Today’s Mortgage Rates Are Rising Due to Pressure On Bond Market

August 21, 2009

Daily Mortgage Updates

A&N Mortgage Logo21 August 2009 ? Bonds opened up 3 bps today but quickly turned South and are now down 41 bps which is a change down of 44bps. The stock market is rallying on the news of existing home sales being 5.2 million versus the 5.0 million that was expected. Bonds are under a lot of pressure right now and the 30-year rate has increased slightly to 5.125%. The announcement of $110 billion in Treasury auctions next week is not helping the bond market!

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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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