Rates experienced some downward pressure from last week, based upon multiple factors including weaker-than-expected employment data and increasing tensions with North Korea . Also, Bank of Japan is buying its own bonds in order to help boost their economy – similar to the U.S. strategies. We suggest that borrowers lock their rates because, although rates have drifted downward, the likelihood of a quick upward movement outweighs the advantage of a potential tiny drop in rates. Caution should be a key strategy.
If you find yourself needing a QUICK closing, we can generally close in less than 30 days – FASTER, if needed, many times.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 04/08/2013 *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) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.25% |
3.365% |
3.375% |
3.401% |
| 15-YR |
2.50% |
2.705% |
2.625% |
2.686% |
|
|
|
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| Mortgages $417,001 – $1,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.75% |
3.852% |
4.125% |
4.145% |
| 15-YR |
3.125% |
3.306% |
3.50% |
3.537% |
|
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