Santa Fe Las Campanas- Rates at a Glance

Rates edged upward, in most categories this week, fueled by last Friday’s much stronger-than-expected Oct (non-farm) payroll reports. Tomorrow and Thursday’s bond auctions, as well as stock market activities, will determine the trajectory of rates for the immediate future. Investors may well be attracted to the big run-up in bond yields from Friday’s payroll news, but they may also be concerned about QE3 tapering activities by the Fed because of what appears to be a U.S economy in recovery mode. Mortgage rates will continue to experience upward pressure until we see the results from the bond auctions/investor reactions this week.

Hope is not a strategy for choosing whether or not to lock. Our advice at the moment is to lock a rate if your buyer’s closing is scheduled within the next 30-45 days.

ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 11/12/2013 Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines*
FIXED RATE Mortgages to $417,000 (Conforming)
	w/ 1 Point	APR	w/ no Point	APR
30-YR	4.25%	4.375%	4.375%	4.415%
15-YR	3.25%	3.437%	3.50%	3.569%
FIXED RATE Mortgages $417,001 – $2,500,000 (Jumbo)
	w/ 1 Point	APR	w/ no Point	APR
30-YR	4.625%	4.733%	5.00%	5.021%
15-YR	3.875%	4.059%	4.50%	4.536%
ADJUSTABLE RATE Mortgages to $417,000
	w/ 1 Point	APR	w/ no Point	APR
5/1 ARM	3.00%	6.169%	3.375%	6.431%
7/1 ARM	3.375%	5.976%	3.625%	6.207%
ADJUSTABLE RATE Mortgages $417,001 – $2,500,000
	w/ 1 Point	APR	w/ no Point	APR
5/1 ARM	3.125%	6.270%	3.75%	6.762%
10/1 ARM	4.125%	5.991%	4.50%	6.337%
Mortgages up to $2,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes.