Spirit Messingham's (tucsonspirit) Blog

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Real Estate Agent - Tierra Antigua Realty - SA624527000

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2016 

Mortgage bond prices finished the week slightly higher which put downward pressure on rates.  Rates were flat the beginning of the week amid some stock weakness.  Stronger than expected data Tuesday caused rates to bump higher.  New home sales printed at 592K versus the expected 560K.  The strong...
07/30/2016
   Mortgage bond prices finished the week slightly lower which put upward pressure on rates. Rates were flat the beginning of the week amid mixed data. The NAHB Housing Index was 59 versus the expected 60. Housing starts were 1189K. Analysts looked for a reading of 1170K. Rates worsened Thursday ...
07/23/2016
     Mortgage bond prices finished the week lower which put upward pressure on rates.  Rates were flat the beginning of the week amid no data and some stock strength.  The global stock rally continued and rates eventually pushed higher.  The Treasury auctions were weaker than normal as the flight...
07/16/2016
 The new down payment assistance program, Pathway to Purchase, is scheduled to begin taking application this coming Monday, 7/18 at 1 PM. This program is available for only the city of Tucson and South Tucson. Here are the basics: Income limit: $92,984 annual incomeSales price limit: $371,936 max...
07/14/2016
 In today’s economic news the US Bureau of Labor Statistics released its latest data on the health of our nation’s employment. The unemployment rate rose from 4.7% to 4.9% while Non-Farm Payrolls surged by an unexpected amount of 287K. This was the largest increase since October of 2015. May was ...
07/08/2016
Borrowers are allowed to buy in their sole and separate right even though they may be married. In a community property state such as Arizona, if the spouse is not going to be on title, the spouse will be required to sign a disclaimer deed at Title. Some married borrowers will apply for the mortga...
07/08/2016
Mortgage bond prices finished the week higher which pushed rates lower.  Rate movements were limited most of the week but most of the positive improvements came early in continuation of Brexit fallout the week before.  The U.S. economy grew at a 1.1% the first quarter which was as expected.  Cons...
07/01/2016
Flood insurance can be expensive, especially if there is no current elevation certificate on the property.  If a property is in a flood plain, you will need extra hazard insurance or otherwise known as flood insurance. Recently, we handled a purchase where the initial cost of the flood insurance ...
07/01/2016
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Spirit Messingham

Third Generation Full-Time Realtor® 520 471-6900
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