There was little news and no new data today, and the markets provided little direction this morning, although it still looks like a perfect time to purchase a home and/or refinance your existing mortgage(s). Spain and the European Commission are in discussions about bond purchase reforms that could potentially lead to a bailout, but that is all speculation at this point. However, conflicting reports indicated that Spain and Italy will not voluntarily seek a bailout unless their hand is forced by a spike in debt yields. Currently, the 10 year yield is at 1.774% and mortgages are slightly better than yesterday morning.
Today's Mortgage Rates
Conventional 30 year fixed 3.5% APR 3.546%
Conventional 15 year fixed 2.875% APR 2.956%
Conventional 5/1 ARM 2.5% APR 3.036%
Conventional 7/1 ARM 2.75% APR 3.065%
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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The Featured Home of the Week is a three bedroom, three bath home on 1.24 acres on 4 Highwood lane in Westport for just $700,000. 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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