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Mortgage rate info

Home Sales Show Strength

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Lowest Rates in 50 Years

2.205% APR 15 Year Fixed

2.938% APR 30 Year Fixed

Home Purchases are showing quite a bit of strength with inventory levels down 12% from last year. Refinances were up 7% last week and are now down 5% on a year over year basis, also being compared to some high figures from last year. The refinance share of applications increased slightly to 66% of total volume. Interest rates were nearly the same as they were this time last year.

The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices rose 2.2% in June and 18.6% year over year, which is a record and up almost 2% from the annual price gains seen in the previous report and is a record high

Bottom line – We are still seeing strong levels of demand purchases, which has accelerated over the last two weeks.

The Fed will of course leave rates unchanged, but the focus will be on tapering clues. We believe the Fed will leave most of their statement unchanged and will want to wait until the November 3 Meeting before announcing tapering. They will likely want to wait to see how back to school goes as well as the impact of the delta variant. Additionally, the August Jobs Report was weak and inflation moved modestly lower. As we have mentioned, we think that inflation will start to rise again as the previous reading was removing some high figures from last year, skewing the year over year figures. In the coming months the inflation reports will be replacing lower figures.

*The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term home loan with a maximum loan amount of $548,250, a 2.00 % interest rate, $506.00 in points, a 30 day rate lock, Fixed Rate for 15 Years with 180 monthly payments of $3,529.00, a 80% Loan to Value, and a minimum credit score of 700.**The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term refinance home loan with a maximum loan, amount of 548,250 a 2.875% interest rate, $2,151 in points, 30day rate lock, Fixed Rate for 30 Years with 360 monthly payments of $2,275 a 80% Loan to Value, and a minimum credit score of 700 . **** The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. The rates quoted are for home purchase or Rate & Term Refinance loans. Refinance cash out loans may have a higher rate. The rates may change or not be available at commitment or closing or may be subject to product restrictions. Offer subject to credit approval. Rates advertised are as of Sept 13, 2021.  Rates are subject to change without notice. 178 Trinity Pass, Pound Ridge NY 10576. CT Mortgage Broker CT Department of Finance. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER NMLS #1375 & 42481. Registered Mortgage Broker NYS Department of Finance, This Website is Not Authorized by the NYDFS.  NY Clients please call 877-794 5363 as no NY applications can be taken from this site. Registered Mortgage Broker Florida Office of Financial Regulation. Loans arranged through third party providers. Verify our licensing information at www.nmlsconsumeraccess.org

what todays mortgage rates

Todays Mortgage Rates

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Mortgage Rates Plummet to
Lowest Levels in 50 Years!

 2.379%APR
15 Year Fixed

3.06% APR
30 Year Fixed

Restrictions apply

Need expert advice on a new loan?
Contact me to save big on refinancing your home.
Call: John Sauro 914-764-3261
john@northatlanticmortgage.com

Stephanie S. saved more than $2,100 per month
on her mortgage and she closed in 23 days. REALLY!

Purchase Home Loans – Debt Consolidation – Reverse Mortgage – Home Buyer Loans

Restrictions Apply *The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term home loan with a maximum loan amount of $548,250 2.125% interest rate, with discount points of $2,474.00 for a 30 day rate lock, Fixed Rate for 15 Years with 180 monthly payments of $3,559.68, a 80% Loan to Value, and a minimum credit score of 740.**The Annual Percentage Rate is based on a single family owner occupied purchase or rate & term refinance home loan with a maximum loan amount of 548,250 a 2.875% interest rate, discount points of $2052.00, 30 day rate lock, Fixed Rate for 30 Years with 360 monthly payments of $2,274.65, a 80% Loan to Value, and a minimum credit score of 740 . **** The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. The rates quoted are for home purchase or Rate & Term Refinance loans. Refinance cash out loans may have a higher rate. The rates may change or not be available at commitment or closing or may be subject to product restrictions. Offer subject to credit approval. Rates advertised are as of June 3rd, 2021.  Rates are subject to change without notice. 178 Trinity Pass, Pound Ridge NY 10576. CT Mortgage Broker CT Department of Finance. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER NMLS #1375 & 42481. Registered Mortgage Broker NYS Department of Finance, This Website is Not Authorized by the NYDFS.  NY Clients please call 877-794 5363 as no NY applications can be taken from this site. Registered Mortgage Broker Florida Office of Financial Regulation. Loans arranged through third party providers.
Verify our licensing information at www.nmlsconsumeraccess.org

Additional Stimulus May Push Rates a Little Higher

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February 7, 2021

The Senate recently passed a budget resolution which will greenlight the $1.9 Trillion Dollar relief package. This means that more Treasuries will need to be issued to pay for this package. The additional supply of Treasuries in the marketplace can cause rates to move a little higher.

