Featured Properties
Fannie Mae and Freddie Mac to Approve Short Sales in 60 Days or Less Starting June 2012
While this is another one of those "I'll believe it when I see it" articles, it seems that starting June 15, 2012, loans that are backed by Fannie Mae and Freddie Mac are to receive a decision on a short sale offer within 30 to 60 … [Read More...]
So the Phoenix Housing Market Hit Bottom in Spring 2012 – Not So Fast!
I have come to the place that I cannot take any more of the mantra that I am hearing from my industry, as it is doing nothing more than creating a "panic" among buyers and in the end will cause Realtors to have egg on their face … [Read More...]
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...]
Recent Sales
Fannie Mae and Freddie Mac to Approve Short Sales in 60 Days or Less Starting June 2012
While this is another one of those “I’ll believe it when I see it” articles, it seems that starting June 15, 2012, loans that are backed by Fannie Mae and Freddie Mac are to receive a decision on a short sale offer within 30 to 60 days. The full guidelines were rolled out on Tuesday,… Read More
So the Phoenix Housing Market Hit Bottom in Spring 2012 – Not So Fast!
I have come to the place that I cannot take any more of the mantra that I am hearing from my industry, as it is doing nothing more than creating a “panic” among buyers and in the end will cause Realtors to have egg on their face once again. Now I will agree that it… Read More
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
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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