Archive for January, 2016

Weekly Mortgage Interest Rate Report January 14, 2016

Friday, January 15th, 2016 azrealtycom No Comments »

“Long-term Treasury yields continue to drop, dragging mortgage rates down with them. Turbulence in overseas financial markets is generating a flight-to-quality which benefits U.S. Treasury securities. In addition, sagging oil prices are capping inflation expectations. The net effect on the 30-year mortgage rate was a 5 basis point drop.”– Sean Becketti, chief economist, Freddie Mac […]

Social Share Toolbar

2015 Reviews Done by NAR Research

Saturday, January 9th, 2016 azrealtycom No Comments »

You may be surprised to know… Women REALTORS® made up 58% of all REALTORS®, while men made up 42%. REALTORS® were typically 57 years old. 58% of REALTORS® were licensed as sales agents, and 80% of members specialize in residential brokerage. 2015 home buyer & seller profile… 32& of recent buyers were first-time home buyers. Desire […]

Social Share Toolbar

Weekly Mortgage Interest Rate Report January 7, 2016

Saturday, January 9th, 2016 azrealtycom No Comments »

Even though we experienced the worse New Year opening of the stock market, mortgage rates are still stable. The outlook for 2016 US economy is optimistic.    Week ending on 01/07/16 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.97% 0.6 N/A  15-Year Fixed Rate 3.26% 0.5 N/A  5/1-Year Adjustable Rate 3.09% 0.5 2.75 […]

Social Share Toolbar

2016 City of Phoenix Privilege (Rental) Tax increases

Tuesday, January 5th, 2016 azrealtycom No Comments »

Phoenix voters approved proposition 104 in the August 25, 2015 city election to fund a comprehensive Transportation Plan. This plan will remain and expand light rail and bus routes, improve city streets, and provide residents with more transportation choices. WHAT IS THE CITY TAX RATE? The City’s tax rate is 2.3% starting January 1, 2016 […]

Social Share Toolbar