scottsdale

40 Under 40 Applications – Scottsdale Area Association of Realtors

· March 8, 2018 · Uncategorized · , , , , , , , , , , ,

I am on the YPN committee (Young Professionals Network) this year.

We are now accepting applications for 40 under 40. 

A 40 under 40 winner is a Scottsdale area realtor that demonstrates business success, professional leadership, community engagement, and industry involvement.  Applicant must be under 40 years of age as of May 9th, 2018.

Applicants must submit their own applications with the link below:

https://saar.formstack.com/forms/40under40app_copy

The deadline to submit applications is 4/2 at 5 pm.

A ceremony in honor of the winners will be held at SAAR (Scottsdale Area Association of Realtors) on Wednesday May 9th, 2018.

Good luck to all the applicants.


 

 

 

 

 

 

 

 

 

 

40 Under 40 Applications – Scottsdale Area Association of Realtors

 

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LISTING BOOSTER – INCREASE YOUR LISTING’S EXPOSURE FOR FREE

· May 8, 2014 · Online Marketing for Real Estate, Social Media Marketing for Real Estate, Uncategorized · , , , , , , , , , , , ,

LISTING BOOSTER – INCREASE YOUR REAL ESTATE LISTING’S EXPOSURE FOR FREE

banner

Listing Booster is a software system that is meant to help real estate agents better market their listings and capture leads in the process.

Listing Booster is a system that I pay for that is free to you. Below are the main features of Listing Booster:

The system automatically pulls your MLS listings and creates:

Specific property websites with your design/branding, virtual tour, and lead capture pages:

Prop specific

 

 

 

 

 

 

 

A Youtube video virtual tour for every property – that typically ranks high on Google and other search engines:

Youtube

 

 

 

 

 

Text message virtual tours with lead capture – send to prospects or use with a sign rider/flyer:

mobiletour

 

 

 

 

 

 

 

Automatically market all of your listings onto your Facebook fan page:

Facebook

 

 

 

 

 

The system also adds a virtual tour to Zillow and Trulia so prospective buyers can be directed to your property webpage:

zillow

trulia image

 

 

 

 

 

The best part about Listing Booster is it’s absolutely free and once you create your profile – the system is on autopilot and automatically markets any new listings you add to MLS.

free

 

 

 

 

 

 

Take a look at the promo video at http://www.listingbooster.com and call or email me and I can send you an invitation to sign up.
This is a free and easy way to better market your listings and capture leads in the process.

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Reggie Green
Crossline Capital Corporation
Mortgage Banking Division
4135 S. Power Road, Suite 125
Mesa, AZ 85212
NMLS# 229993
Direct Line: 480-206-5577
Fax: 480-302-5871
rgreen@crosslinecapital.com
http://www.mortgagenewsandrates.com

Real Estate Listing, Increasing Exposure for Real Estate Listing, Marketing Listing, Online Marketing of real estate listing, Virtual home tour, text message home tours, text message home tour sign riders, Social media marketing of real estate, zillow home marketing, trulia home marketing, craig’s list home marketing, Arizona real estate, Scottsdale Real Estate, Phoenix Real Estate, Tempe Real Estate, Chandler Real Estate, Gilbert Real Estate, Glendale Real Estate, Scottsdale Mortgage Banker, McCormick Ranch Mortgage Banker.

Listing Booster – Increase your real estate listing’s exposure for free

 

INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

· April 14, 2014 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, apr, April 2014 Mortgage Interest Rates, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona Refinance, Bond Market, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, Colorado Refinance, Conforming interest rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, FHA, FHA no appraisal refinance, FHA streamline refinance, Freddie Mac, Uncategorized, HARP, HARP 2.0 interest rates, HARP 3.0, HARP 3.0 interest rates, HARP rates, Home Loan, home purchase loan, interest rates, Jumbo rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage apr's, mortgage backed securities, Mortgage Rates, mortgage rates improve, No appraisal refinance, points, Rates, Real Estate, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, VA · , , , , , , ,

INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

April 14th, 2014

Interest rates continued their hot streak that started last week with the March employment report. Stocks continue to trade down which is helping drive money to the Bond market and the Mortgage Backed Security Market (MBS).

