There is LOTS of discussion on if/how the fiscal cliff issues are going to be resolved, although most people believe, regardless, that the U.S. economy isn’t going to do a total belly-flop on the floor of our fiscal ravine. If Congress and the President do not come to terms, automatic tax increases and spending cuts already in place will begin in January 2013 (referred to by many as “Taxmageddon”). Immediately noticeable will be an increase in social security payroll taxes (2% for employers; and 2% for employees), and 2% for self-employed persons. Withholding taxes (from payroll checks) have also been reduced for the past two years, so again employees will see their net paychecks further reduced. Medicare doctors will see a 27% decrease in pay. Dept of Defense will see almost a 50% cut of their budget, of which about $55 billion will hit in Jan, 2013. (If you want to do further research, google for more information, or start with this article http://www.heritage.org/
In the meantime, while investors are anticipating 2013 tax hikes if a political compromise is not reached, the bond market remains strong, pressuring rates to remain steady, and perhaps drop fractionally lower.
We look forward to discussing rates, programs, and loan scenarios. We’ll answer questions for either your BUYERS or SELLERS. 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 12/10/2012 *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 |
2.50% |
2.705% |
2.875% |
2.931% |
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| Mortgages $417,001 – $1,500,000 | ||||
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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