Today’s Best Mortgage Rates Continue at 4.875% to 5.25%

July 13, 2009

Daily Mortgage Updates

A&N Mortgage Logo13 July 2009 ? Today mortgage-backed bonds opened down 6bps and are currently down 9bps. There has not been much volatility today with the bond market, but everyone is holding their breath for the earnings to come out which I had mentioned in last week’s daily update. We are in a holding pattern to see what the earnings will be?if they are positive the stock market may rally, which will negatively impact the bond market and mortgage rates may rise slightly. If earnings are not as good as expected, we may see the opposite with investors seeking the safety of bonds and rates may continue to go lower. So the waiting game continues right now. Stocks are up nicely today with the Dow Jones up 121.

The 30 year rate continues to be 4.875% to 5.25%. Also, for consumers who may not be in their homes too long you should always consider the 10/1 Arm.

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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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  1. Today’s Mortgage Rates Are 5.25% to 5.375% for Most Buyers | The Chicago 77 - July 15, 2009

    […] rates. This is the 3rd straight day that we have seen the bond market drop and as I mentioned in Monday?s update there was some news that would affect the bond market. The predictions were that bonds would get […]