If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. There was a little downward movement this past week in some areas but overall things have remained stable.
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
(The data provided above is for informational purposes only and is not guaranteed. Consult a lending professional to discuss your individual circumstances and needs)
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Although they were slightly higher this week then previous weeks, they are still at a great level for the home buyer.
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
(The data provided above is for informational purposes only and is not guaranteed. Consult a lending professional to discuss your individual circumstances and needs)
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates continued to be stable at historic lows in the past week with rates falling towards the end of the week after the Federal Reserve’s announcement. Freddie Mac announced that for the week ending October 28, 30-year fixed rates averaged 4.24%, up slightly from 4.23% the previous week. The average for 15-year fixed fell slightly to 3.63%. Adjustables were down with the average for one-year adjustables falling to 3.26% and five-year adjustables easing to 3.39%. A year ago 30-year fixed rates were at 4.98%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “With little sign of inflation to push up long-term rates, fixed home loan rates held relatively steady this week, while ARM rates hit new all-time record lows. The core price index for personal expenditures, a gauge closely followed by the Federal Reserve (Fed), rose 1.1 percent over the 12-months ending in September and represented the smallest increase since September 2001. In its November 3rd monetary policy committee statement, the Fed affirmed that measures of underlying inflation are somewhat low, relative to levels that the committee judges to be consistent, over the longer run, with its dual mandate.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated November 5, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates continued to be stable at historic lows in the past week. Freddie Mac announced that for the week ending October 28, 30-year fixed rates averaged 4.23%, up slightly from 4.21% the previous week. The average for 15-year fixed also rose slightly to 3.66%. Adjustables were mixed with the average for one-year adjustables remaining at 3.30% and five-year adjustables easing to 3.41%. A year ago 30-year fixed rates were at 5.03%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “Mixed economic data releases left rates little changed this week. Consumer confidence increased slightly in October, according to The Conference Board, but still remains at low levels. Based on the S&P/Case-Shiller, 20-city composite index®, house prices fell 0.3 percent between July and August, while the purchase-only index by the Federal Housing Finance Agency showed a 0.4 percent gain over the same period. Historically low rates are supporting home sales and reducing the excess stock of homes available for sale. Existing home sales, including condominiums and co-ops, rose for the second consecutive month in September, up almost 18.0 percent over July’s low. Similarly, sales of new homes had back-to-back increases and were 7.7 percent above July. The inventory of new homes for sale has either stayed the same or declined every month of this year.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated October 29, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates for 30-year fixed loans are now at the lowest level since 1951, almost 60 years ago. Freddie Mac announced that for the week ending October 14, 30-year fixed rates averaged 4.19%, down from 4.27% the previous week. The average for 15-year fixed fell to a record low of 3.62%. Adjustables were more stable with the average for one-year adjustables rising slightly to 3.43% and five-year adjustables remaining at 3.47%. A year ago 30-year fixed rates were at 4.92%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “September’s employment report held no big surprises to financial markets, allowing long-term bond yields and rates on home loans to continue to ease. As a result, both the 30-year and 15-year fixed rates hit all-time record lows for the third consecutive week. Historically low rates have spurred yet another refinancing wave. Conventional applications for refinance jumped 24 percent over the week of October 8th to the strongest pace since mid-April 2009, according to the Mortgage Bankers Association. The Bureau of Economic Analysis estimates that homeowners held an average effective rate on their home loan of 6.07 percent in the second quarter of 2010. By refinancing into this week’s 30-year fixed-rate, the average homeowner could save over $230 a month on a $200,000 loan balance.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated October 15, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates again moved to record low territory in the past week. Freddie Mac announced that for the week ending October 7, 30-year fixed rates averaged 4.27%, down from 4.32% the previous week. The average for 15-year fixed fell to 3.72%. Adjustables also fell with the average for one-year adjustables falling to 3.40% and five-year adjustables decreasing to 3.47%. A year ago 30-year fixed rates were at 4.87%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “The 12-month growth rate in the core price index for personal consumption, which the Federal Reserve closely tracks, has been drifting lower over the past six months ending in August and suggests inflation is running at a tepid pace at best. This allowed rates to ease to new or near record lows this week. Housing affordability increased for the second month in a row in August to tie Aprils level, according to the National Association of Realtors (NAR). As a result, pending existing home sales also rose for the second consecutive month in August to the strongest pace in four months. Furthermore, since the end of August, applications for home loan purchases were up over 14 percent for the week ended October 1st.