Mortgage rates should have really been higher this week with rising oil prices and other economic data, including January’s report from the Federal Reserve that the economy is improving. However, the pressure on rates are geopolitical, more than economic. Investors are much more inclined at this time to do “safe-haven” investing – in the bond markets – rather than risk their hard-earned advances made this past year by re-investing in the stock markets. So, the geopolitical pressures from the mid-East have “temporarily (we believe)” ratcheted rates downward somewhat. If your buyers locked at slightly higher rates than are now available, they may be able to negotiate with their lenders to float down to or near today’s pricing.
We’re always ready to answer your questions on rates, programs and scenarios.
ANASAZI MORTGAGE RATES
FOR Primary Residence (purchase only)
As of 02/22/2011
Mortgages to $417,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.75%4.899%5.00%5.062%
15-YR4.25%4.506%4.50%4.606%
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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