Today’s bond market opened in negative territory, pressuring rates slightly upward at the start of the day. However, rates have improved at least by .125% point since opening this morning. News of unexpected weaknesses in the manufacturing sector gave mortgage investors pause in their thoughts that the Feds may NOT immediately pull back on their purchases of Treasury debt obligations, and agency mortgage-backed securities. Bets on whether or not the economy is recovering will be based upon the labor market and/or inflation outlooks. As the economy shows growth signs, so will interest rates rise.
Buyers- Be advised to strategize on your rate lock options, rather than just hoping rates will drop back to those rates from a few weeks ago. Remember that an increase in rate can jeopardize the approval status of the loan.
If you find yourself needing a QUICK closing, we can generally close in less than 30 days.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 06/03/2013 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| Mortgages to $417,000 (Conforming) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.75% |
3.868% |
4.00% |
4.039% |
| 15-YR |
2.990% |
3.197% |
3.25% |
3.312% |
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| Mortgages $417,001 – $1,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.125% |
4.230% |
4.625% |
4.646% |
| 15-YR |
3.50% |
3.682% |
4.125% |
4.161% |
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Mortgages up to $2,000,000, ARM Products & Interest Only programs are also available – Please call for Quotes. |
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Ginger Bowe Sullivan
ANASAZI MORTGAGE
1000 Cordova Pl, #56
Santa Fe, NM 87505
Phone: 505-995-8888
Toll-Free: 800-995-8888 (if calling outside Santa Fe)
Fax: 505-995-8885