Author Archives | Chris DePaepe

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.

Todays Mortgage Rates Are Incredibly Good, at 4.75% for Well Qualified Buyers

Written by: - September 30, 2009

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30 September 2009 ? The monthly ADP Report, which gives us a look at the private sector job market showed private employers cut 254,000 jobs in September, worse than the 200,000 which was expected. This release, as I have mentioned in the past, does not always match up with the Labor Department?s official Jobs Report, […]

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Slow Day Due to Yom Kippur?Today’s Mortgage Rates Holding Steady Below 5 Percent

Written by: - September 28, 2009

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28 September 2009 ? The mortgage bonds were down 12bps this morning, but are currently up 12bps. Trading has been light today because of the high Jewish holy day of Yom Kippur. There are no economic reports today and there are no Treasury auctions scheduled for this week. Friday the Jobs Report will be released […]

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Today’s Mortgage Rates Impacted by Durable Goods Order Numbers and Consumer Sentiment

Written by: - September 25, 2009

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25 September 2009 ? Today the bond market opened up 3bps and continued to improve and is currently at 15bps. Durable Goods Orders for August unexpectedly fell 2.4% for the largest decline since January. This was a big miss from projections, as mentioned in previous updates, the increase in orders may have been inventories falling […]

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Despite Volitility, Today’s Mortgage Rate Still Below 5 Percent

Written by: - September 24, 2009

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24 September 2009 ? Mortgage bonds are higher this morning after the bonds had an extremely volatile day yesterday. The overall effect on bonds for yesterday were a light drop, which was a result of the poor treasury auction as I mentioned in Monday?s update. The bonds recovered when the Fed statement was released and […]

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Middle East, T-Bill Sale, and Stock Market Boosting Bonds Influencing Today’s Mortgage Rates

Written by: - September 21, 2009

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21 September 2009 ? Today the bond market opened up 16 bps and we are currently up 22 bps. Stocks are down 50 points, which is giving the bond market a lift today. Further weighing on stocks is the increasing tension in the Middle East. If fighting were to break out between Israel and Iran, […]

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Today’s Mortgage Rates Under 5 Percent for Well Qualified

Written by: - September 17, 2009

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17 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 […]

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Today’s Mortgage Rates Hover at 5%. Inflation Concerns Rising.

Written by: - September 15, 2009

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15 September 2009 ? Mortgage Bonds opened down 28 bps. They are currently down 6bps as a result of some economic reports today. The bonds have been affected by much higher than expected wholesale prices, which can be a sign of inflation. The Producer Price Index (PPI…a measurement of inflation) rose 1.7% at the wholesale […]

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Mortgage Rates May Improve Based on 30-year Bond Auction

Written by: - September 10, 2009

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10 September 2009 ? The bond market is enjoying a nice rally right now and we should see rates improve this afternoon this is due to today?s $12 billion 30-year bond auction. The auction received an A+ rating from CNBC?s Rick Santelli. No major reports are due out again until Tuesday, September 15th which is […]

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Today’s Mortgage Rates Solidly Below 5% for Well Qualified Buyers

Written by: - September 8, 2009

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08 September 2009 ? Today the bonds opened up 3bps and continued to improve. The 3-year Treasury notes of $38 billion went to auction and were a huge success with an ?A? Grade. This gave a boost to the bond market and we are now up 22bps. Stocks tried to rally this morning and that […]

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Today’s Mortgage Rates Impacted by Unimployment Rates and Jobs Data

Written by: - September 4, 2009

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04 September 2009 ? Today the bonds opened down 3bps and have continued to slide this afternoon. We are down 25bps. The unemployment figure jumped to 9.7%, which is up from 9.4% as expected. The unemployment rate has doubled since the beginning of the recession in 2007. The job losses were reported at 216,000 versus […]

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Thanksgiving Holiday May Cause Problems for First-Time-Buyer Tax Credit

Written by: - September 4, 2009

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Thanksgiving Holiday May Cause Problems for First-Time-Buyer Tax Credit

The first-time-buyer tax credit of $8,000 is scheduled to end effective December 1st, 2009, however the transaction must close by November 30th, 2009. This will impact both real estate agents and first time buyers. Realtors┬« and buyers may not realize the month of November is notoriously slow for underwriting as many companies are working at […]

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Today’s Mortgage Rates Holding in the 4s for Well Qualified Buyers

Written by: - September 3, 2009

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03 September 2009 ? Today the bond market opened down 16bps and are currently down 16bps. Rates have not moved?they are still at 4.875% on the 30 year and 4.375% on the 15 year for the well qualified buyer (Single Family Home, 740+ credit, 40% down). The stock market tried to stage a rally this […]

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Today’s Mortgage Rate is Below 5% for Well Qualified Buyers

Written by: - September 1, 2009

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01 September 2009 ? This morning mortgage bonds opened up 3bps, then went on a turn for the worse as stocks rallied. However the stock market rally was brief and now the Dow is down 161. This is a significant reduction to the stock market, so bonds rebounded nicely and are now up 16bps. There […]

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