According to Freddie Mac, mortgage rates rose to their highest since Oct 2011, partly because of improvement in bond yields. There is still a possibility of a temporary down draft with rates, as investors eye stock market highs and decide whether to invest in the safety of bonds or risk investments in the stock market for the possibility of greater returns. If the stock market dips considerably, rates are soon to follow.We look forward to discussing your scenarios or discussing rates and programs, and want to be your lender of choice.ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 03/26/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.875%3.995%4.125%4.162%
15-YR3.00%3.208%3.375%3.439%
Mortgages $417,001 – $1,500,000 **
w/ 1 PointAPRw/ no PointAPR
30-YR4.50%4.608%5.00%5.022%
15-YR3.50%3.683%4.00%4.380%
** 30-Yr from $417K to $600K @ 4.25% w/ 1.25% Point temporarily offered – APR – 4.38%
3/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.25%4.250%2.75%4.571%
Jumbo2.75%4.384%3.375%4.895%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.25%3.965%2.75%4.367%
Jumbo2.75%4.509%3.375%4.983%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.75%4.170%3.25% 4.592%
Jumbo3.125%4.634%3.625%5.056%
Mortgages in excess of $1,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes.
Ginger Bowe SullivanANASAZI MORTGAGEP. O. Box 5724Santa Fe, NM 87502-5724Phone: 505-995-8888Toll-Free: 800-995-8888 (if calling outside Santa Fe)Fax: 505-995-8885ginger@anasazimortgage.comwww.anasazimortgage.com