The mortgage has changed significantly since the housing crash. The easy-to-obtain loans of the housing boom are long gone. But what can the growing number of regular buyers, who need a mortgage to purchase a home, expect in this market? Jay Luber, president of Phoenix-based Galaxy Lending, is a veteran of Arizona’s mortgage market. His […]
Blog Archive for Tag 'arizona foreclsoures', only excerpts shown, click title for full entry.
More than 22,000 Arizona consumers received some sort of aid during the first year of the nation’s biggest settlement with mortgage firms. The U.S.’s five biggest lenders have provided $1.68 billion in relief to mortgage borrowers across the state, according to a progress report released Thursday by independent settlement monitor Joseph Smith of the Office […]
Zillow issued a released Friday reporting that both national home values and rents rose in the month of April. According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January […]
The nationwide inventory of residential homes for-sale dropped 21 percent in March compared to a year ago, according to newly released housing data from Realtor.com, tracking 146 metro markets. In fact, all 146 markets posted a drop in their inventory, except for two — Hartford, Conn., and Philadelphia. The nationwide median list price in March […]
Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers. Selling your home will go a lot smoother if you think of it as a business transaction and don’t let emotions get in the way. You’ve worked hard to get your home ready for sale and to price […]
15-Year Fixed-Rate Mortgage Hits New All-Time Record Low In Freddie Mac’s results of its Primary Mortgage Market Survey®, average fixed mortgage rates declined for the third consecutive week on the heels of a weaker than expected employment report. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new […]
Are Homeowners Glad They Own? It might come as a surprise but a whopping 72 percent of surveyed homeowners nationwide are satisfied with owning a home. The other 28 percent, not so. They say they’re dissatisfied and that’s likely due to the devaluation of their homes. But surprisingly, of those who were satisfied with […]