Today’s 30-Year Fixed Mortgage Rate Is Approximately 5.25%

August 13, 2009

Daily Mortgage Updates

A&N Mortgage Logo13 August 2009 ? The bond market is currently up 19 bps today, however volatility looms with the Treasury auction later today. The retail sales numbers came in lower than expected -.1% versus .8%. Also initial jobless claims number soured the stock markets which both reports helped to push bonds higher. The initial jobless claim number was expected to be 545,000 but came in at 558,000. This is better than the 22 weeks of more than 600,000 which was reported. We have now had three successive weeks under 600,000, but have people found jobs or have they fell off the extended claims benefit?the opinion is the latter has happened.
The Dow is currently up 18. The current 30 year fixed is approximately 5.25%.

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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, 773-305-7016, or 773-848-4144.

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