mortgage rate rise arizona: AZ Homes- Mortgage Rates up to 4.58% Highest Since 2013
- 04/30/18 06:48 PM
Thinking now is the time to buy a home in Arizona? National mortgage rates, still low relatively, rose for the third consecutive week last week and are now at the highest level since 2013. Rates rose from 4.47% the week before. Interest rate movement is being affected by rising yields on US Treasury Bonds affected by rising commodity prices and boosting inflation expectations. Loans are still being approved and Down Payment Assistance in Phoenix is available
Althought the higer rates cut into the affordability of a home, the 4.58% is still below 5% and still … (3 comments)
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
Thinking now is the time to buy a home in Arizona? National mortgage rates, still low relatively, rose for the third consecutive week last week and are now at the highest level since 2013. Rates rose from 4.47% the week before. Interest rate movement is being affected by rising yields on US Treasury Bonds affected by rising commodity prices and boosting inflation expectations. 
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