Current Mortgage Rates in Chicago, Milwaukee and Madison 11/17/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 17, 2008
Illinois and Wisconsin Mortgage Rates as of
11/17/2008 at 9:49 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: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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VA Refinance Guideline Changes in Illinois and Wisconsin
Posted by Dennis Hardy on Nov 15, 2008
Veterans with conventional home loans now have new options for refinancing to a Department of Veterans Affairs (VA) guaranteed home loan. These new options are available as a result of the Veterans’ Benefits Improvement Act of 2008, which the President signed into law on October 10, 2008.
The new law makes changes to VA’s home loan refinancing program. Veterans who wish to refinance their subprime or conventional mortgage may now do so for up to 100 percent of the value of the property. These types of loans were previously limited to 90 percent of the value.
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Current Mortgage Rates in Chicago, Milwaukee and Madison 11/14/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 14, 2008
Illinois and Wisconsin Mortgage Rates as of
11/14/2008 at 9:59 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: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 11/13/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 13, 2008
Illinois and Wisconsin Mortgage Rates as of
11/13/2008 at 9:45 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: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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2009 FHA Mortgage Loan Limits in Illinois and Wisconsin including Chicago, Milwaukee and Madison
Posted by Dennis Hardy on Nov 12, 2008
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008.
Beginning January 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up to a maximum of $625,500 in high cost areas. The February 2008 Stimulus Package temporarily raised the FHA maximum to $729,750 through December 31, 2008. The new $625,500 maximum, however, represents a significant increase over the $362,790 limit that was in effect prior to the Stimulus Package.
Illinois and Wisconsin High cost areas and their loan limits:
Illinois High Cost Areas:$365,700 Loan Amount Limit
Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County, Will County
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Current Mortgage Rates in Chicago, Milwaukee and Madison 11/12/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 12, 2008
Illinois and Wisconsin Mortgage Rates as of
11/12/2008 at 9:59 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: | 6.125% (6.188% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 11/11/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 11, 2008
Illinois and Wisconsin Mortgage Rates as of
11/11/2008 at 9:39 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: | 6.125% (6.188% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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Current Mortgage Rates in Chicago, Milwaukee and Madison 11/10/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 10, 2008
Illinois and Wisconsin Mortgage Rates as of
11/10/2008 at 9:53 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: | 6.125% (6.188% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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Rural Mortgage Loans in Illinois and Wisconsin: No Down Payment
Posted by Dennis Hardy on Nov 7, 2008
In today’s shrinking credit market, the USDA rural housing loan program is one of the best no money down mortgage financing options in the marketplace.
Many rural families and individuals may be eligible to become homeowners with the help of this program. Good credit and a steady income are not always enough to qualify for a conventional mortgage. A sizeable down payment may also be required. When the Federal Government guarantees the loan, lending institutions can help buyers while incurring little risk. With the Guaranteed Rural Housing Loan Program, moderate-income people can qualify for mortgages with little or no money down.
Here’s more information about our Rural Housing loan program and how it works:
Current Mortgage Rates in Chicago, Milwaukee and Madison 11/07/2008: Illinois and Wisconsin
Posted by Dennis Hardy on Nov 7, 2008
Illinois and Wisconsin Mortgage Rates as of
11/07/2008 at 9:51 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: | 6.125% (6.188% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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