Markets Up…Mortgage Rates Likely to Follow

April 29, 2009

Daily Mortgage Updates

A&N Mortgage Logo29 April 2009 – The stock markets are up Wednesday morning, which would likely lead to higher mortgage interest rates, even though the U.S. economy shrank more than expected the first quarter of this year.

It looks like Bank of America CEO Kenneth Lewis may likely lose his chairman position as shareholders chime in their votes.

A lot of press has been given to the governments ?stress test? for banks, even though this is something that has been done on a regular basis to help the FDIC prepare to shell out for troubled banks.

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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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