Connecticut Financing Update and Today's Mortgage Rates 5/20/13

Mortgage interest rates spike back to recent highs and more possible volatility is in the near future.  Mortgage interest rates moved higher at their fastest pace in two weeks, after having their best day in more than 6 weeks just yesterday.  There's no question that the month of May has been exceptionally volatile for rates.  With all of this news about interest rates rising the rates are still very low compared to recent years and it's uncertain how long these low rate levels will last so making a move soon would most likely be your best bet.  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          3.875%              APR 3.928%

Conventional 15 year fixed          3.125%              APR 3.215%

Conventional 5/1 ARM                3.5%                 APR 3.551%

Conventional 7/1 ARM                3.375%             APR 3.426%

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.

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

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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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