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Phoenix Mortgage Rate Update

April 26, 2011

Mortgage rates are holding. However, I would expect this week to be a very telling week for rate outlook.  There is a fed meeting on Wednesday where Bernanke will be stating what is happening with the QE2 which is scheduled to be over here.   Many people believe this will have a big impact on the […]

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New Government changes affect mortgage rates and costs

April 19, 2011

There have been some government changes in the industry this month – and not all good for you the consumer. FHA Monthly Mortgage Insurance premiums are going up .25%. This means about an extra $20 a month for every 100K you borrower.   That means less people will be able to qualify for underwriting and you […]

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July Mortgage Rates Explode

July 9, 2010

Well just when we thought mortgage rates couldn’t go any lower……….they do!!! Depending on your loan amount you could possibly do a 30 Year fixed with no points or origination fee at 4.375% and a 15 year at 3.875%! What you ask is driving down rates so much? In one word, uncertainty. The global economics […]

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Foreclosure Rates Are Falling (Despite What You See In The Headlines)

July 10, 2008

According to RealtyTrac, the rate of foreclosures across the U.S. is slowing.  Versus May, June foreclosures fell at a 3 percent clip. 25 states showed improvement month-over-month, led by many of the same areas that had fueled foreclosure activity in 2007. A sampling of RealtyTrac’s data includes: California : Foreclosures down 4.54 percent Georgia : […]

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Guess Which 4 States Accounted For More Than 50 Percent Of May 2008 Foreclosures

June 13, 2008

RealtyTrac released its most recent foreclosure statistics and if you only read the headlines, you think the entire country was on the verge of losing its homes. The underlying data tells a different story, however. More than half of the country’s foreclosure activity in May 2008 was tied to just 4 states in the union: California (28 […]

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The 80/20 Rule Applies To Foreclosures

April 29, 2008

RealtyTrac released Q1 2008 foreclosure statistics and the data follows an interesting statistical phenomenon most commonly known as the “80/20 Rule”. The 80/20 Rule states that 80 percent of the effects come from 20 percent of the causes. In this case, 80 percent of bank repossessions in the first three months of 2008 came from […]

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