Connecticut Financing Update and Today's Mortgage Rates 12/10/2012

Its a perfect time to purchase a home and/or refinance your existing home mortgages as rates are very appealing. MBS are down -4/32 (FNMA 30-yr 3.0 at 105.02), which is about 12/32 lower than yesterday at this time.  Unfavorable re-pricing took place last week.  Stronger than expected Employment data caused a decline in MBS prices this morning.  Everyone is waiting to see what will happen with the fiscal cliff that is approaching us shortly.  My personal recommendation is for everyone to start locking in rates for their home purchases or existing home loan refinancing if you are closing in the next week or so.

Today's Mortgage Rates

Conventional 30 year fixed          3.5%                   APR 3.564%

Conventional 15 year fixed          2.875%                APR 2.853%

Conventional 5/1 ARM                3.00%                  APR 3.049%

Conventional 7/1 ARM                3.00%                  APR 3.057%

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 780 and a 20% down payment.  If you would like a customized rate quote for your own specific loan scenario then please feel free to email me at nima@primeres.com or call me directly at 203.913.6016. 

 

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

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

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www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

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Copyright 2011, 2012 by Judy Szablak and BestAgentsOnline.com. All opinions, information and data provided is subject to errors and omissions. Not