ARCHIVED BLOG POSTS
2012
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The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold — its second-highest re...
05/31/2012
For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. According to this week’s Primary Mortgage Market Survey from Freddie Mac, “prime” mortgage applicants willing to pay 0.8 discount points plus closing costs can secure a mortgage rate o...
05/31/2012
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Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month — the fewest number since July 2007. Rapidly-de...
05/31/2012
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The housing market took a breather in April. After forging past its benchmark value of 100 in March, April’s Pending Home Sales Index dropped back to 95.5, its lowest reading of the year. The data suggests fewer home resales throughout AZ and nationwide in the months ahead. A “pending home” is a ...
05/31/2012
Contact: Patrick Tebo Phone: (480) 227-8989 Beautiful Riggs Homestead Home Listed at 875000 Send To Subdivision Circle G Category Homes Type Single Family Re-Sale Sq Footage 3642 Bedrooms 3 Bathrooms 2 Half Bathrooms 1 Lot Size 37109 Short Sale No Year Built 2001 Home Address 2456 E. L...
05/30/2012
HARP 2.0 We are in full swing with processing applications for the HARP 2.0 program that is designed to help those homeowners who owe more on their home than it is worth. You may be eligible to take advantage of this program and todays low interest rates. Harp 2.0 HARP stands for Home Affordabl...
05/18/2012
The government’s new, revamped HARP program is 6 weeks from release. Homeowners in AZ and nationwide are gearing up to refinance. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government’s loan product for “underwater homeowners”. HARP makes current mortgage rat...
05/18/2012
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The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready in the event additional monetary stimulus is needed. The Fed Minutes function much like the minutes from a business meeting; or, condominium association meeting, for examp...
05/18/2012
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For the second straight week, the 30-year fixed rate mortgage fell to a new, all-time low nationwide. According to Freddie Mac’s weekly mortgage rate survey, this makes this current time a great opportunity to get a mortgage!HARP 2.0 We are in full swing with processing applications for the HARP...
05/17/2012
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Homebuilder Confidence is on the rise once again. After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29. The increase marks the sharpest climb in homebuilder confidence on a month-to-month basis in 10 years, and raise...
05/17/2012
Rainer
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Rod Dennis
VP of Mortgage Lending
