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  MORTGAGE NEWS 10/1/2009 Mortgage rates continue to vacillate with a downward trend being most evident. Jobless claims increased last week by 17,000 to 551,000 (over a half million people were let go from their jobs last week!) Pending home sales were up 6.4%. Some of the rise is likely due to folks working fast to take advantage of the First-Time Homebuyer Tax Credit, cuurently due to expire on November 30th.
____ Disclaimer: The information contained in this newsletter has been gleaned from various sources and is intended to be current and accurate, however we cannot and do not warrant or guarantee as such. This newsletter is for informational purposes only and is not intended to be, nor should be considered as, investment advice. It does not take into consideration the financial circumstances, needs or investment objectives of any specific person who may receive this newsletter. Individuals should seek financial advice with regard to specific circumstances before making any investment decision.©Copyright 2009—Ann Arbor Mortgage Company  Ann Arbor Mortgage Company - 2200 Green Rd., Suite E - Ann Arbor, MI 48105 Office Phone: (734) 669-5880 Fax: (734) 669-5881 We are able to lend in most states. Please contact us as there may be some restrictions per individual state laws. 
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