2011 Category

BANKS ACCEPTING MORE SHORT SALES IN MARICOPA COUNTY, ARIZONA

BANKS ACCEPTING MORE DISTRESSED SALES IN MARICOPA COUNTY March 2nd, 2012 When the housing bubble first burst in Arizona, most banks were taking back delinquent properties versus working with home owner’s to sell their property at a loss.  Recent statistics show that banks are more and more likely to accept a short sale or sell […]

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MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75%

MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75% February 6th, 2012 The MBS Market closed last week trading up (+ 3 bps).   Rates were better for the majority of the week, but a large stock rally and MBS market downward trend caused rates to pull back on Friday.  Overall, mortgage rates are a […]

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LOWEST MORTGAGE RATES EVER!! – OBAMA’S MASS REFINANCING PROGRAM

LOWEST MORTGAGE RATES EVER!! January 9th, 2012 The MBS Market closed last week trading up (+ 25bps).  This was another great week for interest rates that saw fixed rates reach their LOWEST LEVELS EVER!!  In the history of the mortgage industry, borrowers have never been able to get better mortgage pricing than they can now.  […]

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2012 – MORTGAGE RATES END THE YEAR ON A HIGH NOTE

2012 – MORTGAGE RATES END THE YEAR ON A HIGH NOTE January 4th, 2012 The MBS (mortgage backed security) market closed last week trading up (+ 87 bps).  We saw some great pricing improvement and rates continue to remain around their all time lows.     As stated in the last rate update, I still don’t […]

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MORTGAGE RATES LIKELY TO RISE IN 2012

HAPPY NEW YEAR – MORTGAGE RATES LIKELY TO RISE IN 2012 December 27th, 2011 The bond market closed last week trading down (- 66 bps).  Interest rates/pricing rose last week by approximately .5% in costs.  This week will likely remain stable but we could see further rate increases next week.  I expect rates to rise […]

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MORTGAGE RATES REMAIN AT RECORD LOWS

MORTGAGE RATES REMAIN AT RECORD LOWS: December 19th, 2011 The bond market closed last week trading up (+ 66 bps). Another good week for the bond market but we have reached a level where rates aren’t really going any lower, regardless of the bond market. Some lenders have raised their pricing a little bit, even […]

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MORTGAGE PRICING BACK TO LOWEST LEVELS EVER!!

MORTGAGE PRICING BACK TO LOWEST LEVELS EVER!! December 14, 2011 It has been a great week for interest rates.  The bond market has rallied + 65 bps this week, pushing mortgage rates and pricing back to their lowest levels EVER!! As I have discussed in previous updates, pricing can get better but rates should not […]

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MORTGAGE PRICING IMPROVES ; HARP 2.0 UPDATE

MORTGAGE RATES IMPROVE: December 5th, 2011 Fixed Mortgage rates improved slightly last week with the bond market closing + 53 bps.  ARM pricing has started to creep a bit higher lately.  ARM loans are less tied to the bond market than fixed loans are.  There is not too much data coming into the markets this […]

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TODAY’S MORTGAGE RATES ; INTEREST RATES REMAIN STABLE

TODAY’S MORTGAGE RATES: November 28th, 2011 During the past few weeks we have really seen a stable market for interest rates. Last week the bond market closed even (0 bps), keeping rates relatively the same as the week before. Rates have basically remained at the same levels for most of November. I still recommend LOCKING […]

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TODAY’S MORTGAGE RATES , HARP 2.0 GUIDELINES RELEASED

TODAY’S MORTGAGE RATES: November 21st, 2011 The bond market closed another see-saw type week with trading ending at + 6 bps on the week.  Mortgage interest rate pricing has basically stayed the same and I expect more of the same results this week.  Although this is a work shortened week in America, Europe and Asia […]

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