Daily Mortgage Update for 3/24/2009

March 24, 2009

Daily Mortgage Updates

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Mar. 24, 2009 – This week, mortgage rates have held pretty steady while the stock markets have been rebounding just a bit. However, today’s mortgage rates are still up slightly from the lows in late November and mid January. FHA mortgage rates are still slightly lower than conventional mortgage rates, but FHA has cut the maximum loan to value to 85% for cash out refinances, while maintaining 97.75% for rate and term refinances.

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About Neena Vlamis

Neena Vlamis, President and Co-founder of A & N Mortgage Services, enjoys a challenge. In particular, she and colleagues specialize in finding the best mortgage product for each of their home-buying customers. Whereas many financial institutions shy away from customers who have special financial needs, Neena and A & N boast a winning record with clients from all ends of the spectrum. Neena and the professionals at A and N succeed in home-financing scenarios as a result of their unparalleled commitment to providing honest advice, extensive breadth of personal finance knowledge vis-a-vis home ownership, and their power of being a mortgage bank and broker. These assets, in combination, have built A & N Mortgage Services into the premier originator of residential home loans in the Chicagoland area. Neena Vlamis and A and N Mortgage will identify the optimal financial product and strategy for your specific homeownership need. You can contact her at neenav@aandnmortgage.com or 773-305-LOAN.

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