Mortgage rates are holding steady today, after going up late last week

May 26, 2009

Daily Mortgage Updates

A&N Mortgage Logo26 May 2009 – Mortgage rates are holding steady today, after going up late last week. Tuesday morning the Nasdaq, Dow, and S&P are all up 2% or more. I would expect this to mean another jump up in mortgage rates, but what we expect and what actually happens these days aren?t always the same. It was big news this weekend that Fannie Mae and Freddie Mac are in trouble financially and organizationally. I honestly didn?t think this was news. They?ve never really been ?out of trouble.? Freddie is CEO-less, after having had a couple within a few years, and the CFO died of an apparent suicide not too long ago. Both agencies have been living on federally funded life support, but I don?t foresee the federal government letting them fail, being that helping clean up the mortgage and housing mess has been central in the Obama administration?s agenda.

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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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