As if we didn’t know: Santa Fe was last week cited as one of the 10 Best Places to Retire in 2012, according to U.S. News and World Reports. Here is the link if you care to see the full article: http://money.usnews.com/money/retirement/slideshows/10-places-to-reinvent-your-life-in-retirement. In the meantime, conforming rates are still in a holding pattern, close to last week’s rates, but JUMBO RATES HAVE IMPROVED in almost every category. Investors are watching the European re-capitalization process, and if a plan will be committed to by the end of business on Wednesday. On CNBC’s “Squawk Box” morning show today, Olivier Sarkozy, of The Carlyle (Asset Management) Group (also half-brother to Nicholas Sarkozy, President of France), remarked “… The guy with the printing press never goes broke …”, and suggests that the European Central Bank needs to print money like the U.S. has in order to avoid financial catastrophe. The “Squawk Box” discussion also suggested that the U.S. dollar would remain strong against the Euro for the next few years … a little good news in the midst of chaos. Call if you have more questions on these coming changes, our rates, programs and scenarios. We want to be your trusted source for mortgage information.ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 10/24/2011
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.875%3.995%4.25%4.287%
15-YR3.25%3.460%3.625%3.690%
Mortgages $417,001 – $1,500,000 **
w/ 1 PointAPRw/ no PointAPR
30-YR4.50%4.608%4.875%4.897%
15-YR3.875%4.060%4.125%4.163%
** 30-Yr from $417K to $600K @ 4.25% w/ 1.25% Point temporarily offered – APR – 4.380%
3/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.325%3.00%4.647%
Jumbo2.875%4.413%3.25%4.858%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.055%3.00%4.459%
Jumbo2.875%4.555%3.25%4.987%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming3.125%4.350%N/A —
Jumbo3.25%4.696%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.com