Connecticut Financing Update and Today's Mortgage Rates 2/24/2013
Sunday, February 24, 2013 at 3:17PM
Judy in Guest Contributor-Financing, loan, mortgage
Mortgage rates inched up compared to recent rates.  Overall the rates are still in 6 month high levels and current homeowners probably should spend some time this weekend talking about a possible refinance.  I have been telling my clients to lock in their rates if they are going to close within the next few weeks as the trend has been upward with rates.  The fed is supposed to be publicly talking next week so it is going to be important to listen to them to see what they have to say which will most likely effect interest rates. Everyone in the financial industry has also been talking about how the Italian elections could cause some movements in US markets.

Today's Mortgage Rates

Conventional 30 year fixed          3.875%                APR 3.969%

Conventional 15 year fixed          3.125%                APR 3.3.235%

Conventional 5/1 ARM                3.25%                  APR 3.012%

Conventional 7/1 ARM                3.375%                APR 3.141%

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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Article originally appeared on Fairfield County CT Real Estate & Homes for Sale in Easton, Fairfield, Norwalk, Trumbull & Westport, Connecticut (http://www.thectrealtyblog.com/).
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