Wednesday, March 20, 2013

Market Update: Mortgage Rates as of March 20, 2013

Good news this week for current and prospective homeowners looking for Illinois mortgages as well as Indiana, Michigan, Minnesota and Wisconsin mortgage loans. Bonds have seen a good week, pushing interest rates down slightly from the upward trend we have seen in recent weeks.

To get more technical, bonds opened up above the 25-day average, and have remained strong throughout the day.

Uncertainty and lack of stability in the European marketplace has caused stocks to fall short, as investors have low levels of confidence in the current market. These rates are certainly a gift for prospective and current homeowners, and a great way to start off the “spring” season of purchasing.

Don’t be fooled by this dose of optimism, the market is still volatile. It is uncertain how long will we see a lack of confidence in the stock market, considering the Cypress issue is nearly resolved. Economists are still holding true to their predictions that we will see rates above 4.00% in quarter 4. There is never a better time than the present to take advantage of these historic low interest rates.

If you are looking for a mortgage in Illinois, Indiana, Michigan, Minnesota or Wisconsin, call United Home Loans. We are happy to answer any question you may have at (708) 531-8388


Illinois Mortgage Rates
IL 30 Year Fixed mortgage as of March 20, 2013 3.500%/3.539 APR
IL 15 Year Fixed mortgage as of March 20, 2013 2.750%/2.819 APR

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


Indiana Mortgage Rates
IL 30 Year Fixed mortgage as of March 20, 2013 3.500%/3.539 APR
IL 15 Year Fixed mortgage as of March 20, 2013 2.750%/2.819 APR

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


Michigan Mortgage Rates
IL 30 Year Fixed mortgage as of March 20, 2013 3.500%/3.539 APR
IL 15 Year Fixed mortgage as of March 20, 2013 2.750%/2.819 APR

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

Minnesota Mortgage Rates
IL 30 Year Fixed mortgage as of March 20, 2013 3.500%/3.539 APR
IL 15 Year Fixed mortgage as of March 20, 2013 2.750%/2.819 APR

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


Wisconsin Mortgage Rates
IL 30 Year Fixed mortgage as of March 20, 2013 3.500%/3.539 APR
IL 15 Year Fixed mortgage as of March 20, 2013 2.750%/2.819 APR

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

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