With interest rates having dropped to record lows and having been on the decline for the last several years, many homeowners are inclined to refinance their mortgages to achieve a lower monthly payment. While in many cases this can be an effective strategy, there are many points to consider before diving into the refinance process. […]
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Freddie Mac reported just today that the 30-year fixed rate mortgage dropped just below the previous record set last week. The average rate now sits at 3.83% down from 3.84%. While clearly just a minor drop it continues to show affordability is high and a home purchase with rates that low are even more attractive […] The budget submitted for next fiscal year to the county supervisors recommends a $1.23 billion budget that includes no change in the property tax rate for Pima County. Coupled with most property seeing declining assessed values, this should mean most people will have a reduced tax burden. However, other factors which can add cost to […] Another record low has been reached this week as Freddie Mac reports that 30-year fixed rate mortgage loans averaged just 3.84%. This is down from 3.88% and marks the lowest number on record. The drop in large part was achieved in a run towards bonds by investors who were seeking safety on renewed concenrs regarding […] The Pima County Fair concludes its 11-day run this weekend, operating from 10:00am – midnight on its final weekend. Held at the Pima County Fairgrounds located at 11300 S. Houghton Rd., this annual event has been one of Tucson’s largest for the last 100 years. Among the many activities occurring at the fair are carnival […] Forbes.com recently showcased the best places to purchase a home right now based upon REALTOR.com Feburary housing data and Tucson came in at number 1 on the list. Affordability for homes is near an all-time high given the drop from peak housing prices coupled with near record low mortgage rates. The article stated how many […] The Tucson MLS just released statistics for March 2012 and the market trend continues to look extremely positive. Reasons for optimism abound, but foremost among them is the steady average price increase we’ve seen over the last six months. The rate of foreclosures, while substantially down from the peak numbers, will continue to keep average […] Freddie Mac’s official release last week shows mortgage rates holding steady. The 30-year fixed rate mortgage averaged 3.98% (with an average 0.7 points) which is down fractionally from 3.99% the week prior and still substantially lower than this time last year when the FRM averaged 4.87%. The 15-year FRM settled at 3.21% (0.7 points) on […] The recently held Primary Election in Oro Valley to determine three town council seats resulted in one incumbent retaining his seat, while two new members were elected. For the first time in history each of the elected candidates received more than 50% of the vote, resulting in no General Election being necessary. Joining incumbent Bill […] One of the common mistakes that both first-time homebuyers and sesasoned real estate buyers can make is to throw a wrench into a loan approval prior to closing by making large purchases. Today most buyers will receive pre-approval before even making an offer but may not fully realize that it’s not until a loan is […] |
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