There’s slight uptick with fixed rates since last week, however, a little downward adjustment with ARM’s. Because the European Central Bank appears not to be able to implement their various euro-zone bail-out plans until, at the earliest in Sept, international investors are expressing their disappointment in a later-than-sooner approach to the European financial meltdown. The result will most likely show up in this week’s Treasury auctions. If investor appetites play out as expected, we should see support for steady and perhaps fractionally lower mortgage interest rates – for the time being.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 08/07/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.50%3.617%3.625%3.661%
15-YR2.875%3.082%3.00%3.064%
Mortgages $417,001 – $1,500,000
w/ 1 PointAPRw/ no PointAPR
30-YR4.35%4.450%4.55%4.572%
15-YR3.50%3.683%3.65%3.687%
3/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.60%4.355%2.75%4.571%
Jumbo2.60%4.339%3.05%4.797%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
ConformingN/AN/A2.75%4.367%
Jumbo2.95%4.583%3.175%4.908%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
ConformingN/AN/A2.75% 4.350%
Jumbo3.35%4.745%3.575%5.031%
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