The MBS market has traded up 6 of the past 7 days and the one day that it didn’t trade up, it traded even.  The MBS market closed last week up + 47 bps.

Interest rates are now at their lowest levels in a month and close to their lowest levels of 2014.

30 year fixed rates at 4.25% are now available paying .32 points, and a 4.375% is available with 0 points. A well qualified customer can get a 15 year fixed rate at 3.25% for .81 points, and 3.5% with 0 points.

Monday could be very telling. Usually rates don’t move one way for too long. Interest rate pricing has improved for 6 straight days. We are bound to have a rebound day soon.

For a free email mortgage quote, please email go to http://www.freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% with 0 points

20 Year Fixed at 4.125% with 0 points

TODAY’S INTEREST RATES:

**APR’s listed in rate sheet illustration**

30 year fixed:     4.25% – .31 points,       4.375% – 0 points

20 year fixed:      4% – .38 points,        4.125% – 0 points

15 year fixed:       3.25% – .81 points,      3.5% – 0 points

10 year fixed:      2.875% – .83 points,      3.125% – 0 points

5/1 ARM:      2.625% – .86 points,      2.875% – 0 points

7/1 ARM:      3% – .99 points,       3.25% – 0 points

30 year fixed FHA:     3.75% – .37 points,      3.875% – 0 points

15 year fixed FHA:      3.125% – .67 points,      3.25% – 0 points

30 year fixed VA:      3.75% – .12 points,        3.875% – 0 points

Today's Interest Rates - April 14th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. April 14th 2014 30 year fixed rates, April 15th 2014 30 year fixed rates, April 16th 2014 30 year fixed rates, April 17th 2014 30 year fixed rates, April 18th 2014 30 year fixed rates, April 19th 2014 30 year fixed rates, April 20th 2014 30 year fixed rates, April 21st 2014 30 Year Fixed Rates.

INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

INTEREST RATES CREATE NEW LOWS FOR 2014!!

· January 27, 2014 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10/1 ARM, 10/1 ARM rates, 15 year fixed, 15 Year Fixed FHA Rates, 15 year fixed rates, 20 year fixed, 20 year fixed rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 year fixed, 30 Year Fixed FHA rates, 30 year fixed rates, 30 Year Fixed VA Rates, 5/1 ARM, 5/1 ARM rates, 7/1 ARM, 7/1 ARM rates, Adjustable Rate Mortgage, apr, arizona, Arizona direct lender, arizona foreclosure, arizona home loan, Arizona home loan interest rates, Arizona home values, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, arizona short sale, ARM rates, Bond Market, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, california real estate agent, california realtor, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, colorado real estate agent, colorado realtor, Colorado Refinance, Conforming, Conforming interest rates, Conforming Loans, Conforming rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, direct lender, distressed sales in arizona, DU Refi Plus, Fannie Mae, February 2014 Mortgage interest rates, FED, FED taper bond purchasing, Federal Open Market Committee, Federal Reserve Board, FHA, FHA 15 Year Fixed, FHA 30 Year Fixed, FHA Interest Rates, FHA no appraisal refinance, FHA rates, FHA streamline refinance, Fixed interest rates, Fixed Rates, FOMC, FOMC meeting, foreclosure, Freddie Mac, Uncategorized, HARP, HARP 3.0, HARP 3.0 interest rates, HARP eligibility increases, HARP Interest Rates, HARP rates, High balance interest rates, High Balance Loan, Home Loan, home purchase loan, home values, Interest Only Loan, interest rates, Interest Rates improve, Interest Rates of January 2014, January 2014 interest rates, January 2014 mortgage interest rates, January 2014 mortgage interst rates, loan officer, locking a loan, maricopa county, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, phoenix, points, QE 3, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, scottsdale real estate agent, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, US economy, VA, VA Interest Rates, VA rates · , , , , , , , , , , ,

INTEREST RATES CREATE NEW LOWS FOR  2014

January 27th, 2014

Interest rates continued their hot streak ahead of the FED statement on Wednesday.  Mortgage interest rates pushed to new lows in 2014 with the stock markets having a big sell off and investors transferring money into safer investments.

