tucson: Mortgage Rates for Tucson, AZ 9/17/16 + Market Commentary
- 09/17/16 01:47 AM
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 were prepared for a signal of a rate hike. Producer prices were unchanged versus the expected 0.1% increase. The core, which excludes volatile food and energy prices, rose 0.1% as expected. Retail sales fell 0.3% versus the expected 0.1% decrease. Consumer prices rose 0.2% slightly higher than the expected 0.1% increase. The … (0 comments)
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 expected at 97 but came in at a 101.1 reading.
ADP employment increased 177K versus the expected 170K increase. Weekly jobless claims were 263K versus the expected 265K. Productivity fell 0.6% versus the expected 0.5% decrease. ISM Index was a weaker than expected 49.4. Analysts looked for a mark of 52. Unemployment was 4.9% and payrolls increased … (0 comments)
tucson: Central Tucson Open House 5/1 1-4pm $269,900 .25 acres, pool, garage!
- 04/29/16 06:19 AM
3920 E Calle De Jardin, Tucson, AZ 85711 3 beds 2 baths 1,832 sqft For Sale $269,900 Zestimate®: $280,935 Please join Central Tucson Specialist, listing agent Spirit Messingham for an open house in this charming property in historic San Clemente neighborhood. Priced $11K below the Zillow.com "Zesimate". If you have questions or would like to view this property please call Central Tucson specialist listing agent Spirit Messingham at (520) 471-6900. Desirable central location in historic San Clemente. Charming double brick construction w/ concrete drive way, and attached garage. Authentic original hardwood flooring recently resurfaced, spacious living room w/built-in shelves, wired for … (3 comments)
tucson: City of Tucson Budget Shortfall
- 04/21/16 07:51 AM
Tucson City Manager Michael Ortega presented his recommendations to the Mayor and Council on Tuesday, April 19, to close the nearly $26 million budget shortfall for next fiscal year.
The proposed changes include a hiring freeze at the city and elimination of vacant positions. These changes will reduce the city workforce by 236 employees.
There will also be a reorganization of the police and fire departments, increases in bus fares, and reduction in hours of operation for the modern streetcar. Additional proposed changes are an increase in the hotel bed tax, utility tax, and small property taxes. … (0 comments)
tucson: Think All Lender's Are The Same?
- 09/21/15 05:10 AM
Think all lenders are the same? Not true. Earlier this month, the Community Home Lenders Association posted on their website a side-by-side comparison of consumer regulation required of non-bank mortgage lenders versus banks. The details are chilling. Every individual Loan Originator at a non-bank lender must: • Be licensed • Complete SAFE Act Mortgage Competency Test • Complete 20 hours SAFE Act pre-licensing courses • Pass an independent criminal background check • Do 8 hours/year of SAFE Act continuing education Banks are completely EXEMPT from ALL of the above. Further, all non-bank mortgage lenders are subject to CFPB exams covering: • Compliance … (4 comments)
Reduced price $8K below Zillow ''Zestimate''. Charming three bedroom/2 bath, 1,530 SqFt red brick bungalow located in the heart of Central Tucson. Fantastic central location, walking distance to UMC, UofA, restaurants & shopping. Buyers will appreciate the authentic hardwood floors, vintage character and charm of a 1950's classic bungalow with modern updates including: energy efficient double pane windows, AC, gas stove, ceiling fans (all bedrooms), split floor plan, open kitchen, low maintenance shingle roof w/gutters and updated bathrooms w/recent vanity, fixtures, … (3 comments)
tucson: Move-In Ready Historic 4/3 2,791 Sq Ft on .94 Acres Colonia Solana
- 04/29/15 01:55 AM
Not only do I live in the historic subdivision of historic Colonia Solana, I have viewed the majority of the properties listed for sale since 2008. Move in ready, registered Historic property in prestigious Historic Colonia Solana, ambience of country life in heart of Central Tucson. Tastefully updated w/ vintage character & mid-modern century charm. This 4 bedroom/3 bath 2,791 Sq Ft house sitting on .94 acres features: updated kitchen (plumbed for gas) w/custom cabinets, recessed lighting, sky lights, zoned AC ($133 avg electric bill), 2 hot water heaters, vintage San Felipe Saltillo tile, wood fireplace in living room w/picturesque windows & … (0 comments)
tucson: Credit Tip
- 04/02/15 09:49 AM
For many first time home buyers obtaining financing can be a struggle. One tip is don’t close those zero balance revolving accounts.
Closing zero balance revolving accounts actually drops a consumer’s credit score since the higher the amount of one’s credit limits compared to the balances, the higher the credit score. Having unused, open revolving accounts is an indicator of restraint in the use of credit, a positive factor in credit scoring.
Not only should consumers not close zero balance revolving accounts but increasing the limits on any of their revolving accounts will help increase their credit score. … (6 comments)
tucson: Loan Status Update in Arizona
- 03/28/15 12:48 AM
In 2011 there was a revision to the contract: the Loan Status Update became a requirement instead of a “nice-to-obtain” document. Lines 66 - 68 state: “Buyer shall deliver to Seller the LSU with a minimum line 1 - 40 completed describing the current status of the Buyer’s proposed loan within five (5) days after Contract acceptance and instruct lender to provide an updated LSU to Broker(s) and Seller upon request.” More often than not this document, despite the requirement of the contract, is not delivered to the seller per contract. In the event the form is not delivered, the seller … (2 comments)
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.
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 were prepared for a signal of a rate hike. Producer prices were unchanged versus the expected 0.1% increase. The core, which excludes volatile food and energy prices, rose 0.1% as expected. Retail sales fell 0.3% versus the expected 0.1% decrease. Consumer prices rose 0.2% slightly higher than the expected 0.1% increase. The … (0 comments)
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