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Chicagoland Mortgage Insight & First Time Home Buyers Loan

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ARCHIVED BLOG POSTS

2008
2010 2009 2008 2007

Why Bad News for the Economy is Good News for Mortgage Rates - How Mortgage Rates Change from Day to Day

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Last week The Fed unexpectedly dropped the discount rate by a full 3/4s of a point. Since then my phone has been ringing off the hook. The Fed is expected to cut rates again today, so my phone should keep ringing. This happens every time the Fed announces a rate cut. Most people assume that a cha...

01/30/2008

13 Reasons You Should Buy a Home in The Chicago Area, Now!

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Conventional wisdom says that this is an awful time to buy a new home. The housing market is in a funk. Mortgage companies have tightened their guidelines and homes are sitting on the market for months without selling. If you listen to the news it's all doom and gloom with talk of recession and i...

01/20/2008

How Much Does it Cost to Refinance Your Mortgage?

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Mortgage interest rates are ticking down and refinancing is suddenly hot again. Make that Scorching Hot! A few years back when mortgage rates first dropped into the 5s, mortgage refinancing was the hot topic anywhere people gathered. It might not seem like the most scintillating party conversatio...

01/16/2008