Santa Fe Las Campanas Market Rates

The President of the European Central Bank, Mario Draghi, has publicly pledged to “do whatever it takes” to preserve the euro, and he said “Believe it, it will be enough”.  The European Central Bank is meeting on Thursday.  The FOMC (“Federal Open Market Committee”) is meeting the day before the ECB meeting, from which the Fed’s will announced their own plans to stimulate economic growth, if they decide to take action at this time.  The Fed’s may wait, however, until their September meeting before considering any additional economic stimulus.WHAT DOES THIS HAVE TO DO WITH RATES?  IF the ECB plans are successfully executed, it won’t take long for European capital (which has been parked in the safety of U.S. treasuries) to migrate back to perhaps promising larger yielding asset classes in Europe.  This means that U.S. bond prices will drop, and the lowest-mortgage-rates-in-history to which we have become accustomed, will begin to once more increase.We look forward to discussing rates, programs, and loan scenarios, and answer questions for either your BUYERS or SELLERS.  Please feel free to call for any clarifications and/or analyses.  ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 07/30/2012
Mortgages to $417,000 (Conforming)
 w/ 1 PointAPRw/ no PointAPR
Mortgages  $417,001 – $1,500,000
 w/ 1 PointAPRw/ no PointAPR

3/1 ARM – 30-YR
 w/ 1 PointAPRw/ no PointAPR
5/1 ARM – 30-YR
 w/ 1 PointAPRw/ no PointAPR

7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming3.45%4.505%3.675% 4.799%
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: