Rates are slightly lower than last week’s rates, as rates follow the downturn of the stock market, with the Dow dipping to below 13,000 levels. Mortgage rates improved yesterday and today, probably as a reaction to Friday’s lower-than-expected jobs report. The stock markets were closed on Friday, so investor reaction was somewhat delayed in the markets. We are still watching European deterioration as well as keeping an eye on what U.S. inflation-potential movements are occurring. Right now, rates are remaining very close to record lows. 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 04/10/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.625%3.743%3.875%3.912%
15-YR2.875%3.082%3.125%3.189%
Mortgages $417,001 – $1,500,000 **
w/ 1 PointAPRw/ no PointAPR
30-YR4.25%4.356%4.75%4.772%
15-YR3.375%3.557%3.875%3.912%
3/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.25%4.250%2.75%4.571%
Jumbo2.75%4.384%3.25%4.858%
5/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.25%3.965%2.75%4.367%
Jumbo2.75%4.509%3.25%4.937%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.625%4.110%3.50% 4.714%
Jumbo3.00%4.573%3.50%4.994%
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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