Rod Dennis Blog

Foreclosed homes are a hot market throughout AZ -- and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October's foreclosure filings rose 7 percent to 231,000 filings nationwide. A "foreclosure filing" is any one of the following foreclosure-related events : A default...

Tuesday, Fannie Mae and Freddie Mac unveiled lender instructions for the government's revamped HARP program, kick-starting a potential refinance frenzy across AZ and nationwide. HARP stands for Home Affordable Refinance Program. The updated program is meant to give "underwater homeowners" an opp...

Homebuilder confidence continues to rise. Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21. It's the second straight month that the HMI posted a 3-point gain, catapulting the index to an 18-month. The Housin...

Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October -- a 4 percent increase from September and the highest reading in 3 months. A "Housing Start" is a home on which ground h...

Many homeowners will be able to find out next week how to seek refinancing, no matter how underwater they are on their mortgages.A federal mortgage program announced by President Barack Obama three weeks ago will smooth the refinancing process and overcome hurdles that so far have blocked many in...

MBS prices are down a bit on the session (FNMA 3.50 -4.5/32) on decent data, as we still have no clear picture of resolution in the EU financial crisis.  Initial Jobless Claims came in a bit better than expected (390k vs. 400k est.), the Trade Balance was more narrow than anticipate (-43.1B vs. -...

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I wanted to make sure you were aware that interest rates are lower than they have ever been since I started in this business over 25 years ago.   It may be time to take a look at your home financing to see if there is an opportunity to save money.     If interested, please go to this link http:/...

The chaptered (official) version of SB 1306 is abbreviated from the Senate Engrossed version.  See “House Engrossed Senate Bill” 1306.  The updated highlights are: 1.      Excludes Single-Family Residences. 2.      Landlords must provide educational materials to existing and new tenants.  The ty...

  Your Home Buying Timeline   Purchasing a new home is a process that involves many steps.   To help you better understand the home buying process, we’ve compiled a list of the necessary steps grouped in to an approximate timeline.   WEEK 1 1. Your Pre-Approval 2. Turn in Financials 3. Finding yo...