Archive for Housing Market Intelligence

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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Phoenix Home Prices up 6% since 2016

Tuesday, December 26th, 2017 azrealtycom No Comments »

Phoenix home prices are continuing to rise, clocking in at a 6 percent year-over-year increase, according to a new housing report. The S&P CoreLogic Case-Shiller index report released Tuesday showed that, through October, the Valley’s home prices were continuing an upward trend. The region finished in the middle of the pack in terms of price […]

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Metro Phoenix Housing Ends Strong!!!

Thursday, December 21st, 2017 azrealtycom No Comments »

Click below infographic for clear resolution.

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Housing Market Continues Gaining Ground

Tuesday, December 19th, 2017 azrealtycom No Comments »

Home prices shot up 7% year-over-year in October – up 0.9% from September. They are anticipated to rise 4.2% through October 2018. As of Jan. 1, nearly every area of the U.S. will see FHA limits increase. FHA is required by law to set Single Family forward loan limits at 115 percent of median house […]

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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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Refinances Increased as Mortgage Rates Dipped

Monday, November 27th, 2017 azrealtycom No Comments »

The percentage of refinance loans inched up slightly in October as interest rates dipped to a new 2017 low, according to Ellie Mae’s latest Origination Insight Report (OIR). The OIR found refinances climbed 1 percent to 39 percent of total loans in October. Ellie Mae attributed the small increase in the percentage of refinances to […]

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Mortgage News – Sept 29, 2017

Friday, September 29th, 2017 azrealtycom No Comments »

The Federal Open Market Committee (FOMC)chose to maintain the target range of federal fund rates at 1% to 1.25%. Although we are still in a competitive market, we may finally see a decline in bidding wars. For the first time in 7 weeks, the average 30-year fixed mortgage rates increased from an average of 3.78% […]

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Mortgage Rates – 9/21/2017

Thursday, September 21st, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4 APR 4.12 15 Yr 3.125 to 3.375 APR 3.425 ARMS 5 Yr 3.125 to 3.375 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.5 APR 3.62 15 Yr 3.125 APR 3.12

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