Rates are expected to be volatile again this week, with Friday expected to be the most active day of the week. Today, the institute for Supply Mgmt announced a stronger reading than last month, while forecasts expected a November decline. This means that more of the surveyed business executives reported stronger manufactured goods orders in November than in October, indicating growth in the manufacturing sector – good news for the economy but resulting in forcing interest rates up somewhat. Remember, rates usually follow movement in the stock markets, so if the stock markets are up, usually so are rates. December is expected, at this time, to be a “hot” market, so heads up on rates.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 12/02/2013 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| FIXED RATE Mortgages to $417,000 (Conforming) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.25% |
4.375% |
4.50% |
4.541% |
| 15-YR |
3.25% |
3.437% |
3.50% |
3.569% |
| FIXED RATE Mortgages $417,001 – $2,500,000 (Jumbo) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.625% |
4.733% |
5.00% |
5.021% |
| 15-YR |
3.625% |
3.808% |
4.375% |
4.411% |
| ADJUSTABLE RATE Mortgages to $417,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
2.75% |
5.936% |
3.125% |
6.199% |
| 7/1 ARM |
3.125% |
5.745% |
3.50% |
6.092% |
| ADJUSTABLE RATE Mortgages $417,001 – $2,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
3.125% |
6.270% |
3.75% |
6.762% |
| 10/1 ARM |
4.125% |
5.991% |
4.50% |
6.337% |
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Mortgages up to $2,500,000, other 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