This Weeks Financial Commentary September 10, 2009

Good Afternoon:

The 30 year fixed rate dropped below 5% today. The 30 year fixed is now at 4.875% for loans from $200,000 to $417,000 with a 740 credit score and a minimum down payment of 10%. See the attached Mortgage Plans and Rates for more details.

Commentary:

News from the Labor Department earlier this morning showed labor market deterioration is easing - but only gradually. For the week ended September 5th, first-time claims for jobless benefits fell by 26,000 to 550,000. First time claims are expected to continue to decline at a snails-pace through the balance of this year and into 2010. Most analysts will not likely sign off on the idea that the most massive consolidation in the labor secure since the Great Depression is over until the weekly first-time jobless claims number levels off in the neighborhood of 350,000 on a weekly basis. We still have a ways to go before the economy recovers.

All for now

Have a great weeken

The above info was provided by Ralph Leach, Mortgage Loan Officer

Ameristar Mortgage Corporation

Cell 414-202-8093

So, with mortgages rates low and great deals on home prices, now is the time to call a RESPONSE REALTOR!!!!

Greg Cavaiani Response Realtors Cell: 262-389-8577 Office: 262-594-3200 Fax: 262-594-3210 response@responserealtors.com

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Sincerely,

Greg Cavaiani