Westport CT Real Estate | Jillian Klaff Homes» Mortgage Rates http://jillianklaffhomes.com Real Estate Specialists Wed, 16 May 2012 18:55:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Today’s Mortgage Rates http://jillianklaffhomes.com/mortgage-rates-for-ct-mar-24-2011/ http://jillianklaffhomes.com/mortgage-rates-for-ct-mar-24-2011/#comments Wed, 09 May 2012 12:06:28 +0000 Jillian Klaff http://jillianklaffhomes.com/?p=1737

May 10, 2012- According to Lawrence Yun, NAR chief economist, said  “First quarter sales closings were the highest first quarter sales in five years.  The latest contract signing activity suggests the second quarter will be equally good”.

Learn more about first quarter’s housing market

Mortgage Rates for CT
Product Interest Rates Annual Percentage Rate Interest Rate Based
on Index + Margin
15 YR Fixed Conforming 2.875% 2.984%
15 YR Fixed Jumbo 3.500% 3.586%
30 YR Fixed Conforming 3.750% 3.827%
30 YR Fixed High Conforming 3.875% 3.932%
30 YR Fixed Jumbo 4.375% 4.434%
30 YR Fixed Super Jumbo 4.625% 4.685%
5/1 (30 Yr) ARM Conforming 2.250% * 3.108% 3.375%
5/1 (30 Yr) ARM Jumbo 2.875% * 3.277% 3.375%
5/1 (30 Yr) Portfolio ARM 2.875% * 3.277% 3.375%
* Initial Interest Rate. The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions. CT Licensed Mortgage Correspondent Lender 15524 – MA Licensed Mortgage Lender/Broker MC2630 – Licensed by the NH Banking Dept Mortgage Banker/Broker 11083MB – RI Licensed Lender/Loan Broker 20051918LL, 20051919LB – NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535
 

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]]> http://jillianklaffhomes.com/mortgage-rates-for-ct-mar-24-2011/feed/ 0 Mortgage Rates Drop http://jillianklaffhomes.com/mortgage-rate-rise/ http://jillianklaffhomes.com/mortgage-rate-rise/#comments Fri, 13 Apr 2012 12:20:28 +0000 jackies http://jillianklaffhomes.com/?p=9065

April 16,2012- According to Bankrate.com The 30-year fixed-rate mortgage fell 14 basis points to 4.11 percent. A basis  point is one-hundredth of 1 percentage point.  The 15-year fixed-rate fell 10 basis points to 3.32 percent. The average rate  for 30-year jumbo mortgages, or generally for those of more than $417,000, fell  14 basis points to 4.63.

Read more: http://www.bankrate.com/finance/news/mortgage/interest-rates-041212.aspx

Mortgage Rates for CT
Product Interest Rates Annual Percentage Rate Interest Rate Based
on Index + Margin
15 YR Fixed Conforming 3.000% 3.226%
15 YR Fixed Jumbo 3.750% 4.070%
30 YR Fixed Conforming 3.875% 3.938%
30 YR Fixed High Conforming 4.000% 4.386%
30 YR Fixed Jumbo 4.500% 4.776%
30 YR Fixed Super Jumbo 4.750% 5.038%
5/1 (30 Yr) ARM Conforming 2.500%* 3.177% 3.375%
5/1 (30 Yr) ARM Jumbo 3.250% * 3.388% 3.375%
5/1 (30 Yr) Portfolio ARM 3.125% * 3.349% 3.375%
Last updated on: 4/13/2012
* Initial Interest Rate. The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions. CT Licensed Mortgage Correspondent Lender 15524 – MA Licensed Mortgage Lender/Broker MC2630 – Licensed by the NH Banking Dept Mortgage Banker/Broker 11083MB – RI Licensed Lender/Loan Broker 20051918LL, 20051919LB – NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

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]]> http://jillianklaffhomes.com/mortgage-rate-rise/feed/ 0 Mortgage Rates for July 22, 2011 http://jillianklaffhomes.com/mortage-rates-for-ct/ http://jillianklaffhomes.com/mortage-rates-for-ct/#comments Sat, 23 Jul 2011 21:16:57 +0000 admin2 http://jillianklaffhomes.com/?p=1923 The current economy prevents the real estate market from being busy.  And although a stumbling economy means fewer jobs it also means lower mortgage rates. So if you’re in the market to purchase a home loan or refinance the one you already have, now is the time to take advantage before they rise up again.

