Albuquerque Mortgage Rates

by Ashley Drake Gephart

Weekend of June 5th, 2009

loan application

Loan Program
Loan Amt
Int. Rate
Points
30 Yr Fixed
$417,000
5.500%
0+1
15 Yr Fixed
$417,000
5.000%
0+1
30 Yr FHA
$271,050
5.625%
0+1
7/1 ARM
$417,000
6.000%
0+1
5/1 ARM
$417,000
5.500%
0+1
3/1 ARM
$417,000
6.000%
0+1
Jumbo loans
>$417,000
  

 

MARKET UPDATE: This morning the news is dominated by the Unemployment numbers. The report shows the unemployment rate stands at 9.4%, the worst rate in 26 years. However, most investors are taking note of the 345,000 jobs lost last month, much lower than the anticipated 520,000. This number reflects a significant decrease in jobs lost and points to the worst of the recession being over. With a stronger economy treasury yields will rise to attract investors, which in turn means higher rates. This morning’s mortgage rates are feeling the brunt of this news and are 0.50 worse in price than yesterday’s reprice.

 

Mortgage Rates provided by:

Prospect Mortgage Albuquerque

Chris Fortin
Loan Officer
Prospect Mortgage
9201 Montgomery Blvd. NE, Ste. 405
Albuquerque, NM 87111
Phone: 505.203.3244
E-mail: Chris Fortin
Web: Prospect Mortgage/KW Mortgage Services Unlimited

For more information on home financing, visit my Albuquerque Mortgage Page.

Information is subject to change without notice.
This is not an offer for extension of credit or a commitment to lend.
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Ashley Drake Gephart

Social Media & WordPress Consultant & Trainer. Writer - Fantasy & Business. Unschooling Natty. Kicking fibromyalgia's arse. Enjoy jazz, yoga, comedy movies. Twitter fanatic.

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