Currently viewing the tag: "Chicago mortgage loan"

Chicago Mortgage Rates Improving Today

On January 11, 2010 By

The market is improving today.  We’re light on news early this week so momentum trading should drive the market. At the start of earnings season for stocks, that means a lot of new stock data.  Good stock data often pulls money from bonds driving mortgage rates higher.  If you’re bearish on stocks, mortgage rates shouldn’t [...]

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Mortgage Rates Slipping

On December 15, 2009 By

Interest rates continue to rise as mortgage backed securities continue to sell-off for the fifth consecutive trading session.

Mortgage rates, today, are better than they really ought to be after a miserable run like this.  If you’re looking for a silver lining, that is it.  We’re still predicting mortgage rates to react to tomorrow’s Federal [...]

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Today's Interest Rates

On December 14, 2009 By

Mortgage rates lost ground last week, largely due to strong economic readings in nearly every report released last week.

Rates are trending higher.  We know they’ll be higher when the Fed stops supporting them after March of next year.  Home buyers who are purchasing in January to March versus April to June appear that they [...]

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Volatility Returns to Mortgage Rates

On December 11, 2009 By

It wouldn’t make sense if volatility “slowly returned,” but that’s not the case anyway.  After a fairly boring November that saw interest rates just notch slowly lower every day.

We’re back to seeing rates change many times per day.  Today turned ugly and has since returned to roughly flat on the day.

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Mortgage Rates up .125%

On December 10, 2009 By

No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details.

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Chicago Loan Rates Stable

On December 9, 2009 By

No Origination Fees or Origination Points On These Rates, Read Assumpt

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Mortgage Rates Recovering

On December 7, 2009 By

Last week was messy and saw rates jump anywhere from .25-.50%.  Economic data is light until Friday’s Retail Sales report.  Rates may move up or down this week, but the odds favor at least being prepared to lock.  Rates could possibly gain back .25%, but could lose .50% again this week if Retail Sales comes [...]

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Video Look At Today's Mortgage Rates

On December 4, 2009 By

We’ve seen rates jump .375% in the past 4 trading sessions.  Here’s a quick look at what has happened and where they are likely to go:

Click Read More for Today’s Rates

No Origination Fees or Origination Points On These Rates, Read Assumptions for Full Details. 30 Year Fixed Rate Discount Points APR 4.750% [...]

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Falling Unemployment Rate Leads To Higher Mortgage Rates Today

On December 4, 2009 By

This morning’s jobs report is causing mortgage rates to rise, capping a week during which rates have already jumped 3/8 percent off all-time lows.

The government’s November Non-Farm Payrolls report reinforced the notion that the recession is nearly over, if not over already.

Just 11,000 jobs were lost last month — much fewer than analysts [...]

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Rates Are Rising

On December 3, 2009 By

We need to keep this in context, we’re still dealing with rates that are at or near their all-time lows.

In the past two days, we’ve seen the benchmark 30 Year Fixed go from 4.625% requiring 0 discount points to 4.75% requiring a .25% discount.

Why did rates go up?  In the shortest answer, every [...]

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