Current Mortgage Rates in Chicago, Milwaukee and Madison 01/07/2009: Illinois and Wisconsin
Posted by Dennis Hardy on Jan 7, 2009
Illinois and Wisconsin Mortgage Rates as of
01/07/2009 at 10:07 AM CST
Current Mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.125% (5.184% APR) |
| 15 Year Fixed: | 4.750% (4.851% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 01/06/2009: Illinois and Wisconsin
Posted by Dennis Hardy on Jan 6, 2009
Illinois and Wisconsin Mortgage Rates as of
01/06/2009 at 9:44 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.000% (5.059% APR) |
| 15 Year Fixed: | 4.625% (4.726% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Illinois and Wisconsin No Money Down 100% Mortgage Loans
Posted by Dennis Hardy on Jan 5, 2009
Illinois and Wisconsin no money down loans are risky because you are starting off with no equity in the property. They are a colossal risk for the lender, therefore, any one that applies for one of these programs must have extensive documentation to prove their eligibility for this mortgage program.
No Money down loans are not destroying the economy, instead irresponsible purchasers that are not able to afford what they are buying have raised the default rate and are hampering some real-estate markets in the United States (not the economy, and not everywhere).
The three primary no money down mortgage solutions that we facilitate are USDA rural housing loans, FHA loans (now 3.5% down which can come as a gift), and VA loans.
FHA, VA and USDA are also the best form of financing for Wisconsin and Illinois no money down home mortgages.
Visit our no money down mortgage page for additional Wisconsin and Illinois no money down program requirements.
Posted in Chicago Mortgage Programs, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, No Money Down Loans, Wisconsin Programs || No Comments »
Current Mortgage Rates in Chicago, Milwaukee and Madison 01/05/2009: Illinois and Wisconsin
Posted by Dennis Hardy on Jan 5, 2009
Illinois and Wisconsin Mortgage Rates as of
01/05/2009 at 9:56 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.250% (5.310% APR) |
| 15 Year Fixed: | 4.875% (4.976% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 01/02/2009: Illinois and Wisconsin
Posted by Dennis Hardy on Jan 2, 2009
Illinois and Wisconsin Mortgage Rates as of
01/02/2009 at 9:59 AM CST
Current Mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.500% (5.561% APR) |
| 15 Year Fixed: | 4.875% (4.976% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 12/31/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Dec 31, 2008
llinois and Wisconsin Mortgage Rates as of
12/31/2008 at 9:51 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.250% (5.310% APR) |
| 15 Year Fixed: | 4.875% (4.976% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 12/30/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Dec 30, 2008
Illinois and Wisconsin Mortgage Rates as of
12/30/2008 at 10:24 AM CST
Current Mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.375% (5.435% APR) |
| 15 Year Fixed: | 5.125% (5.227% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 12/29/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Dec 29, 2008
Illinois and Wisconsin Mortgage Rates as of
12/29/2008 at 10:12 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.250% (5.310% APR) |
| 15 Year Fixed: | 4.875% (4.976% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
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FHA Updates Effective January 1, 2009 in Illinois and Wisconsin
Posted by Dennis Hardy on Dec 28, 2008
The Housing and Economic Recovery Act of 2008 revised the National Housing Act to:
• Eliminate the variable loan-to-value (LTV) limits that were based on the combination of the property value and the average closing costs of the State where the property is located and
• Limit the total FHA-insured first mortgage to 100 percent of the appraised value, and permit the inclusion of the upfront mortgage insurance premium (UFMIP) within that limit.
For simplicity purposes, and to eliminate any confusion in the marketplace, effective for case numbers assigned on or after January 1, 2009 the maximum LTV for most refinance transactions will be 97.75 percent. A summary of maximum LTVs is shown in the table below:
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Current Mortgage Rates in Chicago, Milwaukee and Madison 12/26/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Dec 26, 2008
Illinois and Wisconsin Mortgage Rates as of
12/26/2008 at 9:34 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.375% (5.435% APR) |
| 15 Year Fixed: | 5.125% (5.227% APR) |
| 30 Year FHA and VA: | 5.500% (5.676% APR) |
| 30 Year Rural Housing: | 5.750% (5.929% APR) |
Posted in Current Mortgage Rates || No Comments »