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Doug Katz

Mortgage Rate Lock Advice for Chicago and Oak Park - 7/20

07-20-10
Doug Katz

Short-term - LOCK as equities recovered yesterday adversely affecting mortgage pricing. While there was improvement today, timing is too short for this risk. If closing in more than 15 days, however, I still recommend FLOATING.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates.

Click here if you would like to know more or want to talk about your individual needs

Mortgage Rate Lock Advice for Chicago and Oak Park - 7/19 (No Change)

07-19-10
Doug Katz

Short-term - FLOAT as equities markets are reacting unfavorably to bad economic data.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates. In the window of 15 to 30 days, there is now more risk and vigilance is recommended.

Click here if you would like to know more or want to talk about your individual needs

EVERYTHING'S PEANUTS - Downtown Oak Park Sidewalk Sale

07-16-10
Doug Katz


Come down and shop Downtown Oak Park sidewalks to find great deals. Stores and shops will have tables and racks out on the sidewalks for easy outdoor shopping. Activities and entertainment for the entire family will be provided.

July 22, 10-9pm
July 23, 10-8pm
July 24, 10-5pm
July 25, 12-4pm


FREE Popcorn. will be handed out throughout the event in front of 1010 Lake St - sponsored by Lake Theatre

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Mortgage Rate Lock Advice for Chicago and Oak Park - 7/16

07-16-10
Doug Katz

Short-term - FLOAT as equities markets are reacting unfavorably to bad economic data.

Long-term - FLOAT on belief that weakness in the economy will continue supporting the possibility in continued low mortgage rates. In the window of 15 to 30 days, there is now more risk and vigilance is recommended.

Click here if you would like to know more or want to talk about your individual needs

Mortgage Rates Retreat Further—They’re Officially Ridiculously Low

07-16-10
Doug Katz

I must admit that sometimes I feel like the guy at the craps table betting against the come. The one who revels in repeated cold streaks as he scrapes stacks of chips from the table while everyone else loses. When I feel this guilt, however, I just remember that the scourge of the craps table is simply making the most out of a bad situation. That said, this was another rough week for the economy, but a good week for mortgage rates.

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