Mortgage Rates Under 5% Going Bye Bye for Good?

June 10, 2009

Daily Mortgage Updates

A&N Mortgage Logo10 June 2009 ? Last Wednesday, and again on Monday, mortgage bonds have slipped terribly. Mortgage rates have jumped three times in the last two weeks. If you didn?t lock your 5% or less by now, you might be out of luck. After one severe swing, I was pretty optimistic that things would come back around. Short term, they did come back a bit, but after two more similar jumps, it?s a long way to go before we get back to where we were. Those holding out may have missed the boat. Crude oil (and gasoline) is up. The Dow is over 8700, the highest it?s been in some time. The courts have OK?d the sale of Chrysler to Fiat, and have OK?d Chrysler?s bid to cut US dealerships. And a House panel will subpoena the Fed over the Bank of America-Merrill deal, which still has everybody scratching their heads.

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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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