Connecticut Financing Update and Today's Mortgage Rates 3/1/2013

Exciting to report the rates did not keep heading higher but actually ended up bouncing back a bit.  The reasons behind the relatively more positive week of rate movement were the following: the Italian election results out Monday morning had their biggest effect on Monday itself with subsequent days either drifting sideways or improving modestly.  The 10 year note finished the day at 1.84.  The beginning of March is here and if you ask Realtor Judy Szablak (covers most of Fairfield County) or other real estate professionals in your area, they will tell you that waiting to sell or purchase a property in Spring is not the best idea as we've had an early Spring for weeks now.  If you are looking to close in the next few weeks then I would suggest locking in a rate with your lender and if you are looking to close in 30+ days then I would probably let your rate float to see how rates fare over this long period of time.

Today's Mortgage Rates

Conventional 30 year fixed          3.75%                  APR 3.806%

Conventional 15 year fixed          3.00%                  APR 3.094%

Conventional 5/1 ARM                3.375%                 APR 3.018%

Conventional 7/1 ARM                3.250%                 APR 2.960%

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

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

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

How to Find an FHA Approved Condominium Complex in CT

In order to determine if a condominium complex is currently FHA approved, access HUD’s FHA approved condominium web site at https://entp.hud.gov/idapp/html/condlook.cfm or Google “FHA condominiums” (it is typically the first result). 

This condominium search page allows someone to search for FHA-approved condominium projects by the name of the condominium association, the city/state, and via other variables. 

Since slight variations in the name of the condominium can result in a complex not showing up properly in the results, it is advised to search for all condominiums in a particular town or city.  The results will display alphabetically and a searcher can easily scroll through to determine if their complex is FHA Approved. 

Note that many complexes appear on the list that were FHA approved but have now expired status.  After searching by town, scroll through the results to see if the complex you are interested in is on the list.  If it does not show up, it is not currently FHA approved.  If it does show up, scroll to the far right hand column to see if the complex is expired or will expire shortly. 

PLEASE NOTE:  Always consult with your professional with questions regarding FHA loans

Above information courtesy of:

Tim Martin

Senior Loan Officer

NE Moves Mortgage

NMLS# 16273

203-917-2800

Tim.martin@nemoves.com

www.timmartinmortgage.com

Connecticut Financing Update and Today's Mortgage Rates 2/24/2013

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

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

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 2/8/2013

It  is exciting to see the rates bounce back from highest levels seen for months after last weeks shocking news that the unemployment rate increased to 7.9% from previous 7.8%.  The market continues to be very volatile and it's extremely difficult to put your finger on where the market is heading.  The 10 year went from close of 1.95 yesterday to current levels of 1.96.  It was great to see the rates bounce back this week and we just have to wait to see what happens next week.  My recommendation is to let rates float until you are about 15 days away from closing so that you get the best interest rate available to you.

Today's Mortgage Rates

Conventional 30 year fixed          3.75%                  APR 3.844%

Conventional 15 year fixed          3.00%                  APR 3.110%

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

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

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 11/9/12

The weather is definitely cold now but it's still a perfect time to purchase a home and/or refinance your existing mortgages as rates have been on the rebound for the better.  MBS are down -3/32 (FNMA 30-yr 3.0 at 105.13), which is about 8/32 higher than yesterday at this time. Favorable repricing took place yesterday. Early investors may have priced at much higher levels around +1/32. After a strong rally following the Obama victory, MBS have given back a small portion of their gains this morning.

Today's Mortgage Rates

Conventional 30 year fixed          3.5%                    APR 3.564%

Conventional 15 year fixed          2.875%                APR 2.960%

Conventional 5/1 ARM                3.00%                  APR 3.049%

Conventional 7/1 ARM                3.00%                  APR 3.057%

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

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

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