning Minute: Mortgage rates reverse recent upward trend

Fixed mortgage rates that had been climbing in recent weeks, pulled back this week averaging 3.59 percent for a 30-year mortgage and 2.86 percent for a 15-year mortgage, Freddie Mac reported today. Despite some deceleration in overall economic activity, the housing market continued to show improvement over the past few months, said Frank Nothaft, vice president and chief economist for Freddie Mac.

In other news:

Illinois Attorney General announces $4.7 million grant for legal assistance for struggling Chicago and Cook County homeownersChicago Sun-Times

Report shows foreclosure settlement’s early reachChicago Tribune

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.