Rates continue to be volatile, as investors await Fed Chairman Bernanke’s response to questions to be posed by the House Financial Services Committee first on Wednesday (07-17), then on Thursday (07-18) from the Senate Banking Committee. Will QE3 taper or will the Fed remain committed to their monthly bond purchases and, if so, for how long? Although retail sales rose very slightly in June (and didn’t meet economists’ expectations), May’s numbers were also revised downward, all pointing to softer consumer spending. Last week’s reports on employment indicates that overall employment is up, yet the unemployment rates remain the same, which may indicate more part-timers are carrying second & third jobs.
The gist of all of this is that rates are now another unpredictable part of the buying process. Think strategically as you plan your “rate game”.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 07/15/2013 *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 |
4.25% |
4.372% |
4.50% |
4.357% |
| 15-YR |
3.25% |
3.459% |
3.50% |
3.563% |
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|
|
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| Mortgages $417,001 – $1,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
5.125% |
5.236% |
5.75% |
5.772% |
| 15-YR |
4.00% |
4.185% |
4.75% |
4.786% |
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Mortgages up to $2,000,000, 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