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ARIZONA MORTGAGE NEWS Your Arizona Mortgage Pro Mortgage rates and news Best rates, lowest rates, no money down, 100% financing, Gilbert, Chandler, Tempe, Mesa, Phoenix, Scottsdale
RECENT BLOG POSTS
Rates continue on the upswing, markets opened worse today than Friday's close further pushing rates North. We are now definitively at or above the 5% mark for both FHA and Conventional 30 year fixed mortgages. There are still some amazing rates for those looking to use shorter term or ARM financi...
02/07/2011
If you ask a home buyer if this will be a second home, they may simply nod and say 'sure'. But what a buyer considers a second home and what a lender considers a 2nd home can actually destroy the deal! Any home that you purchase in addition to the home you currently live in does not make it a "se...
02/07/2011
Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures - Short sa...
02/05/2011
In today's market, the number of people who have had a short sale or foreclosure are exponentially increasing, but that doesn't mean you can't ever buy again. So how long before you can purchase another home after one of these difficult events? It may not be nearly as long as you would think! Ta...
02/04/2011
Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower's Gross Monthly Income compared to their credit payments and other monthly liabilities. Debt-to-Inc...
02/04/2011
As expected from yesterday's news, rates continue to inch North. The big news today is that unemployment nationally fell to 9%. Considering where we were just a few short months ago, this is great news for the economy. However, any time we have positive news for our economy, it usually means inte...
02/04/2011
USDA just let us know that they have redrawn the maps for properties that are eligible for USDA 100% financing. Sadly, they have had approval for the new maps since November but have had challenges updating the maps in their system. Despite that, they are moving forward with the changes anyways s...
02/02/2011
The market opened up a little this morning but showing little improvement to yesterday's losses and essentially no change to rates overall. Rates trends continue to inch skyward, ever so slightly at a time, and currently holding at the 5% range. Expectations that the Egypt conflict may give rise ...
02/02/2011
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When I first signed up, I thought my only interest here would be to connect with industry partners and  improve my networking and relationship building with real estate agents. What I didn't realize was how many people I would come across who were willing to take time out of their day (and night)...
02/01/2011
The market took a hit today on the heels of yesterdays' slump driving rates upward at today's open. Yesterday the 10 year was down 11/32 and today opened down 15/32 Conventional 30 yr: 4.875% to 5.250% Conventional 15 yr: 4.375% to 4.750% 5/1 ARM: 3.625% to 3.875% FHA 30 yr: 4.750% to 5.125% FHA ...
02/01/2011
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Brian West

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