If you have been thinking about refinancing or purchasing a home, now is the time. Rates are still near all-time lows and there is still an amazing opportunity to create wealth through home ownership.

Experts are predicting 6% home price appreciation in 2021. A $300,000 home would gain $18,000 in just one year with 6% appreciation.

Contact me to take advantage of these extremely low rates while they are still available.

______________________________________________________________________________

Rates as Low as

  • 2.091% APR 15 Year Fixed

  • 2.625% APR 30 Year Fixed

Restrictions Apply …read more

LEARN MORE

CALL 1-877-794-LEND (5363)

Loans, Refi, Interest Only Loans

Homes were only on the market for 21 days on average!

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Existing Home Sales were up .7% in December with a record low inventory from November. That’s a 1.9 month supply which is also a record low.  Homes were only on the market for 21 days on average!

The Median home price was $309,800, up 12.9%. Although sales on the low end were down 15%, homes above $1M were up 90% which dragged the median home price higher.

First Time Home Buyers dropped slightly from 32% to 31% even with the stiff competition for homes on the lower end. Cash buyers decreased from 20% to 19% but still remains at a high level and so the only way to beat a cash buyer is to offer more.

Did you know you don’t need 20% down to buy a home?  Allot has changed in mortgage lending these days so don’t go it alone.  Give us a call and we can inform you of many options that you may not be aware of.

Looking for Low Rates? You Found Them! Close in as Little as 23 Days!

15 Year Fixed
2.25% APR 2.46%

30 Year Fixed
2.75% APR 2.87%

Restrictions Apply Learn more

Mortgage rates can move lower and you need to be ready.

Equally important is what many of our happy clients are saying about us!

Contact us at 877-794-5363 (Lend) or Click here for a Quote 

John Sauro
Phone: 1-877-794-5363
Direct Line 914-764 3261

Email: johnsauro@gmail.com
www.northatlanticmortgage.com

Next you should tell a friend! Share this information with someone you may think needs help with their mortgage.

ny ct and fl mortgage rates

Historical Mortgage Rates in NY, CT and FL! Make Your Next Move Now.

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Historical Mortgage Rates in New York, Connecticut and Florida. So how do I get the best mortgage rate and make my move now?

In any situation to get the best mortgage interest rate you need to shop around.

Comparing quotes for home loans means you will have success in finding real savings.  Keep in mind this will take up an enormous amount of time educating yourself about mortgage programs and many many resources.

Instead you should contact a reputable and experienced Mortgage Broker.  That’s all they do, everyday, compare rates, programs and money-saving ways.

Call North Atlantic Mortgage and leave your biggest asset to an experience professional.

North Atlantic Mortgage Corp. 178 Trinity Pass Pound Ridge, NY 10576 1-877-794-5363

Call 1-877-794-LEND (5363)

Mortgage Rates Plummet to Lowest Levels in 50 Years!

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Mortgage Rates Plummet to Lowest Levels in 50 Years!

1.875%  2.10% APR – 15 Year Fixed

2.125%  2.27% APR – 30 Year Fixed

Restrictions apply
Contact me to save big on refinancing your home.
Call: John Sauro 914-764-3261
Your trusted 30 year local advisor offering Free Consultation.

Stephanie S. saved more than $2,100 per month on her mortgage and she closed in 23 days. REALLY!

  • Purchase Home Loans

  • Debt Consolidation

  • Reverse Mortgage

  • Home Buyer Loans

mortgage rates can move lower

Mortgage Rates can Move Lower

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Mortgage rates can move lower and you need to be ready.

Mortgage Rate Update Sept 25th,2020

We are guardedly optimistic that mortgage rates can move lower over the next week. So if you haven’t, sent in your loan application or haven’t locked into a rate, you’re going to want to get moving.

