Inflation Jitters Impacting Today’s Mortgage Rates

July 14, 2009

Daily Mortgage Updates

A&N Mortgage Logo14 July 2009 ? Today the mortgage bonds opened up down 19bps. They are currently (1:00 p.m.) down 28bps in part because of a higher than expected wholesale inflation reading. The concern is that this may?emphasis on may?lead to inflation but that would take some time to determine. However bonds typically will react negatively to any indicating factors of inflation. Tomorrow?s Consumer?s Price Index (CPI) will give us a better idea of the impact of inflation to the consumer and could lead to the FED hiking the FED Funds Rate. We will be monitoring this reading closely tomorrow as mortgage rates could spike up and when they start to rise they typically do so quickly.

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About Chris DePaepe

Chris is a lifelong Chicagoan who was born and raised on the Northwest side. She has a business degree from Rosary College in River Forest and a MBA in finance from DePaul University. She has been in the mortgage industry since July of 1996 and understands the importance of educating clients about the process of purchasing or refinancing a home. Chris?s education and customer service separates her from her competition, from taking an application at 11 p.m. to doing a closing in the convenience of your home, customer service is her #1 priority! With her extensive financial education she is able to pass along critical information to potential clients about mortgage interest and the differences between a 30, 25, 20 and 15 year loan. Chris will run every amortization chart and spend a great deal of time explaining the savings on your mortgage interest by showing actual examples. Also, most first time buyers do not understand the tax advantage of owning a home and she will break that down and show the actual tax advantage of owning a home versus renting. Chris prides herself on taking the time to fully educate every buyer so they are aware of the process from the beginning to the end without any surprises. Whether you are looking to refinance or purchase a home, understanding today?s market is extremely important to getting your loan approved. You can contact Chris 24/7 at chrisd@aandnmortgage.com, 773-305-7016, or 773-848-4144.

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