Connecticut Financing Update and Today's Mortgage Rates 6/29/12

Treasury prices are lower this morning after the leaders at the Eurozone summit agreed to bail out banks and ease austerity measures.  Investors take the headlines out of Europe with a grain of salt, as the $149 billion economic growth plan will only be a temporary band aid.  Today's US economic calendar caps off a busy week of activity. 

The May personal income and spending report was mostly in line with expectations as spending was flat month to month but the personal income increase of +0.2% was slightly below the expected 0.3% increase.   Consumer sentiment dropped to a six-month low in June, falling to 73.2 from 79.3 in May. Currently, the 10yr yield is at 1.660% and mortgage rates are roughly 0.125 to 0.25 worse in price from yesterday morning.

 Today's Mortgage Rates

Conventional 30 year fixed          3.625%                  APR 3.683%

Conventional 15 year fixed          2.875%                  APR 3.025%

Conventional 5/1 ARM                  2.625%                  APR 3.160%

Conventional 7/1 ARM                  2.75%                    APR 3.133%

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)

 NMLS #110681

send Nima an email

Mobile: 203-913-6016
Fax: 877-804-5752

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Buying or Selling a Home in Fairfield County? We'd love to represent you.

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www.CThomesAndRealEstate.com

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