Mortgage interest rates continued to advance upward slightly as unexpected job numbers were posted last Friday. . The rates are still very low and it's uncertain how long these low rate levels will last so making a move soon would most likely be your best bet. I would have to say that for the 11th week in a row I heard and read more about a real estate market that has turned into a seller's market which means more demand and less inventory. If you are looking to close in the next few weeks then I would suggest locking in a rate with your lender.
*Note: I currently have a Spring Special $555 off coupon for your closing costs if you're looking to refinance or purchase a new home. Contact me for more details.
Today's Mortgage Rates
Conventional 30 year fixed 3.625% APR 3.678%
Conventional 15 year fixed 3.00% APR 3.090%
Conventional 5/1 ARM 3.125% APR 3.175%
Conventional 7/1 ARM 3.25% APR 3.301%
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.
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)
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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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