Rates are holding steady in the conforming (under $417K) markets, but have increased in the jumbo market over last week’s rates. It is expected that conforming rates will experience some upward pressure since the stock markets are experiencing their highest levels since June, 2008.
FOR Primary Residence (purchase only)
As of 04/11/2011
Mortgages to $417,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.75%4.899%5.00%5.062%
15-YR4.125%4.380%4.25%4.355%
Mortgages $417,001 – $600,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.00%5.125% 5.875%5.912%
15-YR4.75%4.964%5.125%5.187%
Mortgages $600,001 – $700,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.25%5.376% 5.875%5.912%
15-YR4.75%4.964% 5.125%5.187%
Mortgages $600,001 – $1,500,000
w/ 1 PointAPRw/ no PointAPR
30-YR5.50%5.628%5.875%5.912%
15-YR4.75%4.964%5.125%5.187%
Mortgages in excess of $1,500,000, ARM (Adjustable Rates Mortgage) & Interest Only programs are also available – Please call for Quote
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)