News From 1st Rate Mortgage Services LLC

It has been an historic year for interest rates. It is truly shocking to see the rates staying as low as they have. We know they will start to trend up eventually, we just don't know when that will be. So, regardless of who holds your mortgage now, just remember that we can offer our great rates and low costs to everyone who qualifies. If you can get a loan from your bank or current lender, we can offer you the same loan at a lower rate and lower costs.

We would like to extend our wishes to you and your family for a Happy Holiday season and a wonderful New Year. May your holidays will be filled with great company from family and friends.

Current Mortgage Rates

We can help you with a new purchase or refinance your existing loan with these great rates!

Payment Calcuator

Term | Rate | Orig Fee | Disc Fee | APR

30-Yr Fixed | 3.125% | 0.750% | 0.000% | 3.248%

20-Yr Fixed | 3.125% | 0.500% | 0.000% | 3.270%

15-Yr Fixed | 2.500% | 0.375% | 0.000% | 2.691%

10-Yr Fixed | 2.500% | 0.250% | 0.000% | 2.717%

5/1 ARM | 2.375% | 1.000% | 0.000% | 2.521%

30-Yr Jumbo| 4.125% | 0.000% | 0.000% | 2.815%

5/1 ARM Jumbo| 2.75%| 0.000% | 0.000% | 4.201%

*Posted rates and APR's are based on primary residence, Purchase or Rate and Term Refinance loan amount of $165K, 80% LTV, mid credit score of 740 or higher, full income and asset verification. Rates and origination fees as of 12-03-2012 at 5:00 PM and are subject to market fluctuations. Jumbo rates are based on the above qualifications with an LTV of 80% and a loan amount of 418K. We offer better rates for lower LTV's on Jumbo loans.

Featured Product of the Month

HARP 2.0 Refinance Up To 150% Loan-To-Value:

We can refinance your existing mortgage over 80% LTV and up to 150% upside-down with no private mortgage insurance if you are HARP 2.0 eligible and meet our lender's requirements. To find out more about HARP 2.0, click on the HARP FAQ's link under HARP Quick Links above and to the left.

What's Moving The Market

This Week; US interest rates open at their highest level since early Nov. Last week rates increased in better equity markets in the US and Europe and estimates of strong retail spending over the Thanksgiving weekend. Now that the holiday is over markets will re-focus on the fiscal cliff. There is an increasing sentiment that politicians will come up with something that will avoid the cliff; however it isn't likely that whatever Congress and the Administration agree on will solve the serious fiscal problems. The most likely outcome before the end of the year is an extension of the Bush tax cuts into next year with a deadline to actually agree on a longer term fix.

Article By: Sigma Research and provided by TBWS Rate Alert on 11/26/12

HARP 2.0 will end in 2013. With rates still at all-time lows, now is the best time to check into refinancing if you, your friends or family have not done so already. We will dedicate as much time and help as is needed to each person that inquires about refinancing. All I can ask is that you have them call me and I will take it from there. Honestly, they will appreciate you thinking of them.

Sincerely,

Joseph Adsit
President / Sr Loan Originator

NMLS #216585

1st Rate Mortgage Services LLC

NMLS #771904

770-334-8451

joe@1stRateMtg.com