The stock market almost always dictates the bond market movement, which in turn totally translates into mortgage rates. During the “vacation” summer months, stock market trading activity has much more pronounced as there is relatively lesser investor activity. HOWEVER, we are now out of the athletic Olympic season, and now into the U.S. political Olympics, which will cause hiccups in the markets. Investors and voters will try to determine which U.S. presidential candidate offers the best solution to stagnation/inflation/deflation – whatever stokes our greatest hopes and fears. And, the games are in full force for the next 2-1/2 months.We look forward to discussing rates, programs, and loan scenarios, and answer questions for either your BUYERS or SELLERS. Please feel free to call for any clarifications and/or analyses. ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 08/14/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.375%3.491%3.625%3.661%
15-YR2.75%2.957%3.00%3.064%
Mortgages $417,001 – $1,500,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.25%4.356%4.475%4.497%
15-YR3.50%3.683%3.725%3.762%
3/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.325%2.75%4.571%
Jumbo2.95%4.431%3.175%4.835%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.055%2.75%4.367%
Jumbo2.95%4.583%3.175%4.908%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.625%4.110%2.75% 4.350%
Jumbo3.35%4.745%3.575%5.031%
Mortgages in excess of $1,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes.
Ginger Bowe SullivanANASAZI MORTGAGEP. O. Box 5724Santa Fe, NM 87502-5724Phone: 505-995-8888Toll-Free: 800-995-8888 (if calling outside Santa Fe)Fax: 505-995-8885ginger@anasazimortgage.comwww.anasazimortgage.com