This improvement in rates could be temporary depending on if the stock markets bounce back.  I would strongly recommend locking as these are the lowest rates I have seen in close to 2 months.

The Federal Open Market Committee (FOMC) will release a statement on Wednesday that will likely have a major impact on rate pricing.  Experts are still torn on whether the FED will keep current bond purchasing levels or reduce them another 10 million.     

If the FED reduces its bond purchasing again, expect to see rates bounce back higher.  

Have a great week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.125% with 0 points

10 Year Fixed at 3.25% with 0 points

TODAY’S RATES:

30 year fixed:     4.25% – 1 point,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4% – .92 points,     4.125% – 0 points,     4.375%  – $0 costs

15 year fixed:   3.375% – .73 points,     3.5% – 0 points,     3.75% – $0 costs

10 year fixed:   3% – .95 points,     3.25% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.875% – .86 points,     3.125% – 0 points,     3.375% – $0 costs

7/1 ARM:    3.25% – .78 points,     3.5% – 0 points,     3.75% – $0 costs

30 year fixed FHA:     3.75% – .46 points,     3.875% – 0 points,     4.125% – $0 costs

15 year fixed FHA:    3.25% – 0 points     3.625% – $0 costs

30 year fixed VA:     3.75% – .43 points,    3.875% – 0 points,    4.25% – $0 costs

Today's Interest Rates - January 27th, 2014

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  Arizona Home Loans, California Home Loans, Colorado Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  January 26 2014 mortgage rates, January 27 2014 mortgage rates, January 28 2014 mortgage rates, January 29 2014 mortgage rates, January 30 2014 mortgage rates, January 31st 2014 mortgage rates, February 1st 2014 mortgage rates, February 2nd 2014 mortgage rates.

Interest Rates create new lows for 2014

HOME VALUES RISING ACROSS MARICOPA COUNTY

· May 2, 2012 · arizona, arizona foreclosure, Arizona home values, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, arizona realtor, Arizona Refinance, arizona short sale, bank owned sale, carefree, cave creek, chandler, distressed sale, distressed sales in arizona, gilbert, glendale, home prices, home values, loan officer, Loan to Value, maricopa county, maricopa county foreclosures, maricopa county short sales, May 2012, phoenix, Real Estate, Real Estate Agent, scottsdale, scottsdale real estate, sellers market, short sale, short sale specialist · , , , , , , , , , , , , ,

HOME VALUES RISING ACROSS MARICOPA COUNTY:

May 2nd, 2012

Statistics continue to show that home values are starting to recover across Phoenix and Maricopa County.

Low inventory and high demand are pushing up values.  Many buyers are finding the need to put in offers quickly, as a home can have multiple offers the first day on the market.  This is also creating higher value offers, as a buyer would like to distinguish their offer from the others.  Offers over listing price are not uncommon.   

It may be a more difficult process finding a home in this market, but rates are great, and values trending up will only help our market in the future.

In comparing March of 2012 versus March of 2011, the value per square foot in Maricopa County went up 15%!!

We are also seeing less and less bank owned sales, which are typically for lower prices as the bank would like to get the property off their books. 

Lender owned sales are down 53% from March of 2011 to March of 2012.

Short Sales are up 51%.

Even though short sales are up, the total amount of distressed property sales are down 42%.  And the total amount of non distressed sales are up 32%.

This combination of low inventory, high demand, and less distressed property sales are pushing values back up in Maricopa County.

Home Values Rising Across Maricopa County.

BANKS ACCEPTING MORE SHORT SALES IN MARICOPA COUNTY, ARIZONA

· March 2, 2012 · 2011, 2012, arizona, arizona foreclosure, Arizona Real Estate, arizona realtor, arizona short sale, Bank repossession, Banks, buyers market, chandler, distressed sales in arizona, foreclosure, gilbert, glendale, home prices, home values, maricopa county, maricopa county foreclosures, maricopa county short sales, mesa, mortgage, Notice of Default, phoenix, Real Estate, Real Estate Agent, scottsdale, scottsdale real estate, scottsdale real estate agent, short sale, short sale specialist, short sale statistics, Short Sales and Foreclosures, surprise, underwater, underwater home, upside down home · , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 the home at an investor auction versus taking back a delinquent home.  This is encouraging for homeowners exploring a short sale, as data suggests that there is a higher likelihood of a short sale going through.   

