Archive for Mortgage News

Mortgage Rates – Nov 7, 2018

Thursday, November 8th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4.875 to 5.125 APR 5.573 15 Yr 4.5 to 4.75 APR 5.125 JUMBO & ARMS 5 Yr Call Me On Rate 7 Yr Call Me On Rate FHA/VA/USDA 30 Yr 4.75 APR 5.897 15 Yr 4.25 APR 5.53

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Buy NOW or Wait?

Tuesday, October 2nd, 2018 azrealtycom No Comments »
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Mortgage Interest Rate Trending Up

Tuesday, October 2nd, 2018 azrealtycom No Comments »

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.

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Mortgage Rates – Sept 27, 2018

Thursday, September 27th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr    4.75 to 5.00 APR 5.28 15 Yr    4.375 to 4.625 APR 4.87   FHA/VA/USDA  30 Yr    4.375 APR 5.43 15 Yr    4 APR 5.23  

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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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