The latest, but not greatest, news on the temporary (2-month) payroll tax cut is that borrowers will see at least a .10% hike to Fannie/Freddie/FHA guarantee fees effective Apr 1st, and on-going for at least 10 years. Furthermore, Congress has given the Federal Housing Finance Agency time to further analyze in early 2012 whether even more increases in these fees will be necessary. The argument was that, since rates were so low, it wouldn’t really hurt the average buyer/borrower; besides, maybe they just wouldn’t notice. HMMM !! In the meantime, rates are receiving some downward pressures because of the ongoing European debt crisis. The slowdown in economic growth (in Europe or elseswhere) reduces the demand for capital, which in turn, generally results in steady to fractionally-lower interest rates.Call if you have more questions on these comments, our rates, programs and scenarios. We want to be your trusted source for mortgage information.ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 01/03/2012
Mortgages to $417,000 (Conforming)
w/ 1 PointAPRw/ no PointAPR
30-YR3.75%3.869%3.875%3.912%
15-YR3.00%3.208%3.25%3.314%
Mortgages $417,001 – $1,500,000 **
w/ 1 PointAPRw/ no PointAPR
30-YR4.125%4.230%4.625%4.647%
15-YR3.375%3.557%3.75%3.787%
** 30-Yr from $417K to $600K @ 4.25% w/ 1.25% Point temporarily offered – APR – 4.38%
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%3.961%2.75%4.367%
Jumbo2.75%4.509%3.25%4.937%
7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming3.00%4.290%N/A N/A
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 MORTGAGE P. 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