August Category

AUGUST 2011 – PHOENIX, ARIZONA’S HOUSING NUMBERS:

October 10th, 2011 PHOENIX, ARIZONA’S AUGUST HOUSING NUMBERS: This summer was a record summer for Single Family Residence leases. There were 6,892 single family leases signed compared to 5,664 in the summer of 2010. The numbers reflect the increasing amount of potential homeowners that can not buy due to foreclosures or short sales on their […]

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TODAY’S INTEREST RATES – MORTGAGE PRICING RISES, BEN BERNANKE SPEAKS

MORTGAGE PRICING RISES / BERNANKE SPEAKS: Another wild week in the mortgage markets done and likely a new one beginning. The bond market closed last week (-50 bps) down, pushing mortgage rates and pricing higher. Luckily we had a late week rally, which reversed some of the damage done earlier in the week. The FED […]

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30 YEAR FIXED RATES UP TO 4.125%

30 YEAR FIXED RATES UP TO 4.125% – MARKET VOLATILITY THE NEW NORM The market had another wild week – pushing rates up and down each day. The wild swings are becoming the new norm. What this means for you as a consumer is that your mortgage quote could change thousands of dollars in a […]

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30 YEAR FIXED RATES DROP TO 4% / WILD WEEK ON WALL STREET

30 YEAR FIXED RATES DROP TO 4% Last week was one of the craziest weeks in the financial markets since 2008. The stock market and interest rate market fluctuated greatly every day, sometimes changing mortgage pricing by thousands of dollars in a few minutes. Things can change fast due to the extreme volatility in the […]

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VA HOME LOANS – WHAT YOU NEED TO KNOW

VA HOME LOANS – WHAT YOU NEED TO KNOW A VA loan is a veteran benefit for active duty military and/or discharged veterans and their families.  A VA loan is a great loan in that it allows a veteran to do things that no other product will allow. A VA loan will allow a veteran to […]

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TODAY’S MORTGAGE RATES – MORTGAGE RATES DROP TO LOWEST LEVELS OF THE YEAR / LOAN LIMITS DECREASING ON OCTOBER 1st

TODAY’S MORTGAGE RATES / MORTGAGE RATES DROP TO LOWEST LEVELS OF THE YEAR: The US debt deal looks like it will be completed.  Most of us expected this to get done in the 11th hour, but when you don’t know, the markets get nervous. Even though the deal looks to be done, the stock market […]

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