Connecticut Financing Update and Today's Mortgage Rates 10/19/2012

The weather is starting to get cold but it's still a perfect time to purchase a home and/or refinance your existing mortgages.  Mortgage Backed Securities are up +5/32 (FNMA 30-year 3.0 at 104.12), which is about 3/32 lower than yesterday at this time. Unfavorable repricing took place yesterday. Early investors may have priced at a range of levels from +2/32 to +7/32. Weak US earnings have pushed stocks lower and lifted MBS this morning.  Great housing start numbers yesterday started a slight increase in rates.  Interest rates have increased about a 0.25 or so across the board since last week.

Today's Mortgage Rates

Conventional 30 year fixed          3.625%                 APR 3.678%

Conventional 15 year fixed          2.75%                  APR 2.838%

Conventional 5/1 ARM                3.00%                  APR 3.049%

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 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)

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

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Is it Possible to Buy a Home After a Short Sale in Connecticut?

Is it really possible?

If your goal is to purchase another home after a successful short sale, bear in mind that several factors come into play, and the top three are:

1. Credit
2. Income
3. Debt

A short sale will have an impact on your credit score, however ther are many variables that will play a determining factor as to whether or not you can qualify for a new loan. Although some situations are looked upon more favorable than others,  there are usally time periods associated with obtaining a new loan.

If you have any questions about purchasing after a successful short sale with thebank on your Connecticut home, and what your options are, call me. I will put you in touch with the best lenders possible to see whether you can purchase a home much sooner than you thought you could.

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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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Connecticut Financing Update and Today's Mortgage Rates 10/13/12

The weather is starting to get cold but it's still a perfect time to purchase a home and/or refinance your existing mortgages.  There are no major real estate financing news to share today.  Mortgage-backed securities are unchanged from yesterday's closing levels (FNMA 30-year 3.0 at 105.10), which is about 9/32 higher than yesterday at this time. Favorable repricing took place yesterday. Early investors may have priced at lower levels. Mixed inflation data had little impact this morning. Currently, the 10 year yield is at 1.67%.

Today's Mortgage Rates

Conventional 30 year fixed          3.375%                 APR 3.428%

Conventional 15 year fixed          2.875%                 APR 2.968%

Conventional 5/1 ARM                2.75%                  APR 2.80%

Conventional 7/1 ARM                2.875%                APR 2.925%

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)

782 Clinton Avenue

Bridgeport, CT 06604

Phone: 203.913.6016

Email: nima@primeres.com

Connecticut Financing Update and Today's Mortgage Rates 9/21/2012

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

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Connecticut Financing Update and Today's Mortgage Rates 9/17/2012

Looks like a perfect time to purchase a home and/or refinance your existing mortgages.  Treasury prices are lower this morning as markets are giving back some of yesterday's gains. Yesterday the Federal Open Market Committee statement was a major market mover.  On top of promising to keep interest rates at "exceptionally low levels" until mid-2015, the Fed will buy at least $40 billion a month in mortgage-backed securities to ensure that rates stay low.  The US economic calendar remains busy today with data that has not disappointed on consumer prices, retail sales, industrial production, and consumer sentiment.  Retail sales in the U.S. increased by 0.9% in August, the most in six months, boosted by demand for autos and higher gasoline prices, as well as back-to-school sales. U.S. consumer prices increased by 0.6% in August, in line with economists' expectations.  Excluding food and energy costs, which tend to be volatile, the core price index rose 0.1%, slightly below the 0.2% increase economists had expected.  Industrial production fell 1.2% in August, its biggest monthly percentage drop in more than three years, in part because of Hurricane Isaac but also because of a big drop in car output.  And finally, Consumer sentiment climbed higher in September to 79.2, the highest level since May. Economists had expected the index to decline to 73.5 from the final August reading of 74.3. Currently, the 10 year yield is at 1.796% and mortgages are roughly an 0.125 to 0.25 worse in price from 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

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

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

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY