Today’s Mortgage Rates at All Time Lows

October 5, 2009

Daily Mortgage Updates

A&N Mortgage Logo5 October 2009 ? Today the bonds opened up 9bps and they have rallied most of last week to bring mortgage rates to previous all time lows once again. If you are interested in refinancing, now would be the ideal time to contact your mortgage professional. The economic news has not been so great over the past week with a variety of reports confirming that a recovery to this recession will be quite long way off. The housing market will have to stabilize and the unemployment is a huge concern. Take advantage of this situation, as potential buyers or someone who has not reviewed their mortgage situation as now is the lowest the rates have ever been!

RATES:

  • 30Yr Fx 4.625% (APR 4.662)
  • 15Yr Fx 4.25% (APR 4.314)
  • 5/1ARM 3.75% (APR 3.618)
  • 7/1ARM 4.25% (APR 3.886)
  • 10/1ARM 4.25% (APR 3.999)
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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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