Mortgage Rates for CT
Product Interest Rates Annual Percentage Rate Interest Rate Based
on Index + Margin
15 YR Fixed Conforming 3.500% 3.632%
15 YR Fixed Jumbo 4.375% 4.470%
30 YR Fixed Conforming 4.500% 4.646%
30 YR Fixed High Conforming 4.625% 4.682%
30 YR Fixed Jumbo 5.000% 5.116%
30 YR Fixed Super Jumbo 5.250% 5.368%
5/1 (30 Yr) ARM Conforming 3.000% * 3.099% 3.000%
5/1 (30 Yr) ARM Jumbo 3.625% * 3.265% 3.000%
5/1 (30 Yr) Portfolio ARM 3.000% * 3.087% 3.000%

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 60 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Property taxes and homeowners insurance are estimates and subject to change.

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]]> http://jillianklaffhomes.com/mortage-rates-for-ct/feed/ 0 Mortgage Rates for July 14, 2011 http://jillianklaffhomes.com/mortgage-rates-for-connecticut-jan-07-2011/ http://jillianklaffhomes.com/mortgage-rates-for-connecticut-jan-07-2011/#comments Sat, 16 Jul 2011 13:56:28 +0000 admin2 http://jillianklaffhomes.com/?p=760 It’s a great time for buyers who waited patiently for prices to come down. Why continue to rent when you can buy for 10 or 20 percent less than you would have paid a few years ago? For sellers, it could be time to consider trading up.

Mortgage Rates for CT
Product
Interest Rates
Annual Percentage Rate
Interest Rate Based
on Index + Margin
15 YR Fixed Conforming 3.500% 3.632%
15 YR Fixed Jumbo 4.375% 4.470%
30 YR Fixed Conforming 4.500% 4.646%
30 YR Fixed High Conforming 4.625% 4.682%
30 YR Fixed Jumbo 5.000% 5.116%
30 YR Fixed Super Jumbo 5.250% 5.368%
5/1 (30 Yr) ARM Conforming 3.000% * 3.099% 3.000%
5/1 (30 Yr) ARM Jumbo 3.625% * 3.265% 3.000%
5/1 (30 Yr) Portfolio ARM 3.000% * 3.087% 3.000%

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 60 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Property taxes and homeowners insurance are estimates and subject to change.

.

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]]> http://jillianklaffhomes.com/mortgage-rates-for-connecticut-jan-07-2011/feed/ 0 Mortage Rates for July 7 2011 http://jillianklaffhomes.com/mortage-rates-for-week-ending-dec-10-2010/ http://jillianklaffhomes.com/mortage-rates-for-week-ending-dec-10-2010/#comments Fri, 08 Jul 2011 05:56:04 +0000 admin2 http://jillianklaffhomes.com/?p=1877 Why you should buy that home now: The Obama administration finds itself balancing the need to spur the economy through promoting the housing and mortgage market, while protecing banks and other investors from risky morgages.  On Feb 11th it presented a broad plan to begin shrinking its support of the nations mortgage market.  Though the plan lacked details or a timeframe, the resolution is far from certain that it will be completely implemented in the next couple of years.

Mortgage Rates for CT
Product Interest Rates Annual Percentage Rate Interest Rate Based     on Index + Margin
15 YR Fixed Conforming 3.750% 3.885%
15 YR Fixed Jumbo 4.500% 4.696%
30 YR Fixed Conforming 4.625% 4.773%
30 YR Fixed High Conforming 4.750% 4.808%
30 YR Fixed Jumbo 5.125% 5.242%
30 YR Fixed Super Jumbo 5.375% 5.527%
5/1 (30 Yr) ARM Conforming 3.125% * 3.133% 3.000%
5/1 (30 Yr) ARM Jumbo 3.750% * 3.299% 3.000%
5/1 (30 Yr) Portfolio ARM 3.375% * 3.161% 3.000%

All information provided is deemed reliable but is not guaranteed and should be independently verified.

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]]> http://jillianklaffhomes.com/mortage-rates-for-week-ending-dec-10-2010/feed/ 0 Mortgage Rates for June 27, 2011 http://jillianklaffhomes.com/mortgage-rates-for-ct-dec-30-2010/ http://jillianklaffhomes.com/mortgage-rates-for-ct-dec-30-2010/#comments Tue, 28 Jun 2011 18:04:41 +0000 Jillian Klaff http://jillianklaffhomes.com/?p=1775 Interest rates continue to remain at historical lows, though they are up from where they wee several months ago.  If you are looking for a general rule of thumb, as the stock market goes, so do interest rates.  The most recent jobs report showed the unemployment numbers decreasing and most other economic indicators have been positive lately which accounts for the rising market and interest rates.

