Rates have remained relatively the same, with some slight downward adjustments for 15-yr jumbo loans, in spite of the S&P warning last week that US Treasuries could receive a less-than-stellar rating, if the U.S. couldn’t get its debt under control. Amazingly, as the U.S. Congress cannot compromise on a resolution to hitting our $15 trillion debt ceiling in July, the bond market is remaining relatively stable (at this time). A head of research, Zhang Jianhua, at People’s Bank of China is warning that China (a major holder of US Treasuries) needs to “guard against volatility in U.S. Treasury prices”, publicly stating a worry that the heavily-indebted U.S. may not be able to repay all of its debt.
Another note of interest: For the first time in its 97-year history, the Fed Reserve’s Chairman is actually going to hold a press conference (on Wednesday @ 12:15 p.m. MDT) in order to communicate how the Fed intends to control inflation, and still stimulate employment.
We are mortgage problem solvers (both for residential and commercial properties), and much appreciate your questions on rates, market influences and scenarios. We can also do purchase rehab loans – even those that don’t fit FHA parameters.ANASAZI MORTGAGE RATES
FOR Primary Residence (purchase only)
As of 04/25/2011
Mortgages to $417,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.75%4.899%4.875%4.937%
15-YR3.875%4.128%4.25%4.355%
Mortgages $417,001 – $600,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.00%5.125%5.75%5.787%
15-YR4.625%4.838%4.875%4.936%
Mortgages $600,001 – $700,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.25%5.376%5.75%5.787%
15-YR4.625%4.838%4.875%4.936%
Mortgages $600,001 – $1,500,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.25%5.376%5.75%5.787%
15-YR4.62%4.838%4.875%4.936%
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