Blog Detail
Illinois Mortgage Rates and News
http://ptmortgage.com/blog
Mortgages and real estate from the perspective of a long time Chicago area mortgage guy. Information and education, rants and ravings, straight facts and considered opinions.
Recent Posts
Is FHA About To Get Tougher? Why FHA Is, and Will Continue To Be, the Best Option For Most Home Buyers
Foreclosures rule the mortgage world. With home prices way down from where they were a few years ago, and unemployment so much higher, foreclosures are still surging. The sad fact is that a record number of homeowners are in default and can’...
Chicago Illinois Mortgage Rates Weekly Update
Welcome to Illinois Mortgage Rates and News week in review for the week ending December 4th, 2009, my take on the week’s financial news and how it affected Chicago Illinois mortgage rates. This was a good news, bad news week in the economy and with...
Fannie Mae Tightens again with DU 8.0 Release –FHA Likely to Gain Market Share, Again
Mortgage qualification guidelines are getting tighter again as Fannie Mae (along with FHA and Freddie Mac, one of the 3 big buyers of loans in the mortgage market) is about to roll out the newest version of their Automatic Underwriting System ...
Chicago Illinois Mortgage Rates Weekly Update
Welcome to Illinois Mortgage Rates and News week in review for the week ending November 27th, 2009, my take on the week’s financial news and how it affected Chicago Illinois mortgage rates. Rates slid a little farther last week, and we are now at t...
When Refinancing Your Mortgage Look at the Best Deal, Not Just the Best Rate
How Much Does It cost to Refinance, and How Long is the Pay Back? With mortgage rates down near their all time lows again, refinancing is getting hotter (purchases, too). Low mortgage rates give you a chance to lock in the low rate for the long term...
They’re Back!!! Mortgage Rates Are Down to Their Lows For the Year – Again
Mortgage rates are down to the lowest rates of the year, again. We are now hitting the best rates we saw last Spring in the midst of the refinance boom when the economy was still in free fall. Back then, from the beginning of the year until the star...