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated October 8, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates moved lower in the past week. Freddie Mac announced that for the week ending September 30, 30-year fixed rates averaged 4.32%, down from 4.37% the previous week. The average for 15-year fixed fell to 3.75%. Adjustables were stable with the average for one-year adjustables rising slightly to 3.48% and five-year adjustables falling slightly to 3.52%. A year ago 30-year fixed rates were at 4.94%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “Confidence in the state of the economy fell among consumers and businesses, which led to a decline in long-term bond yields and brought rates to record lows this week. The September Consumer Confidence Index by the Conference Board fell to the lowest level since February of this year. Consequently, rates for the 15-year fixed loans and the 5-year hybrid ARM reached new all-time lows and rates for 30-year fixed loans tied its record set just four weeks ago. Homeowners have regained $1.0 trillion in home equity as of the second quarter of 2010 after losing more than $7.5 trillion over the three-year period ending in the first quarter of 2009, the Federal Reserve Board reported. This, in part, strengthened household balance sheets and reduced serious delinquencies on home loans.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated October 1, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates were virtually unchanged at historic lows again in the past week. Freddie Mac announced that for the week ending September 23, 30-year fixed rates averaged 4.37%, the same as the previous week. The average for 15-year fixed remained at 3.82%. Adjustables were mixed with the average for one-year adjustables rising to 3.46% and five-year adjustables falling slightly to 3.54%. A year ago 30-year fixed rates were at 5.04%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “In its September 21st policy committee statement, the Federal Reserve indicated that the pace of recovery in output and employment has slowed in recent months. In addition, inflation was at levels somewhat below its comfort zone. The perception of slow growth and low inflation removed any upward pressure on fixed rates this week. Since 1975, fixed rates typically fall over the 12 months following the end of a recession; the one exception was the 1980 downturn. The National Bureau of Economic Research recently announced that the current recession ended in June 2009. Rates for 30-year fixed loans were 0.7 percentage points lower in June 2010, representing the largest decline during the first year of recovery over the last six recessions. With a weaker recovery, these rates fell by another 0.4 percentage points by September.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated September 24, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
Spending Locally is a great thing to do. Not only for the environment, but also for your neighborhood and city. By spending locally you help limit the fossil fuels needed to transport items across the country, while keeping money local and stimulating the local economy (in the process maybe even increasing the value of your Tucson Real Estate).
If you find yourself near the University this weekend, you might want to stop in at Wilko. Located at the main gate, Wilko is a great place to take a break from a hectic day. This place has a little of everything. You can have a beer while watching a game on one of the two TVs. Listen to their eclectic music while enjoying a wide selection of wine. Or, just chat with friends over some spicy mac -n- cheese and herb fries. Yum!
According to their website:
Wilko is a modern gastropub featuring inventive classic American comfort food in the Main Gate district at Park and University. Everything on our menu is prepared on site and whenever possible we use local and organic ingredients. We have over 30 wines by the glass, six craft brews on tap, and an extensive tasting menu featuring the best artisan cheeses and salume available from small local and regional producers. Many of our house made condiments, dressings, and sauces are available for purchase along with our artisan cheese and salume offerings in our small market and espresso bar.
We are currently open 10am – 10pm Monday through Saturday; 11am – 9pm on Sunday. Breakfast coming soon!
Check out their webite at wilkotucson.com to see the full menu.
So when you need a break from your search for the perfect Tucson Real Estate, spend locally at Wilko.
If you have been thinking about purchasing Tucson Real Estate, the interest rates are still looking good. Here is what Richard Blair from Smart Financial Mortgage had to say in a recent email:
Rates were stable at historic lows again in the past week. Freddie Mac announced that for the week ending September 16, 30-year fixed rates averaged 4.37%, up slightly from 4.35% the previous week. The average for 15-year fixed fell slightly to 3.82%. Adjustables were also down slightly with the average for one-year adjustables easing to 3.40% and five-year adjustables falling slightly to 3.55%. A year ago 30-year fixed rates were at 5.04%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac, “Rates on 30-year fixed loans have remained below 5 percent for the last 19 weeks giving people ample opportunity to refi their existing loans. As a result, homeowners reduced their financial obligations relative to disposable personal income during the second quarter of 2010 to the lowest share in almost eight years, according to the Federal Reserve. Currently, four out of five applications for home loans are for refinancing existing loans, based on figures released by the Mortgage Bankers Association of America.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated September 17, 2010
Interest rates are always an important factor when considering a purchase of Tucson Real Estate.
