Spirit Messingham's (tucsonspirit) Blog

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Real Estate Agent - Tierra Antigua Realty - SA624527000



  CALENDAR OF EVENTS - SEPTEMBER 2015                         DATE: TIME: EVENT NAME:  PARK: FACILITY: EVENT ATTENDANCE: MON, 9/7 7a-5p PALF Labor Federation. Labor Day Celebration Reid OPC, Ramadas 1, 2, 17, 18, 19, 20, 22 2,000 SAT, 9/12 12p-10p UV Color Dash 5k  Reid DTA, Lake Area, NW Area, F...
 Mortgage bond prices finished the week lower, which pushed rates higher. Stock volatility dominated headlines. The DOW fell over 600 points Monday morning, which initially helped rates improve. Stocks recovered later in the week and mortgage rates worsened. The data was generally not rate frien...
  3.875% Mortgage bond prices finished the week higher which pushed rates lower. Stock weakness dominated headlines. The DOW fell over 700 points for the week and 358 points Thursday alone. Economic data was mixed. Consumer prices rose 0.1% versus the expected 0.2% increase. The core, which excl...
 As mortgage standards have tightened, it has become increasingly difficult for self-employed borrowers to qualify for a normal mortgage. Gone are the days of reasonable limited documentation, no ratio or no documentation loans. Lenders require typically two years tax returns and use the informat...
Mortgage bond prices finished the week near unchanged holding mortgage rates steady. Rates rose Monday amid stock strength as the DOW was up over 200 points. Rates fell Tuesday when stocks reversed course. The biggest shock to financial markets came early in the week with the devaluing of the Chi...
 Previously, FHA did not count the payment on a deferred student loan if the payment was deferred for more than one year. Effective with case numbers assigned on 9/14/2015 and later, FHA will now count payments on all student loans whether or not they are deferred. The student loan payments will ...
The University of Arizona starts classes soon, would make an excellent 1st time home for faculity, students, or parents looking for secure housing. Located at 1919 E Water Street, Tucson, AZ 85719.  Desirable three bedroom/2 bath, 1,530 Sq Ft red brick bungalow located in the heart of Central Tuc...
  Mortgage qualifying standards are starting to loosen slightly after years of tighter standards. Fannie Mae has announced it will no longer require lenders to deduct employee business expenses from a borrowers income in determining qualifying income. These expenses are listed as 2106 employee bu...
Mortgage bond prices finished the week lower which pushed rates higher. Rates were positive the beginning of the week amid mixed data. Personal Income rose 0.4% versus the expected 0.3% increase which was not rate friendly. Spending rose 0.2% and the PCE Core rose 0.1% both as expected. The ISM I...
Below are some highlights from the July Residential Sales Statistics:-The Median Sales Price was up again this month to $175,000 from $173,000 in June, a 1.16% increase.-Total Sales Volume decreased this month, going from $324,888,299 in June to $309,538,575 in July, a 4.72% decrease from last mo...

Spirit Messingham

Third Generation Full-Time Realtor® 520 471-6900
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Third generation, full-time licensed Realtor, putting my clients' needs first. I work with all of my client's one on one, taking pride in the quality work and services I provide. In the top 1% of all Tucson Realtors by sales volume 2012 - 2015. I have the experience, passion and knowledge to help with your residential real estate needs. Call (520) 471-6900 for a free and no obligation consultation.