Archive for Mortgage News

Let’s Chat Now!

Wednesday, August 8th, 2018 azrealtycom No Comments »

To be more responsive to your inquiries, starting August 1, 2018, we add LiveChat feature to our website. Our service department, brokers and property managers will be online answering your questions. Feel free to try it if you need any help. LiveChat is powered by LiveChat.

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Mortgage Interest Rates Getting Higher and Higher

Wednesday, August 8th, 2018 azrealtycom No Comments »

Bloomberg and Jamie Dimon, JPMorgan Chase CEO announced that mortgage rates should be 1% higher, and could be 2% higher soon. Mortgage rates follow the 10-year note closely. Today, the 10-year note is at 2.93%. Rates are going up due to the rising economy and increasing job market. Those who buy today will benefit from a […]

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Expecting Two More Rate Hikes by the End of 2018

Thursday, August 2nd, 2018 azrealtycom No Comments »

With the economy expanding at a healthy pace, the FOMC is likely to maintain the upbeat assessment of growth outlook, paving the way for two more Fed Fund Rate hikes this year, most likely in September and December. Meanwhile, on Friday the economic data flow brings the latest employment report. Another firm increase in non-farm […]

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Benchmark rate increased

Monday, July 9th, 2018 azrealtycom No Comments »

Surprising no one, the Federal Reserve lifted its benchmark rate by a quarter point last week, the second hike this year. With unemployment at 3.8 percent, the lowest since 2000, and inflation creeping higher, the Fed says raising rates gradually will keep the economy from overheating. – Reuters

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Mortgage Getting Some Difficulties

Monday, July 9th, 2018 azrealtycom No Comments »

Lenders face an increasingly difficult market. With mortgage rates up about 80 basis points since last September, refinancing is falling sharply; Purchase applications were also down 2.9 percent from April to May. Lenders may turn to cost cutting as a means of managing their bottom lines.  – Reuters

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Mortgage Rates – Jan 30, 2018

Tuesday, January 30th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4.375 to 4.5 APR 4.65 15 Yr 4.125 to 4.375 APR 4.41 ARMS 5 Yr 4 to 4.25 APR 4.37 7 Yr 3.875 to 4 APR 4.124 FHA/VA 30 Yr 3.75 APR 3.82 15 Yr 3.5 APR 3.61 2018 Loan limits have INCREASED $453,100 Conventional and VA vs $417,000 $294,515 FHA vs $279,450

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Housing Market Starts Strong for 2018

Saturday, January 13th, 2018 azrealtycom No Comments »

Here are some good indicators showing US housing market carries great momentum from 2017 to 2018: Home equity has hit a new record high, reported to be $5.5 trillion. Remodeling spending topped $152 billion in 2017 and is forecast to increase in 2018. Mortgage applications on newly constructed homes rose 18% in December from the […]

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Mortgage Rates – Jan 12, 2018

Saturday, January 13th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr    4.25 to 4.375 APR 4.43 15 Yr    3.75 to 4 APR 4.1   ARMS 5 Yr 3.875 to 4.2 APR 4.37 7 Yr   3.875 to 4 APR 4.124   FHA/VA  30 Yr    3.625 APR 3.74 15 Yr    3.375 APR 3.41  

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About the Tax Reform

Wednesday, December 27th, 2017 azrealtycom No Comments »

On December 20th, Congress passed the Tax Cuts and Jobs Act. This is the first significant change to the U.S tax code since 1986. Here’s what you need to know in 2018: Tax deductions allowed on mortgage interest have been reduced from $1M to $750,000. Personal exemptions have been eliminated, but standard deductions rose from […]

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Mortgage Rates – Dec 12, /2017

Wednesday, December 13th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4.125 APR 4.21 15 Yr 3..375 to 3.75 APR 3.79 ARMS 5 Yr 3.5 to 3.875 APR 4 7 Yr 3.375 to 4 APR 4.21 FHA/VA 30 Yr 3.625 APR 3.74 15 Yr 3.375 APR 3.41

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