Thursday Afternoon and Friday Morning Mortgage Rates Were Up Somewhat Sharply

May 22, 2009

Daily Mortgage Updates

A&N Mortgage Logo 22 May 2009 – Yesterday Great Britain got its AAA credit rating downgraded for the first time, sending investors on a selling spree. There is concern that the same thing might happen in US. Stocks, bonds, T-notes, the US dollar are all down, which is unusual to have everything drop at once. So, Thursday afternoon and Friday morning mortgage rates were up somewhat sharply. However, I don?t see this as reason to panic, as this sort of knee-jerk reaction has become somewhat common lately. Slowly, or quickly, things are likely to come back around. Happy Memorial Day weekend to all! Don?t forget to thank a soldier for our freedom.

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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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