Connecticut Financing Update and Today's Mortgage Rates 10/13/12

The weather is starting to get cold but it's still a perfect time to purchase a home and/or refinance your existing mortgages.  There are no major real estate financing news to share today.  Mortgage-backed securities are unchanged from yesterday's closing levels (FNMA 30-year 3.0 at 105.10), which is about 9/32 higher than yesterday at this time. Favorable repricing took place yesterday. Early investors may have priced at lower levels. Mixed inflation data had little impact this morning. Currently, the 10 year yield is at 1.67%.

Today's Mortgage Rates

Conventional 30 year fixed          3.375%                 APR 3.428%

Conventional 15 year fixed          2.875%                 APR 2.968%

Conventional 5/1 ARM                2.75%                  APR 2.80%

Conventional 7/1 ARM                2.875%                APR 2.925%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 740 and a 20% down payment.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under any applicable law.

 

As a lending professional, Nima Rezvan meets a wide range of real estate lending needs, whether it be a first time purchase, second home purchase, or refinance. He welcomes the opportunity to serve your needs with quick and accurate real estate financing advice. With his expertise and knowledge, he will make sure you understand the features associated with the loan program you choose and that it meets your unique financial situation.

With more than 10 years of mortgage lending experience, Nima specializes in  Conventional Mortgages,  Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)

782 Clinton Avenue

Bridgeport, CT 06604

Phone: 203.913.6016

Email: nima@primeres.com