This week’s focus is on the potential US government shutdown on March 4th.. Congress is debating the vote on a stopgap funding bill, which will be a short-term funding measure – at least temporarily putting off a government shutdown — something both sides of the aisle want to avoid. Once past the issue of keeping the US government open for business, investor attention will again be on the mid-East news, and its effect on oil prices. Also, there have been murmurs about stagflation or deflation, which may temporarily keep rates steady for the moment, or they may float down somewhat. But, our advice is to not gamble in the market . We believe the best strategy is to lock your rate, then negotiate with your lender to float down your rate, should rates drop significantly.
We’re always ready to answer your questions on rates, programs and scenarios.ANASAZI MORTGAGE RATES
FOR Primary Residence (purchase only)
As of 02/28/2011
Mortgages to $417,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.75% 4.899% 4.875% 4 .937%
15-YR4.125%4.380%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.comwww.anasazimortgage.com