We’re all afraid of fiscal mirages, but there seems to be signs, that regardless of the dangers of the fiscal cliff, there are numerous economic factors that the U.S. may experience a surge in the housing market. One indicator, according to Bloomberg Businessweek contributor, Devin Banerjee, is that Norway’s sovereign wealth fund (the world’s largest), plans to invest $11 Billion in the U.S. real estate market. Although it appears that Norway’s current interest is in primarily commercial properties in major American cities, this is a vote of confidence from a strong foreign investor which speaks loudly about future trends in the U.S. real estate market.
We’ve all seen some wonderful activities in our local markets – I’ve spoken with Realtors, title companies and my lenders, as well as with other Brokers. It just doesn’t seem to be fluke, but steady progression of optimism in our chosen industry.
Please feel free to call for any clarifications and/or analyses.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 12/03/2012 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| Mortgages to $417,000 (Conforming) | ||||
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w/ 1 Point |
APR |
w/ no Point |
APR |
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| 30-YR |
3.125% |
3.240% |
3.375% |
3.411% |
| 15-YR |
2.625% |
2.831% |
2.875% |
2.931% |
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| Mortgages $417,001 – $1,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.50% |
3.602% |
3.875% |
3.896% |
| 15-YR |
3.125% |
3.306% |
CALL FOR QUOTE |
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Mortgages in excess of $1,500,000, ARM Products & Interest Only programs are also available – Please call for Quotes. |
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Ginger Bowe Sullivan
ANASAZI MORTGAGE
1000 Cordova Pl, #56
Santa Fe, NM 87505
Phone: 505-995-8888
Toll-Free: 800-995-8888 (if calling outside Santa Fe)
Fax: 505-995-8885