Mortgage Rates for CT
Product Interest Rates Annual Percentage Rate Interest Rate Based
on Index + Margin
15 YR Fixed Conforming 3.625% 3.759%
15 YR Fixed Jumbo 4.375% 4.470%
30 YR Fixed Conforming 4.375% 4.519%
30 YR Fixed High Conforming 4.500% 4.555%
30 YR Fixed Jumbo 5.000% 5.116%
30 YR Fixed Super Jumbo 5.250% 5.368%
5/1 (30 Yr) ARM Conforming 2.750% * 3.022% 3.000%
5/1 (30 Yr) ARM Jumbo 3.500% * 3.236% 3.000%
5/1 (30 Yr) Portfolio ARM 3.375% * 3.161% 3.000%

 

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Property taxes and homeowners insurance are estimates and subject to change.

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]]> http://jillianklaffhomes.com/mortgage-rates-for-ct-dec-30-2010/feed/ 0 Mortgage Rates Hold Low Levels – March 27, 2009 http://jillianklaffhomes.com/mortgage-rates-hold-low-levels-march-27-2009/ http://jillianklaffhomes.com/mortgage-rates-hold-low-levels-march-27-2009/#comments Fri, 27 Mar 2009 19:40:32 +0000 admin2 http://jillianklaffhomes.com/?p=1784 The Fed announcement last week about an expansion of the mortgage-backed securities (M BS) purchase program pushed mortgage rates down to the lowest levels in decades, according to the weekly surveys from the Mortgage Bankers Association (MBA) and Freddie Mac. This week, mortgage rates held the improvement, ending nearly unchanged from last Friday.

The Treasury unveiled a major new program on Monday which will establish public/private partnerships to purchase up to $1 trillion in troubled assets from banks. The program was well received by investors, and the news produced a large rally in the stock market. Significant to the mortgage market, removing these assets from banks’ balance sheets should free up room for additional investments in mortgage loans.

This week’s news in the housing sector was positive for a change. February Existing Home Sales rose 5% from January. Inventories of unsold homes were at a 9.7-month supply, about the same as last month. February New Home Sales also rose 5%. The Mortgage Bankers Association (MBA) revised higher its forecast for loan originations in 2009. The MBA now expects $2.8 trillion in mortgage originations this year, up from about $2.0 trillion in its prior forecast. The increase was due to a projected rise in activity as a result of lower mortgage rates.


Average 30 yr fixed rate:

Last week:

dn 0.30%

 

This week:

up 0.05%

 

 

Stocks (weekly):

Dow:

7,800

+400

NASDAQ:

1,560

+80

 

 

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]]> http://jillianklaffhomes.com/mortgage-rates-hold-low-levels-march-27-2009/feed/ 0 Rates Rise After Fed Meeting http://jillianklaffhomes.com/rates-rise-after-fed-meeting/ http://jillianklaffhomes.com/rates-rise-after-fed-meeting/#comments Thu, 05 Feb 2009 20:32:57 +0000 Jillian Klaff http://jillianklaffhomes.com/?p=929 Mortgage rates held steady during the first half of the week, until Wednesday’s Fed meeting. As expected, the target for the Fed Funds rate remained unchanged, close to a level of zero. Heading into the announcement, the biggest question for investors was whether the Fed would begin to purchase Treasury securities in addition to mortgage-backed securities (MBS) to help support the financial system. Hoping for a decisive plan, many investors were disappointed that the Fed merely indicated that it was ready to purchase Treasuries if “evolving circumstances” justify the action. Yields on Treasury securities rose significantly after the announcement, and in order to compete for investors, mortgage rates moved higher as well.

Also applying upward pressure on mortgage rates, a large fiscal stimulus plan moved closer to passage during the week. An $819 billion fiscal stimulus package passed a vote in the House, and the Senate is expected to consider its $900 billion version next week. The combined government spending for this new package, along with the TARP program, the MBS purchase program, and a proposed bank cleanup plan, will total trillions of dollars. An enormous amount of new debt will be issued to pay for all the government programs, and interest rates offered on all bonds may need to increase to attract investors. One positive note is that foreign investors continued to show strong demand for US bonds during the week.

In the housing sector, December Existing Home Sales rose 7% from November. Inventories of unsold homes dropped to a 9.3 month supply from 11.2 months in November. According to the National Association of Realtors, lower prices persuaded many buyers to step in. Existing Home Sales cover more than 85% of total home sales, so this report was very welcome news for the housing market. December New Home Sales didn’t perform as well, dropping 15% from November.

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John P. Grosso
William Raveis Mortgage
47 Riverside Ave.
Westport CT 06880
(203)-221-3277 direct line
(203)-221-3278 private fax
(203)-258-9889 mobile

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