Mortgage Rates Just Dropped. Should You Buy or Wait?

What’s actually happening with Chicago mortgages right now — and how should Chicago buyers think about financing in 2026?Today I sit down with my trusted lending partner, Dan Gjeldum, to break down what’s really happening in the Chicago real estate market this spring — from mortgage rates under 6% to appraisal waivers, ARM products, refinancing strategy, and how to compete in multiple-offer situations.If you’re a Chicago homebuyer, especially a first-time homebuyer, this conversation is essential. We’re cutting through the noise and giving you real-world strategy for navigating Chicago real estate in a competitive, low-inventory environment.What We Cover in This Chicago Mortgage & Market Update✔️ Where Mortgage Rates Stand in 2026✔️ Should Chicago Buyers Keep Waiting?✔️ Cash Offers Subject to Financing✔️ Appraisal Gaps & Appraisal Waivers✔️ Are ARM Loans Making a Comeback?✔️ Refinancing Strategy for Chicago Homeowners✔️ New Fed Chair & Market ImpactMeet Amanda McMillan – Your Chicago Real Estate StrategistAmanda is the #1 producing agent in the @properties Christie’s International Real Estate Bucktown office and a data-driven advocate for Chicago buyers and sellers. She combines hyper-local market expertise with strategic lending partnerships to help clients compete confidently in one of the most nuanced urban markets in the country.CHICAGO REAL ESTATE ACCOLADES:✔ Top 1% of Chicago REALTORS® for closed volume & transactions (2006–2025)✔ $50M+ in annual Chicago home sales✔ 200+ 5-star reviews across Zillow, Google, Yelp & moreLooking beyond Chicago? As part of the Christie’s International Real Estate network, Amanda helps clients buy, sell, and invest nationally and globally.🔔 Subscribe for straight-talk advice on Chicago real estate, Chicago mortgages, and smart homebuying strategy.