Arizona Mortgage

Arizona Green Alternatives & Asbestos Prevention

July 20, 2009

Today’s Post is a Guest Post from Mesothelioma Center Homes built before 1980 may still contain asbestos materials. There are now many Eco-sustainable options that make the use of asbestos obsolete. Arizona is a state known for its tropical weather, beautiful scenery and national parks. It is one of the ideal spots for active lifestyles […]

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Falling Gas Prices May Be Linked To Lower Mortgage Rates

July 14, 2009

If you’ve been driving lately, you’ve noticed that the cost of a fill-up has gone down. According to GasBuddy.com, retail gas now costs $2.52 per gallon , on average nationwide

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Change Your Closing Date To Get A Lower Mortgage Rate

July 10, 2009

Sometimes, saving money on your mortgage is as simple as picking a better closing date. It’s all about Rate Lock Commitments. A Rate Lock Commitment is a bank’s promise to honor a specific mortgage rate for a specific period of time

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How A Rising Unemployment Rate Can Help Mortgage Rates Fall

July 7, 2009

Last week’s jobs report is the latest data point to drag down rates for today’s home buyers and would-be refinancers.

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What’s Ahead For Mortgage Rates This Week : July 6, 2009

July 6, 2009

Mortgage markets were relatively calm throughout last week’s holiday-shortened trading sessions. After trading within a tight range between Monday and Wednesday, a weak jobs report helped edge rates lower into the weekend. For the second week in a row, mortgage rates ended the week lower than where they started — if only slightly.

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For The 4th Straight Month, There’s An Increase In The Number Of Homes Under Contract

July 2, 2009

The number of homes under contract to sell increased in May.

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Home Prices Show Improvement In 19 of the 20 Case-Shiller Markets

July 1, 2009

Tuesday — for the first time in a long while — members of the press met the monthly Case-Shiller Index data with enthusiasm. And why shouldn’t they?

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What’s Ahead For Mortgage Rates This Week : June 29, 2009

June 29, 2009

Mortgage markets improved last week on the heels of benign economic data and a non-inspired press release from the Federal Reserve. Aside from trader momentum, 3 market-moving events helped set the pace last week: Housing data hinted at strength Jobless data showed softness The Fed said growth appears on-track The combination of the three created volatility that — for just the second time in the last 8 weeks — worked in favor of rate shoppers.

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In Another Good Sign For The Housing Market, Builders Are Clearing Out Their Inventory

June 26, 2009

If you only saw the headlines this week, you may have missed another positive sign in the housing market. According to the Census Bureau, the supply of newly-built homes for sale fell to 10.2 months in May, its lowest level in 10 months

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A Simple Explanation Of The Federal Reserve Statement (June 24, 2009 Edition)

June 24, 2009

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion.

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What’s Ahead For Mortgage Rates This Week : June 22, 2009

June 21, 2009

Mortgage markets finished out the week unchanged last week but that’s not to say that mortgage rates stayed flat. From day-to-day, mortgage rate shoppers were on a veritable roller coaster. Monday and Tuesday, rates dipped Wednesday and Thursday, rates surged Friday, rates retreated Overall, conforming mortgage rates carved out a half-percent range this week

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Adjusting For Cost Of Living Differences After A Non-Local Move

June 18, 2009

Moving to a new metropolitan area requires adjustments.

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What Consumer Sentiment Surveys Mean To Housing Markets

June 16, 2009

Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery. According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June.

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VIDEO : How To Know Which Home Repairs Can Be Delayed And Which Should Be Fixed Right Away

June 12, 2009

When finances are tight, homeowners are often forced to choose between making home repairs right away, and putting them off until finances improve. Some repairs, though, become more expensive if not tackled on the double.

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How To Receive A Cash Gift For Downpayment

June 10, 2009

Tighter mortgage guidelines since late-2008 are forcing home buyers to make bigger downpayments. Anecdotally, the change has led to a surge in buyers taking gifts of cash from family members

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Want To Know Why Mortgage Rates Are Up Over 1.125 Percent In 10 Days?

June 9, 2009

Since Memorial Day, conforming mortgage rates have jumped by more than 1.125 percent, adding thousands of dollars to the annual cost of homeownership. To the casual observer, the moves may seem random. There’s a reason this is happening, however

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What’s Ahead For Mortgage Rates This Week : June 8, 2009

June 8, 2009

The economy posted stronger-than-expected data last week, reigniting fears of inflation on Wall Street. The positive-slanted economic news caused conforming mortgage rates to rise by another 1/2 percent last week. It marked the second week in a row of soaring mortgage rates and the fifth week out of six that rates have moved higher.

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Mortgage Lending Starts To Show Signs Of A Thaw

May 18, 2009

Getting approved for a home loan isn’t getting easier, but it doesn’t appear to be getting much more difficult, either. In its quarterly survey to member banks , the Federal Reserve asked senior bank loan officers whether “prime” residential mortgage guidelines had tightened in the last 3 months.

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For The Second Month In A Row, Foreclosures Are Concentrated In 3 States

May 13, 2009

For the second month in a row, the country’s foreclosure activity was dominated by a small number of states. As shown by the latest stats from RealtyTrac.com , more than half of the country’s foreclosure actions from April were concentrated in just 3 states: California Florida Nevada Those 3 states are home to but 19 percent of the U.S. population

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With Mortgage Rates, You Can’t Shop For Good Luck

May 12, 2009

After a series of increases starting April 30, mortgage rates finally took a dip Monday. It was a welcome surprise for home buyers that went under contract over the weekend. Same for homeowners looking to pull the refinance trigger.

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