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Phoenix/Scottsdale Mortgage Update for September 17, 2011
Mortgages Rates Down Again, and the Fed Cometh It's become an all-too-familiar phrase this year: "Mortgage rates post new record lows." But aside from that favorable happenstance, what other positive can be found on which to … [Read More...]
Phoenix/Scottsdale Mortgage Update for May 28, 2011
Time to update your application with me and crunch the numbers on a refinance. Remember that a refinance can also be utilized to pull cash out of your property to pay for various items, e.g. college tuition for your children or … [Read More...]
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Phoenix/Scottsdale Mortgage Update for September 17, 2011
Mortgages Rates Down Again, and the Fed Cometh It’s become an all-too-familiar phrase this year: “Mortgage rates post new record lows.” But aside from that favorable happenstance, what other positive can be found on which to focus in the housing market? Delinquencies, foreclosures, underwater homeowners, borrowers with sub-par credentials and more have been a continuing… Read More
Phoenix/Scottsdale Mortgage Update for May 28, 2011
Time to update your application with me and crunch the numbers on a refinance. Remember that a refinance can also be utilized to pull cash out of your property to pay for various items, e.g. college tuition for your children or grandchildren, wiping out credit card debt or auto loans, a down payment on another… Read More
Phoenix/Scottsdale Mortgage Update for May 14, 2011
The further we get into this weak recovery, the more it looks like a weak recovery is what we’ll be enduring for a while. As resource-slack-absorbing growth remains in the distance, investors seem to be taking a less-concerned attitude about rising inflation, at least for the time being. The recent falloff in oil prices is… Read More
Phoenix/Scottsdale Mortgage Update for March 19, 2011
The world’s troubles sent investors scrambling for a place to hide this week, with stock markets having a few rough days. Among the most favorite places to stash cash are highly-liquid US Treasuries, and investor demand for them has driven the yield on the benchmark 10-year Treasury down by more than a quarter-percentage point over… Read More
Are Banks Getting Ready to Flood the Market with Foreclosures in April 2011?
I was just out reading a post on ActiveRain from Gary Lirette of Sandpoint Real Estate asking If a Flood of Shadow Inventory is on the Horizon? I admit this one peaks my interest, as we have been hearing for quite some time that there is a new wave of foreclosures about to hit the… Read More
Latest Phoenix Real Estate News
Phoenix Mortgage and Business Update for February 13, 2010
From One of Our Strategic Partners: Burt Carlson Mortgage Consultant Smart Financial Mortgage Phoenix, AZ 85016 (602) 803-9660 (cell) burt@gosfm.com Interest Rates Retail mortgage rates remained at or just below 5% again. Seems that there is a fairly vigorous debate over what rates will do at the end of March. This week the head of… Read More
Phoenix Mortgage and Business Update for February 20, 2010
From One of Our Strategic Partners: Burt Carlson Mortgage Consultant Smart Financial Mortgage Phoenix, AZ 85016 (602) 803-9660 (cell) burt@gosfm.com Editorial Comment: The purpose of this weekly update is to provide a snapshot of a variety of factors influencing both the mortgage and housing markets. As we all know our country is facing a host… Read More
Phoenix Mortgage and Business Update for February 27, 2010
From One of Our Strategic Partners: Burt Carlson Mortgage Consultant Smart Financial Mortgage Phoenix, AZ 85016 (602) 803-9660 (cell) burt@gosfm.com Food for thought: Clearly one of the challenges to economic recovery is getting people back to work. You may want to check out the Job Market Headlines below. Note the reference to the 318,000 people… Read More
Phoenix Mortgage and Business Update for June 5, 2010
From One of Our Strategic Partners: Burt Carlson (602) 803-9660 burt@gosfm.com To read any of my articles please go to http://www.examiner.com/x-39888-Phoenix-Real-Estate-Financing-Examiner. How I see it $: Since so much of what happens in the U.S. is influenced by the rest of the world I thought I’d provide a few headlines from the week. The French… Read More
Phoenix Mortgage and Business Update for June 12, 2010
From One of Our Strategic Partners: Burt Carlson Mortgage Consultant Smart Financial Mortgage Phoenix, AZ 85016 (602) 803-9660 (cell) burt@gosfm.com To read any of my articles please go to http://www.examiner.com/x-39888-Phoenix-Real-Estate-Financing-Examiner. This past Monday I started a new job with Money Management International (MMI) as an MHA (Making Home Affordable) Specialist helping homeowners with their loan… Read More
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