Bonds Hold Strong despite Jobs Report Results - Home Loan Experts with Great Mortgage Rates Serving Colorado, Florida, Illinois, Indiana, Michigan, Minnesota, Tennessee and Wisconsin

Friday, June 7, 2013

Bonds Hold Strong despite Jobs Report Results

Initial Jobless Claims report was released today, as it is every Thursday. The reported numbers were in line with expectations but the bonds market reacted negatively and started to sell off. However, it bounced back and ended on a positive note, closing at +36bps.

How does this volatility in the bond market affect current interest rates? Homeowners and prospective buyers in Illinois, Indiana, Michigan, Minnesota and Wisconsin are feeling the pressure as the deteriorating bond market is steadily increasing mortgage interest rates.

Anyone seeking a pre-approval or a rate quote estimate in Illinois, Indiana, Michigan, Minnesota and Wisconsin may be surprised at the higher interest rates, but since the beginning of May rates have been trending upwards.

Many market experts have predicted that the market has already bottomed out and we will not see interest go back to their records lows. Take advantage of the current market as rates under 4% are still available. Get pre-approved now to your mortgage financing process!

United Home Loans provides Illinois mortgage loans in addition to mortgages in Indiana, Michigan, Minnesota and Wisconsin. Check out our rates below and call us with any mortgage related questions at (708) 531-8388.


Illinois Mortgage Rates
IL 30 Year Fixed mortgage as of June 7, 2013 4.000%/4.010 APR
IL 15 Year Fixed mortgage as of June 7, 2013 3.125%/3.195 APR

Please click this link for APR assumptions and more IL mortgage rates


Indiana Mortgage Rates
IN 30 Year Fixed mortgage as of June 7, 2013 4.000%/4.010 APR
IN 15 Year Fixed mortgage as of June 7, 2013 3.125%/3.195 APR

Please click this link for APR assumptions and more IL mortgage rates


Michigan Mortgage Rates
MI 30 Year Fixed mortgage as of June 7, 2013 4.000%/4.010 APR
MI 15 Year Fixed mortgage as of June 7, 2013 3.125%/3.195 APR

Please click this link for APR assumptions and more MI mortgage rates

Minnesota Mortgage Rates
MN 30 Year Fixed mortgage as of June 7, 2013 4.000%/4.010 APR
MN 15 Year Fixed mortgage as of June 7, 2013 3.125%/3.195 APR

Please click this link for APR assumptions and more MN mortgage rates

Wisconsin Mortgage Rates
WI 30 Year Fixed mortgage as of June 7, 2013 4.000%/4.010 APR
WI 15 Year Fixed mortgage as of June 7, 2013 3.125%/3.195 APR

Please click this link for APR assumptions and more WI mortgage rates


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