In spite of Egypt’s political turmoil, the markets – both with the stock and bond investors – seem to have recovered since Friday afternoon. Markets reacted similarly last spring when Greece experienced its economic crisis. In the meantime, last week showed us a stock market high not experienced in the previous 21 months. This morning’s economic reports included a slight increase in consumer spending, and a modest increase in personal incomes. Shakily, but steadily, the economy is continuing its recovery.
Meanwhile, look at the minimal spread in 30-year rates between $417,000 to $600,000 – only .25% point. This is pretty significant, and I’m sure, won’t last long. Take advantage while you can.
As always, we much appreciate your calls about underwriting guidelines and scenarios, and helping your borrowers decide the best loan program for their needs. Talk to you soon !!
ANASAZI MORTGAGE RATES
FOR Primary Residence (purchase only)
As of 01/31/2011
Mortgages to $417,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.75%4.899%4.875%4.937%
15-YR4.00%4.254%4.25%4.355%
Mortgages $417,001 – $500,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.00%5.125% 6.00%6.038%
15-YR4.875%5.089% 5.25%5.312%
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
30-YR5.625%5.754%6.00%6.038%
15-YR4.875%5.089%5.25%5.312%
Mortgages in excess of $1,500,000, ARM (Adjustable Rates Mortgage) & Interest Only programs are also available – Please call for Quotes.
Ginger Bowe Sullivan
ANASAZI MORTGAGE
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
ginger@anasazimortgage.com
www.anasazimortgage.com
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