In the first place, my analysis of the Mortgage Bond Market Charts shows Mortgage Bonds have broken above resistance at the 25 and 50-day Moving Averages, which is the positive breakout we have been waiting for.

And secondly, next week is jobs week, The Fed inflation report and The Case Schiller housing price appreciation and pending home sales report.

All of these can influence the direction of mortgage rates.

Position- Floating

 

Positions:  Floating- (not locking into the rate)  Locking-(Lock in the interest rate)

_______________________________________________________________________________

15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Restrictions Apply

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

As a result you can maximize your financial future with our custom designed home loans. You can also expect close communication and responsiveness.

Next thing is to get a rate quote FAST?

Contact us at 877-794-5363 (Lend) 

or Click here for a Quote 

_______________________________________________________________________________

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

Email: johnsauro@gmail.com

www.northatlanticmortgage.com

Mortgage rates can move lower – and you need to be ready.

Next you should tell a friend! Share this information with someone you may think needs help with their mortgage.

What Are Today’s Rates? – See Current Mortgage Rates

Equally important is what many of our happy clients are saying about us!

Looking for Low Rates? You Found Them!

Furthermore you want to lock a low rate? Want to See Current Rates? Our Home Loan Experts Can Help. Start Saving Money Now! Compare Loans. Lock Your Rate. Get Approved Today. Start Your Mortgage.
‎Refinance Your Home Loan · ‎First Time Home Buyer · ‎Buying a New Home? · ‎5-Year ARM

mortgage rate chart

Mortgage Rate Will Increase December 1st

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The Federal Housing Finance Agency ( FHFA) announced it will be raising fees on mortgages by half a percent on December 1st. The increase will result in higher rates and fees passed on to the consumer.  Many lenders have already applied the increase to their loans. 

However, North Atlantic is  still pricing mortgage rates without the increase, for now.

So if you’re thinking of refinancing or buying. Do it now and lock in.

______________________________________________________________________________

15 Year Fixed Rate 1.875%

*APR 2.17%

30 Year Fixed Rate 2.50%

**APR 2.66%

Restrictions Apply

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.

Click for Mortgage Rate Video Update

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend) 

or Click here for a Quote 

_______________________________________________________________________________

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

Email: johnsauro@gmail.com

www.northatlanticmortgage.com

1.875% Mortgage

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15 Year Fixed Rate 1.875%

*APR 2.12%

30 Year Fixed Rate 2.50%

**APR 2.506%

Restrictions Apply

Close in as Little as 23 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

Maximize your financial future with our custom designed home loans. You can expect close communication and responsiveness.  

Click for Mortgage Rate Video Update

Get a Rate Quote FAST?

Contact us at 877-794-5363 (Lend)   

or Click here for a Quote 

John Sauro

Phone: 1-877-794-5363

Direct Line 914-764 3261

Email: johnsauro@gmail.com

 

www.northatlanticmortgage.com

 

Home Prices Are Up

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The Case-Shiller Home Price Index, showed that nationally there was a 4.3% annual gain in June, which was unchanged from the gain we saw in May. The 20-city Index rose 3.5% year over year, down from 3.6% in the previous report.

Regionally, price gains in Phoenix, Seattle and Tampa continued to be the strongest in the nation. Phoenix posted a 9% year-over-year price increase, followed by Seattle with a 6.5% increase and Tampa with a 5.9% increase. Price gains were smallest in Chicago, New York and San Francisco.

Rates as Low as

1.875% /APR 2.154%
15 Year Fixed

2.50% /2.544% APR
30 Year Fixed

Learn More

Call

877-794 Lend (5363)

Restrictions Apply

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. Home prices rose 0.9% in June and are up 5.7% year over year, which is a big improvement from the 4.9% in the previous report.

refinance mortgage home loans NY CT FL

New Home Sales, which measures signed contracts on new homes, were up 14% in July, which
was much stronger than the small gain expected. Sales are now up 36% year over year. The
median new home price increased 7.2% year over year to $330,600…but this is not
appreciation. It means that half the homes sold above and below that figure, meaning that more higher priced homes sold. Don’t let the media fool you and make you believe that people are getting priced out of homes and they are going up too fast.

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Source: MBS Hwy