There are many benefits to a short sale – the most important one being that most short sales include a clause where the homeowner is no longer responsible to repay the bank.  When a home is foreclosed upon and taken back, the bank can come after you for a numbers years if they should choose to do so.

STATISTICS FOR DISTRESSED SALES AND TAKE BACKS IN MARICOPA COUNTY:

In 2011, There were 62,156 distressed title transfers

34,634 were short sales or investor sales   /   27,522 were properties taken back.

In 2010, There were 67,208 distressed title transfers

28,490 were short sales or investor sales   /   38,718 were properties taken back by the bank.

In 2009, There were 60,682 distressed title transfers

20,065 were short sales or investor sales   /   40,797 were properties taken back by the bank.

As more and more banks are willing to accept short sales, delinquent homeowners should attempt to work on a short sale versus giving the property back.  In most cases, a homeowner will get a check for closing a short sale and they do not have to worry about the bank coming after them in the future for losses incurred.

*data obtained from Fletcher Wilcox at Grand Canyon Title Agency.

BANKS ACCEPTING MORE SHORT SALES IN MARICOPA COUNTY, ARIZONA

AUGUST 2011 – PHOENIX, ARIZONA’S HOUSING NUMBERS:

· October 11, 2011 · arizona, Arizona Real Estate, August, chandler, consumer, foreclosure, gilbert, glendale, home prices, home values, mesa, mortgage, October, October 2011, phoenix, Real Estate, Real Estate Agent, rents, scottsdale, scottsdale real estate, scottsdale real estate agent, short sale, tempe · , , , , , , , , , , , , , , , , , , , , , , , , ,

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 credit. 

Hopefully something is done to lower the amount of time needed to elapse to qualify for a new loan after a foreclosure or short sale. There are a very large number of possible home owners that  have these on their records due to the large drop in home prices.  If the credit requirements do not change, we will continue to see Arizona residents in leases that would typically own a home.

Even though leases are up,   sold inventory continues to post impressive numbers. 8,817 sales were recorded in Maricopa County in August of 2011. This compared to 7,358 for August of 2010. Median home prices are still slightly down compared to this time last year.

Overall, August was a great month for the Arizona housing industry. The more sales we have, the more the industry is turning over the vast amounts of REO and short sale homes on the market. These need to sell and we need to move to a more traditional market for the prices to rise again.

August 2011, Phoenix, Arizona Housing Numbers

A Short Sale in Scottsdale, Arizona Solves Problems For Buyers And Sellers Alike

· September 28, 2011 · arizona, Arizona Real Estate, Bankruptcy, chandler, foreclosure, gilbert, glendale, home prices, home values, lender, mesa, Notice of Default, phoenix, Real Estate, Real Estate Agent, scottsdale, scottsdale real estate, scottsdale real estate agent, sellers market, September, September 2011, short sale, short sale specialist, Short Sales and Foreclosures, Taxes, tempe · , , , , , , , , , , , , , , , , , , , ,

A Short Sale in Scottsdale, Arizona Solves Problems For Buyers And Sellers Alike

When it comes to short sales, likely you have heard things both good and bad about the process. In general, it is a good way to help a homeowner get out from under mortgage payments that you can no longer afford, without having a major negative impact on their credit score. If you live in the Scottsdale area or are looking to buy a home in the area, learn more about this process and the benefits offered to both buyer and seller.

In today’s economic climate, many homeowners are finding that they owe more on their home than what it is worth. Due to loss of income, unemployment, bankruptcy, divorce or other extenuating circumstances they can no longer pay their mortgage. If this describes you current financial situation, you are likely facing foreclosure, which is something you would rather avoid if at all possible. As Certified Distress Property Experts in Scottsdale, Arizona, we can help you negotiate the short sale process with your lender, so that you can sell your home for less than you owe to a willing buyer.

