Absolutely amazing – rates in almost every category dropped to record lows !! The Euro-zone activities are pushing rates to the lowest that the U.S. has ever seen. HOWEVER, there is European optimism that a deal to avert the Greek debt default is on the near horizon, and that an agreement will be reached between the Greek gov’t and its creditors within DAYS. The reason our mortgage rates are so low is because huge amounts of international $$ have been placed in low-yielding but the safe havens of US treasuries and mortgage-backed securities. But, once the Euro financial crises are resolved, money will leave the low-yields of the US mortgage securities, as investors seek higher paying yields. And, we may have to say good-bye to these wonderful rates we have been seeing (the nut-shell version of the story).Call if you have more questions on these comments, our rates, programs and scenarios. We want to be your trusted source for mortgage information.ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 01/30/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.375%3.491%3.75%3.786%
15-YR2.75%2.957%3.125%3.189%
Mortgages $417,001 – $1,500,000 **
w/ 1 PointAPRw/ no PointAPR
30-YR4.125%4.230%4.625%4.647%
15-YR3.375%3.557%3.75%4.787%
** 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
Conforming2.125%4.213%2.625%4.553%
Jumbo2.375%4.272%3.00%4.782%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.125%3.920%2.625%4.322%
Jumbo2.375%4.371%3.00%4.843%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.050%3.125% 4.532%
Jumbo2.75%4.457%3.25%4.870%
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
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