Mortgage Rates Improving

After an analyst suggested selling Citigroup, the worlds largest financial company and oil prices spiked again the DOW crashed early Thursday and mortgage rates improved.

Rates Unchanged

The Federal Reserve did not make an interest rate change after two days of meetings. The federal funds rate remains the same. Mortgage rates have inched higher recently because of the fear of inflation. Currently a 30 year fixed rate mortgage for borrowers with good credit and equity is 6.375% with no points if you apply this week. Not all will qualify. Contact Loan Officer Pete Cannon at 414-416-9194.

APR 6.42

Apply For A Mortgage

Apply for a mortgage with us today. It's easy. We do all the work. Tell us what your goals are and we will tailor a loan to meet your needs. Is paying down principal quickly a goal or are you looking for the lowest possible payment? Let us know your unique circumstances and we will design the right program that is best for you.

Help For Flood Victims

The Red Cross has a number for people interested in investing money or time to help flood victims. The number is 1-800-RED-CROSS

Mortgage Rates Continue To Rise

Mortgage rates have risen every day this week. You need to work with a lender who has their eye on the market or else it will cost you tens of thousands of dollars in interest paid over the life of your loan. The difference between $200,000 at 6.25% and 6.75% is about $22,000. Take advantage of our rate lock advisory service. Call 414-416-9194 today. The markets are volatile and unpredictable. Oil prices are high, we are in an election year, involved in a war and have huge deficits. Do you really think rates are going down?

Lock Your Loans!

Rates have spiked in the last 24 hours. Lock now before 6.25% on a 30 year fixed rate is not available. 414-416-9194

Rain, Rain, Go Away

Come back some other day. The skies opened up the other day and rarely paused as the area received record amounts of rainfall causing basement back ups and sewage overflows into Lake Michigan. Soggy citizens shoveled mud, carried water, and threw out damaged goods instead of enjoying summer as intended. Some areas received 9 inches of rain in a few days. Some roads were impassable and tornadoes touched down as black clouds circled the area.

Jobs Report

A jump in unemployment that was larger than forecast will cause mortgage rates to improve Friday and likely Monday morning. Bad news in the job market is often good news in the mortgage industry. Inflation upticks do not help mortgage rates, however. The DOW dropped more than 280 points in early trading Friday.

JUMBO LOAN AT 5.75%

We are offering a Jumbo loan up to 2 million at 5.75% on a 3/1 ARM. Certain restrictions apply.
Email wisconsinmortgages@gmail.com or call 262-569-8675 or 414-416-9194

apr 5.83%

Milwaukee Home Values Rise

The average square foot of residential real estate in Milwaukee rose 2.8% from March 2007 to March 2008, according to Radar Logic Inc. a New York security firm.

According to the report it costs $115.24 a square foot in Milwaukee. The only market with an increase was Milwaukee. There has never been a better time to buy property in the area. Anyone with good credit and a small down payment can leverage a small investment into positive cash flow and tax advantages if you buy right with the proper financing today. Don't leave anything to chance. Work with experienced professionals.

Mortgage Rates Improve

Mortgage rates will improve Monday morning based on early market reports. Call for rates.
414-416-9194