Today’s Mortgage Rates Hoving in the 4.875% to 5.125% Range

August 19, 2009

Daily Mortgage Updates

A&N Mortgage Logo19 August 2009 ? The bond market opened today up 9bps and sharply improved. However, bonds quickly retreated as the stock market staged a rally. The Dow is up 79 points, which has pressured the bond market. While bonds are currently up 18 bps, that is a drop of 10 to 16 bps. There is definitely a lot of volatility, however rates are hovering at the 4.875% to 5.125% for the 30 year fixed. There is a Treasury Auction tomorrow which we will be watching closely to see how the bond market will react. If the auction does not go well, this could cause a slight increase in the mortgage rates. Rates overall are very good right now, with the home prices and $8,000 credit it is an excellent time to buy!

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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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