Today’s Mortgage Bonds Up Slightly

July 20, 2009

Daily Mortgage Updates

A&N Mortgage Logo20 July 2009 ? Today the mortgage backed bonds opened down 6bps and continued to trend down before finally rebounding. They are currently (2 p.m.) up 13bps, which is an improvement of 31bps for the day. Again we are watching closely as the market may improve or at least hold steady during the next four days. We will be watching quarterly returns as well as news that will impact the stock market. When the stock market is making gains, the bond market typically is impacted in a negative manner. Also, as a consumer, if you are purchasing in the city of Chicago, there are programs that are available if your income is under $105,000.

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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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