Mortgage Rates Going Up Again

June 3, 2009

Daily Mortgage Updates

A&N Mortgage Logo03 June 2009 – Monday afternoon was a blood bath with the mortgage bonds again, plummeting over 180 bps, and sending mortgage rates up again. Should you lock a rate?…read my post on the subject first. They have crept downward a little Tuesday and Wednesday, but not to where they were. The stock market is down slightly Wednesday morning, but still above 8600, so it has been creeping upward in the right direction. GM has filed for bankruptcy on Monday, but both GM and Chrysler face scrutiny in the Senate for dealer closings. Fed Chairman Bernacke said that rising US Ddbt was contributing to the spike in interest rates, but didn?t give any indication as to whether they would buy up more mortgage bonds to try to offset the rates.

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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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