Today’s Mortgage Rates Under 5 Percent for Well Qualified

September 17, 2009

Daily Mortgage Updates

A&N Mortgage Logo17 September 2009 ? Today the bond market opened up 25bps. It has kept going strong and currently is up 41bps. Housing starts for August rose to 598,000, which is better than the 583,000 that was expected. It’s the highest number of starts since last November. We are not out of the woods yet, however this may suggest that the worst is over. Initial jobless claims were 545,000. This is lower than expected, however it’s still a huge number and concerning. A number that would be more encouraging would be jobless claims to come in around 350,000 to 400,000.
The year rate is at 4.875% (apr 4.909) and the 15 year rate is at 4.375% (apr 4.433).

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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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