Not a lot is happening with the markets today, but do expect some movement tomorrow, depending upon how new Fed Chairman Janet Yellen’s remarks resonate with Congress, as well as with investors. She will be speaking to the House Financial Services Committee on Tuesday, then to the Senate Banking Committee on Thursday. Remarks will be similar to both groups, and will most likely be focused on international economic issues, as well as the U.S. employment situation, inflation and how the QE3 tapering will possibly impact the U.S. and global economies. As a note, QE3 has tapered, in the past couple of months, from purchases of $85 Billion — to a current $65 Billion a month. The QE3 program is expected to totally wind down by the end of the year. We cautiously believe that mortgage interest rates may drift slightly lower over the next month or so
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 02/10/2014 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| FIXED RATE Mortgages to $417,000 (Conforming) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.125% |
4.250% |
4.25% |
4.290% |
| 15-YR |
3.125% |
3.340% |
3.375% |
3.445% |
| FIXED RATE Mortgages $417,001 – $2,500,000 (Jumbo) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.50% |
4.608% |
4.875% |
4.897% |
| 15-YR |
3.75% |
3.936% |
4.50% |
4.538% |
| ADJUSTABLE RATE Mortgages to $417,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
2.625% |
5.822% |
3.125% |
6.202% |
| 7/1 ARM |
3.00% |
5.632% |
3.375% |
5.895% |
| ADJUSTABLE RATE Mortgages $417,001 – $2,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
2.875% |
6.036% |
3.625% |
6.645% |
| 10/1 ARM |
4.00% |
5.874% |
4.50% |
6.251% |
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Mortgages up to $2,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes. |
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