News From 1st Rate Mortgage Services LLC

The rate market has rebounded slightly from the upswing we have been experiencing since November of last year. That was also the lowest rates I have seen in the 18 years I have been a loan originator. If you didn't lock in a rate in November, you missed the mark but we are still so low that the rates are only about .25% above the lows in November 2012. Now may be the best chance to lock in a rate before the market turns again and we lose more ground.

Current Mortgage Rates

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

One Month Rate Chart

Term | Rate | Orig Fee | Disc Fee | APR

30-Yr Fixed | 3.375% | 0.375% | 0.000% | 3.471%

20-Yr Fixed | 3.375% | 0.000% | 0.000% | 3.459%

15-Yr Fixed | 2.625% | 0.500% | 0.000% | 2.803%

10-Yr Fixed | 2.625% | 0.250% | 0.000% | 2.832%

30-Yr Jumbo| 3.750% | 0.375% | 0.000% | 3.805%

*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 03/06/2013 at 5:00 PM and are subject to market fluctuations. Jumbo rates are based on the above qualifications with an LTV of 75% and a loan amount of 418K. We offer better rates for lower LTV's on Jumbo loans. Jumbo's available up to 80% LTV.

Featured Product of the Month

Purchase Money Loans Up To 97% LTV:

We can help with purchase money loans with as little as 3% down with or without monthly PMI. This is a conventional loan and will allow for the PMI to fall off after certain requirements are met. While this is a great program for someone with stable income but is limited on the amount of funds available to put down on the purchase price. PMI payments may be tax deductible so make sure to consult with your accountant or CPA to see if you qualify. With that said, I always recommend putting at least 20% down to avoid PMI all together. Please let your family, friends and co-workers know I am here to help any way I can.

What's Moving The Market

Feb to March: National Average Rate Chart

It isn't good for interest rate markets when the stock markets are on a rampage higher, that of course should not be news. Yesterday the DJIA made a 200 year high, this morning in early trading in futures markets the key US indexes were adding to yesterday's gains and US interest rates are higher. From a technical perspective we warned a couple of days ago that the 10 yr note was finding strong resistance at 1.85%, trying five times in six sessions and failing; all momentum oscillators had moved to overbought levels, and the MBS price finding resistance at key chart points and unable to break above its 40 day

average. Taking a broader, more general look at mortgage rates; going back to Jan 25^th 30 yr mortgage rates have changed very little.

Article By: Sigma Research and provided by TBWS Rate Alert on 03-06-2013

HARP 2.0 will end this year. 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

1st Rate Mortgage is not authorized by, in sponsorship with or otherwise affiliated with the lender for whom this newsletter is addressed and received by.