Spirit Messingham's (tucsonspirit) Blog

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Real Estate Agent - Tierra Antigua Realty - SA624527000
RECENT BLOG POSTS
In a recent interview with Judy Lowe, Arizona Real Estate Commissioner,  when asked, “What are the areas of concern for ADRE?” she indicated one of them is “Coming Soon” or a “Pocket Listing,” which is on the rise.  Here is what you must know to avoid Code of Ethics, MLS & Anti-trust violations. ...
06/18/2017
 Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were near neutral the beginning on the week but fell mid-week.  The employment data was mixed.  ADP payrolls showed the economy added 154K jobs in September. Economists expected the creation of 171K jobs.  We...
10/07/2016
Mortgage bond prices finished the week near unchanged which kept rates basically flat. Rates improved Monday morning as news out of the Eurozone focused on Deutsche Bank and legal proceedings with the U.S. government. There was flight to safety buying of U.S. debt instruments as a result. That un...
10/01/2016
Mortgage bond prices finished the week higher which helped rates fall.  There was some seesaw trading but within a relatively narrow ahead of the Fed meeting Wednesday.  The Fed reduced growth projections for this year and mortgage bond prices rose which pushed rates lower Wednesday afternoon and...
09/23/2016
Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as the possibility of a Fed rate hike in the short term waxed and waned. Fed Governor Lael Brainard made dovish remarks which surprised traders who we...
09/17/2016
  Mortgage bond prices finished the week near unchanged which kept rates steady. There was some seesaw trading but within a relatively narrow margin as Fed officials continued to discuss rate increases. Fed Vice-Chair Fischer said the economy was near full employment. Consumer confidence was expe...
09/02/2016
Mortgage bond prices finished the week near unchanged holding rates steady.  New home sales printed at 654K versus the expected 580K.  Existing home sales printed at 5.39M versus the expected 5.54M units.  According to the FHFA Housing Price Index, housing prices rose at a 5.6% annual rate in the...
08/26/2016
With TRID,  loan borrowers are not allowed to sign closing documents until 3 days after they have received and signed the Closing Disclosure (CD) from the lender. If a borrower signs the Closing Disclosure on a Tuesday, then the borrower can sign loan documents on Friday. The day the CD is signed...
08/26/2016
 VA Tidewater Initiative  This process is invoked by the VA Appraiser when he is not finding comparable market data to support the purchase price of a transaction. The parties have 48 hours to supply data to the appraiser that supports the agreed upon purchase price. You do not want to have this ...
08/20/2016
Mortgage bond prices finished the week lower which pushed rates higher. Rates started the week higher and ended the week higher with only a slight reprieve Thursday. The NAHB Housing Index was higher than expected. Housing starts were 1211K versus the expected 1180K. Consumer prices were relative...
08/20/2016
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Spirit Messingham

Third Generation Full-Time Realtor® 520 471-6900
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