News From 1st Rate Mortgage Services LLC

Have you heard? Real Estate prices are on the rise. Now is the time to purchase that dream home, second home or an income producing investment property. We have some of the lowest purchase money rates in the industry and with some programs you only need a minimum of 3% down. Please pass this along and let others know that we can help them purchase that dream home at still historically low rates.

10-Yr Fixedurrent Mortgage Rates

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

Term	Rate	Orig Fee	Disc Fee	APR
30-Yr Fixed	3.875%	0.500%	0.000%	3.997%
20-Yr Fixed	3.625%	0.194%	0.000%	3.733%
15-Yr Fixed	3.000%	0.375%	0.000%	3.164%
10-Yr Fixed	2.750%	0.375%	0.000%	2.987%
30-Yr Jumbo	4.125%	0.375%	0.000%	4.181%

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*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 06/04/2013 at 11:51 AM 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.

Insider's Industry News

Strong Gains for Home Prices in Q1 (Atlanta Included)

Data through March 2013, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices showed that all three composites posted double-digit annual increases. The 10-City and 20-City Composites increased by 10.3 percent and 10.9 percent in the year to March with the national composite rising by 10.2 percent in the last four quarters. All 20 cities posted positive year-over-year growth. In the first quarter of 2013, the national composite rose by 1.2 percent. On a monthly basis, the 10- and 20-City Composites both posted increases of 1.4 percent. Charlotte, Los Angeles, Portland, Seattle and Tampa were the five MSAs to record their largest month-over-month gains in over seven years.

"Home prices continued to climb," said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. "Home prices in all ...Continue to article

Article By:National Mortgage Professional Magazine Tue, 2013-05-28 16:31

What's Moving The Market

May : 30-Yr Fixed National Average Rate Chart

Interest rates continue to increase as the momentum builds that the Fed will begin tapering its QEs sooner than what had been thought as little as three weeks ago. The US 10-yr in May increased frm 1.63% to 2.16% last Friday and 30-yr MBSs increased 30 basis points in rate during the month. Much of the April and May data that has been released so far has been a little stronger than forecasts. German bunds fell, with 10-year yields rising to the most in three months (presently 1.55%), after Federal Reserve Bank of San Francisco President John Williams said the U.S. asset-purchase stimulus program might end this year. Williams is not a voting member at the FOMC told reports the Fed may start tapering this summer and end its easing's by the end of the year. Yet another Fed official with his thoughts; if he is correct the speed of the Fed's withdrawal would be swifter than markets presently believe.

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

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.

Georgia Residential Mortgage Licensee