Rates at a Glance

Little difference in rates this week from last, but the stock market investors seem encouraged with the slight rise in activity within the manufacturing sector – the index is at its highest since May 2010.  Still looking forward to other growth signs in the economy in this new year, we also have a new Congress convening on Wednesday as well as new State of NM leadership in place.  Rates will, most likely, follow the stock market in the near future – if the market surges, rates are sure to follow.   Be encouraged that while rates have risen over the past several weeks, we still are at historical lows.
May all of us be blessed with a healthy and happy 2011 !!  And, we much appreciate your continued calls about underwriting guidelines and scenarios.  Hope to talk to you soon !!
FOR Primary Residence (purchase only)
As of 01/03/2011
Mortgages to $417,000
 w/ 1 PointAPRw/ no PointAPR
Mortgages  $417,001 – $500,000
 w/ 1 PointAPRw/ no PointAPR
30-YR5.00%5.125%   6.00%6.038%
15-YR4.875%5.089%   5.125%5.187%
Mortgages  $500,001 – $600,000
 w/ 1 PointAPRw/ no PointAPR
30-YR5.00%5.125%   6.00%6.038%
15-YR4.875%5.089%   5.25%5.312%
Mortgages  $600,001 – $1,500,000
 w/ 1 PointAPRw/ no PointAPR
Mortgages in excess of $1,500,000, ARM (Adjustable Rates Mortgage) & Interest Only programs are also available – Please call for Quotes
Ginger Bowe Sullivan
P. O. Box 5724
Santa Fe, NM  87502-5724
Phone:      505-995-8888
Toll-Free: 800-995-8888 (if calling outside Santa Fe)
Fax:            505-995-8885