Average interest rates on 30-year fixed mortgages fell again this past week to 4.87% which was down from the previous week’s 4.95%. Concerns that rising oil prices due to the uprising in Libya may impact consumer spending has spurred investors into bonds and Treasury notes. Typically these markets track closely with interest rates. Other mortgage […]
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Filing income tax returns is an annual rite of dread for most Americans. Winding through the maze of deductions, credits, rules and forms can be quite a chore. Even if you use a tax preparer it still is a time consuming process to organize all the information they’ll need to complete your return. However, it’s […] The Good Faith Estimate (GFE) is a standardized document designed to allow buyers an easy way to compare mortgage loan and settlement services. Its use originates by federal law under the Real Estate Settlement Procedures Act (RESPA) in which a mortgage lender or broker must provide a customer this written cost estimate within three days […] January existing home sales rose 2.7% nationally in January to an annual rate of 5.36 million. This is the third consecutive month that existing home sales have continued to rise and they also now sit above levels of one year ago by 5.3% when sales were at a 5.09 million annual rate. According to National […] Today’s consumer is typically a more astute buyer when it comes to shopping around for the best deal. The Internet era allows us to price out items from traditional brick & mortar stores, to online only retailers, or even second hand sites like eBay or Craigslist. So you’d think that perhaps the largest payment a […] Mortgage interest rates on a 30-year fixed home loan increased this last week to finish at an average of 5.05% according to Freddie Mac. This represents an upward surge from the previous week which finished at 4.81%, but is nearly on par with a year ago when rates were 4.97%. As the broader economy continues […] In what hopefully is a good omen for the beleagured real estate industry, it appears some lenders are becoming more lenient with qualifications for buyers. Last month Wells Fargo announced that FHA loans they originate would be available for buyers with credit scores as low as 500. This does require that the borrower have anywhere […] The absolute first step in purchasing a home is deciding whether you want to even buy a home or if renting might be a better option. Polling data shows that 95% of home owners and 72% of renters say that owning a home is the smart decision over the long term. Not only that but […] One of the biggest benefits in purchasing a new construction home from a builder is having the opportunity to customize the home to your specific tastes. For some buyers this is a daunting task as there are typically many available options, colors, and designs to choose from. Things can get even more complex if a […] The Stone Canyon community has established itself as the preeminent spot of Tucson for luxury homes. Encompassing 1,400 acres of pristine land nestled against the Tortolita Mountains, it features a Top 100, world-class golf course and unsurpassed panoramic views. This exclusive gated community has also played host to the Street of Dreams event, which showcased […] |
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