|
| |
prime: Jim's Soapbox (September 2008) - 10/28/08 07:05 PM
Jim's Soapbox
(Arizona Real Estate Newsletter - September 08)
GOOD NEWS - It looks like the real estate market has taken another big step in the right direction. The rates on conforming loans have dropped significantly since last week, and many people will be able to take advantage. This rate drop should continue to increase Purchase volume and begin a potential Refinance mini-boom.
The goal of my newsletter is to provide educational material mixed with Jim's unsolicited yet fascinating opinion on the Arizona housing market and real estate ownership in general. If you would like me to address a specific … (0 comments)
|
prime: Jim's Soapbox (October 08) - 10/27/08 06:14 PM
Jim's Soapbox
(Arizona Real Estate Newsletter - October 08)
THE GOOD NEWS - New home sales rose 2.7% Nationwide in September - according to the Associated Press. This came as a surprise to many who thought it was going to drop again after an awful August where new home sales dropped 12%. This bounce-back of volume did not really shock me but the reason I mention this to you is that the West was the driving force in September sales. Here is the breakdown of that National average by region.
West +22.7%
South +0.7%
Midwest - … (0 comments)
|
prime: What did today's rate cut mean?? - 01/22/08 01:12 PM
Today's prime rate cut of .75% means that mortgage rates are going to continue to drop even lower,.. Right? Not Necessarily!!!
As much as I hope that rates continue to drop for homeowners, this rate cut does not mean that the 30 year rates will go down immediately. Rates have actually dropped significantly over the last 3 weeks on the assumption that the Feds were going to drop the Prime rate at least .50% (and some speculated that it might be as high as 1%). Had the Feds only dropped the rate .25% today, rates would actually have gone up today … (1 comments)
|
|
|
|
|
|
Jim Cunningham
Phoenix,
AZ
More about me…
Nova Home Loans - BK#0902429
Address: 5450 E High Street , Suite #260, Scottsdale, AZ, 85260
Office Phone: (602) 296-6403
Cell Phone: (602) 434-8261
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)