Scottsdale, Arizona is a very desirable city where home prices may be considered out of reach, but Short Sales and Bank owned properties have lowered prices and this could be a great time to get into the Scottsdale housing market. The short sale process allows buyers to purchase their dream home for considerably less money, which is ideal for today’s home buyer. We specialize in Scottsdale real estate and know the values of the homes in this area, and can easily find a property that fits within the price range of the buyer’s requirements.

If you are a homeowner trying to get out from under your mortgage, you may wonder why a lender would take an amount less than what you owe on your home. Lenders would generally rather have some money on the property, as they are not in the business of owning or managing property. While foreclosure may drop your credit score by as much as 250 points, the short sale process generally drops it by only 100 points. You can also purchase another home of your own quicker, while foreclosure usually results in a wait of 5 to 7 years or longer.

Buyers looking for a home in the Scottsdale area will find that short sales allow them to purchase a beautiful home for a price they can afford. For example, a home may be worth $500,000.00 or more, but the lender may be willing to settle for $375,000. 00. This saves you a substantial amount of money, and you get a lot more home for your money.
Either way, the process is an involved one that most people do not want to enter without the advantage of a Scottsdale real estate professional on their team. As Certified Distressed Property Experts, we can negotiate and handle the bulk of the work, making the process both easier and less time consuming. If you are looking to buy or sell in Scottsdale, Arizona contact a reputable Certified Distressed Property Expert like us to make the entire process quick and seamless.

Stephen Proski

RE/MAX Achievers

Scottsdale, Arizona

602-620-2164

office@az-homes4u.com

A Short Sale in Scottsdale, Arizona Solves Problems For Buyers And Sellers Alike

ARIZONA HOUSING STATISTICS – BREAKING RECORDS!!

· July 29, 2011 · Arizona Real Estate, buyers market, chandler, consumer, direct lender, foreclosure, gilbert, glendale, home prices, home values, July, mesa, phoenix, Real Estate, Real Estate Agent, rents, sellers market, short sale, Short Sales and Foreclosures, tempe · , , , , , , , , , , , , , , ,

ARIZONA HOUSING  STATISTICS  :  BREAKING RECORDS!!

June was a record month for Arizona housing.  10,868 home sales occurred in June of 2011, surpassing the previous record of 10,252 units sold in June of 2005.

June was also a record month for home leases of Single Family Residences.  2,280 new leases were executed last month, beating the previous record of 2,002 leases in July of 2008.

Typically home sales and leases go in the opposite direction, but with all the short sales and foreclosures occurring – there are a lot of people changing residences. 

Arizona short sales also set a record, contributing to 2,734 sold units – up 33% from May.

We are still very much in a market fueled by investors.  41% of Single Family Residences sales were purchased in cash.  29% with conforming loans, 24% with FHA loans, 4% with VA loans, and 2% with others.

Lastly, the median home price in Arizona increased in June to 111,000 from 109,000 in May. 

(Arizona Housing statistics – breaking records – from Reggie Green @ Crossline Capital)

Licensed in Arizona, California and Colorado.

MORTGAGE RATES BACK TO LOWEST LEVELS OF THE YEAR – 6/27/11

· June 27, 2011 · Adjustable Rate Mortgage, Arizona Real Estate, Bernanke, Bond Market, california real estate, chandler, colorado real estate, Conforming Loans, direct lender, double dip, Fannie Mae, FHA, foreclosure, Freddie Mac, gilbert, glendale, Uncategorized, HARP, Interest Only Loan, interest rates, loan officer, Loan Officer Compensation, mesa, mortgage backed securities, mortgage banker, mortgage insurance, Mortgage Rates, phoenix, Real Estate, Real Estate Agent, scottsdale, short sale, Short Sales and Foreclosures, Taxes, tempe · , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

MORTGAGE RATES BACK TO LOWEST LEVELS OF THE YEAR:  The bond market closed the week 56 bps higher – pushing rates back to the lowest levels of the year.  This ended 2.5 weeks of the bond market going down, pressuring rates higher.

30 year fixed rates are now back to 4.375% with a portion of a point.  20 year fixed loans are back to 4.25%.  5/1 ARMS are down to 2.875%.

We are now in the last week of the FED purchasing mortgage backed securities program – QEII.  The market will now determine interest rates without the FED manipulating demand.

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